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Main objectives of a business are;Profit maximizationGrowthBusiness ethicsShareholders wealth maximizationSocial responsibility
Main causes of inflation in a country include;Increased money supply due to provision of more credit facilitiesIncreased government expenditure in excess of tax revenuesIncreased in wages without corresponding increase in output of goods / services due to trade union pressureIncreased cost of inputs such as oil and intermediate goodsIncreased taxation such as VATShortages of goods and servicesHigh cost of imports of both capital and finished goods.
The main difference between a registered company and partnership are:Formation: For a company to exist, it has to be legally registered while a partnership does not have to be registered.Membership: A registered private company can have on director/member while a partnership must more than one member.Transfer of shares: Share in a company can be transferred while shares in a partnership cannot be transferred unless all the partners have agreed on the transferLiability: Members of the company are not personally liable for the company's debts while a partner is personally liable to the business's debtsTermination: Death of one of the members does not lead to the termination of the company's existence while the death of a partner may lead to the termination of the partnership unless the partnership agreement says otherwiseBorrowing Money: A company can borrow on the security of a floating charge while a partnership cannot
Dehydrated foods which are used as the main ingredients in a dish include;Bread mixesCake mixesCrumble mixesBatter mixesBiscuit mixes
Features of Pay as You Earn (PAYE) tax paid to KRA include;Every employer is required to submit Pay as You Earn documents at the end of each calendar year.The employers deduct PAYE tax monthly on all employment income they pay to their employees.The PAYE deducted must be paid to the Domestic Taxes Department by the 9th day of the month following the one in which PAYE was deducted.A PAYE tax deduction card (form P9) is maintained for each employee, showing monthly gross pay, benefits, personal relief, allowed deductions, PAYE deducted and net payWhenever an employee leaves employment, the employer is required to issue a certificate of pay and tax (form P39) at the end of each calendar year.