business law managerial control invest

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Answer the separated 2 questions.

Reference textbook: The Legal and Regulatory Environment of Business 17th – Marisa Anne Pagnatt

1. Managerial Control

Why should business owners take time to discuss the control each will exert over the organization’s activities?

200-350 words.

2. You and two of your college roommates have discussed plans to open a restaurant. You intend to attract college-age students who are health- and fitness-minded to your restaurant. You and your co-owners agree that each will invest equally in terms of time and money. However, in addition to contributions made by each of you, another $700,000 is essential for the restaurant to succeed.

  • What type of organization is best suited for this business activity?
  • Who will manage the restaurant during times that you and your co-owners are not present?

300-500 words

 
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