List the three principle forms of business ownership in construction and also state the liability limits in each case.

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Answer 1

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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Consider the geometric and traffic characteristics shown below. Approach (Width) North South East West (56 ft) (56 ft) (68 ft) (68 ft) Peak hour Approach Volumes: Left Turn 165 105 200 166 Through Movement 447 400 590 543 Right Turn 162 157 191 200 Conflicting Pedestrian Volumes 900 1,200 1,200 900 PHF 0.95 0.95 0.95 0.95 For the following saturation flows: Through lanes: 1,600 veh/h/In Through-right lanes: 1,400 veh/h/In Left lanes: 1,000 veh/h/In Left-through lanes: 1,200 veh/h/In Left-through-right lanes: 1,100 veh/h/In The total cycle length was 283 s. Now assume the saturation flow rates are 10% higher, that is, assume the following saturation flow rates: Through lanes: 1,760 veh/h/In Through-right lanes: 1,540 veh/h/In Left lanes: 1,100 veh/h/In Left-through lanes: 1,320 veh/h/In 1,210 veh/h/In Left-through-right lanes: Determine a suitable signal phasing system and phase lengths (in s) for the intersection using the Webster method. (Enter the sum of green and yellow times for…

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Answer 2

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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00:56

Answer 3

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

00:56

Answer 4

Question

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

00:56

Answer 5

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

Answer 6

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.

Answer 7

Chapter 5, Problem 1RQE

To determine

List the three principle forms of business ownership in construction and also state the liability limits in each case.

Answer 8

Expert Solution & Answer

Explanation of Solution

The three principle forms of business ownership in construction are as follows:

1. Proprietorship
2. Partnership
3. Cooperation

In the case of proprietorship and partnership, the owner is responsible for each and every debt incurred in the business. Hence, the personal asset of the owner is at risk to cover the debt incurred in the business.

In the case of cooperation, the business is owned by a number of people who has stock of the cooperation. In the case of debt, the share value of the stock possessed by the individual is at risk. For example, if a person has 50 shares of stock from the cooperation, each having a value of 200 dollars, then in the case of debt, the person will be legally responsible for 10,000 dollars as a stock owner in the cooperation.