Describe the 3 business organizations and pros and cons of each with regards to number of owners,
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There are three types of business organizations; sole proprietorship, partnership, and corporation. The advantages and disadvantages of each of these are described below:
Sole proprietorship: Sole proprietorship is a business owned by a single individual. It is simple to set up, and the owner has complete control over the company.
The advantages of sole proprietorship include complete control of the company, flexibility, and ease of setup. However, the disadvantages of sole proprietorship include unlimited personal liability for business debts and no outside investments.
Partnership: Partnership is a business structure in which two or more people own and operate the company together. The advantages of partnership include shared risk, shared investment, and shared workload. However, the disadvantages of partnership include a lack of control over the company, shared profits, and potential conflict between partners.
Corporation: A corporation is a business structure in which the company is a separate legal entity from its owners. The advantages of corporation include limited liability for owners, greater access to capital, and a separate legal identity. However, the disadvantages of corporation include greater legal complexity, less control over the company, and higher taxation.
Partnership offers shared risk, shared investment, and shared workload, but it also has a lack of control over the company, shared profits, and potential conflict between partners. A corporation has limited liability for owners, greater access to capital, and a separate legal identity, but it also has greater legal complexity, less control over the company, and higher taxation.
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Related Questions
Why would sole proprietors organize their businesses as LLC?
A Group of answer choices
B To hire better managers
C To reduce their financial liability
D To increase the risk their business faces
E To avoid double taxation
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———
LLCs have become very popular because they provide the flexibility, informality and tax attributes of a partnership or sole proprietorship, and the limited liability of a corporation. To form an LLC, one or more people must file articles of organization with their state's business filing office.
Question 1 (10 points) You are faced with a problem. You want to go to the movies with your friends and see the latest action flick. However, your mother left you firm instructions to mow the lawn. You will risk losing your allowance if you don't mow the lawn. Apply what you have learned in this course. a) Create a decision-making grid similar to the one you learned about in Unit 2. Then decide which would be the best use of your time. b) Make a choice as to which you will do. Write an explanation (at least one well- developed paragraph in length) in which you explain how you have decided to use your time and why you made that particular choice. Your explanation should include terms such as "opportunity cost" and "trade-off" and your reasoning for making the choice you made.
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The dilemma is to decide whether to ignore mother's orders or comply with them in this situation.
What is Opportunity Cost?Opportunity Cost refers to the losses incurred on leaving the other possible alternatives in the decision making and choosing the one. It is the value of the best alternative choose in the process of the decision making.
In the Above situation,the individual would enjoy with friends if he goes to watch the movie However it can lead to trouble with his mother.
However, if individual does cleaning of the lawn; the price would be the fun you would have to forgo.
The best course of action would be to obey your mother because the consequences of doing otherwise are much worse.
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Which "class" of fires consists of flammable liquids including stove alcohol, gasoline and diesel?.
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The class of fires that includes those caused by flammable liquids such as alcohol and diesel is Class B fires.
What are class B fires?These are those fires that are caused by combustible liquids that are capable to spreading fire quickly.
The liquids include alcohol, gasoline, and diesel. Such fires and recommended to be best put out by smothering the flames.
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In value-chain analysis, value is measured by total revenue.a) Trueb) False
Answers
Answer:
True
Explanation:
In a value chain analysis value is often measured in terms of revenue. In short value-chain analysis describes all of the activities that a business employs to create a product or service.
The New York Times is attempting to adapt to the digital news revolution by doing all of the following EXCEPT
A. offering a lower priced online subscription trial.
B. publishing issues only online.
C. creating an app for smartphone/tablet.
D. including an online archive.
Answers
based on the information above, describe how throughput differs from traditional accounting. explain how these measurements change the perspective on a company's performance.
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Throughput differs from traditional accounting by focusing on the rate at which a company generates cash through its operations, instead of solely emphasizing cost and profit. Traditional accounting primarily focuses on cost reduction and profit maximization, while throughput accounting examines the flow of products or services and identifies constraints that hinder cash generation.
The measurements of throughput change the perspective on a company's performance by emphasizing the importance of maximizing the flow of products or services. It recognizes that the speed at which value is created and delivered to customers directly impacts profitability. By addressing constraints and bottlenecks, throughput accounting aims to increase overall throughput, leading to improved cash flow and profitability. This shift in perspective encourages managers to optimize the entire system rather than individual components, resulting in better decision-making, increased operational efficiency, and improved financial performance for the company.
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Other economists contend that the problem is not the degree of protection afforded workers but rather the manner in which the protection is:_________
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The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations.
Analysis of Equal Protection
An individual has the right to file a lawsuit against a governmental body for relief when they believe that the federal or state governments have infringed their constitutional equal rights.
The person must first establish that the governing body genuinely discriminated against them, depending on the sort of discrimination claimed. The plaintiff must demonstrate that the governing body's action actually caused the individual injury.
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a blank is a path of connected jobs that all work together to help you develop your skills and experience in one particular area
a. life choice
b. career
c. plan
d. specialty
Answers
Answer:
A life choice
why in life choice you have to get your choice because life is yours
Eric is maximizing his total utility through his choices of two goods: clothes and food. His marginal utility of clothes is 60 and his marginal utility of food is 12. The price of clothes is $20. What must be the price of food
Answers
Answer:
$4 per unit
Explanation:
utils per $1 spent on clothes = total utils from clothes / price of clothes = 60 / $20 = 3 utils per dollar spent
since Eric is maximizing his total utility, then the utils obtained from food must also equal 3 per every dollar spent on food:
3 = 12 / price of food
price of food = 12 / 3 = $4 per unit
what does white space mean in terms of advertising?
A. Space within the advertising region that is text only
B. Space within the advertising region that is filled
C. Space within the advertising region that is colorful
D. Space within the advertising region that is left unmarked and unfilled
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Answer:
D. Space within the advertising region that is left unmarked and unfilled
Explanation:
Hope this helps!!
The meaning of the word white space in advertising refers to Space within the advertising region that is left unmarked and unfilled. Thus, option (D) is correct.
What is Advertising?Advertising is a marketing strategy that involves paying for advertising space to sell a product, service, or movement. Marketing messages, or ads for short, are the real commercial messaging.
Advertising's purpose is to contact those who are most likely to be ready to pay for a company's goods or services and convince them to purchase them.
White space in a design is empty space or negative space that occurs surrounding all text in a design layout used in advertising. The space may seem to be empty, yet it is most likely the most crucial aspect of how the design seems to the human eye.
Therefore, it can be concluded that option (D) is correct.
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The additional cost incurred by using an additional unit of the managerial control variable is defined as the
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The additional cost incurred by using an additional unit of the managerial control variable is defined as the marginal cost.
Marginal cost represents the change in total cost resulting from producing one additional unit or making one additional decision.
It is calculated by dividing the change in total cost by the change in the quantity of the control variable.In the context of managerial control, the control variable refers to the factor or input that managers have direct control over and can manipulate to influence outcomes or achieve desired results. This variable can vary depending on the specific situation or industry.By analyzing the marginal cost, managers can evaluate the trade-offs and make informed decisions about the allocation of resources and the level of control variable to be utilized. They assess whether the additional benefit or gain from using an additional unit of the control variable outweighs the associated cost.This analysis helps optimize the utilization of resources and maximize efficiency in managerial decision-making.
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what are the ources of information and communication?Describe
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Answer:
One of the fundamental ideas in communication and information processing is the source or sender. Sources are objects that encode message data and transmit it to one or more observers over a channel (or receivers).
You recently got a new job in a busy doctor's office. There are four other workers who perform the same
tasks as you. When you were trained, you felt confident about your ability to do the work correctly.
However, now you are not sure how to complete some of the tasks.
Read the following actions and decide which is the BEST way to handle the situation and which is the
WORST way to handle the situation.
1. Ask a co-worker to help you with the tasks you are not sure how to do.
2. Watch your co-workers do the tasks you are not sure how to do and copy their actions exactly.
3. Ignore the tasks you are not sure how to do until someone notices.
4 Ask your supervisor for additional training on the tale vor
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Ignore the tasks you are not sure how to do until someone notices which is the worst way to handle the situation. The correct option C. Ignoring behavior that is harmful to the student or others is never a suitable course of action e.g., aggressive behavior, or bullying. These actions demand the application of a different tactic.
Why is planned to ignore harmfully?Ignoring assumes that a child's apparent behaviors accurately represent what they are trying to accomplish. In fact, many kids aren't able to communicate their inner thoughts through coordinated movement and/or language. Ignoring oversimplifies the child's actions without making an effort to understand their underlying emotions and thoughts.
You recently got a new job in a busy doctor's office. There are four other workers who perform the same tasks as you. When you were trained, you felt confident about your ability to do the work correctly. However, now you are not sure how to complete some of the tasks. Ignore the tasks you are not sure how to do until someone notices which is the worst way to handle the situation.
Thus, the ideal selection is option C.
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Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental models held by her colleagues from other cultures, as well as their emotional experiences in a given situation. Furthermore, she started to effectively use words and behaviors that were compatible with the local culture of New York. Which of the following features of a global mindset occurred in Maya's life?
A. The capacity to judge the competence of others by their national or ethnic origins.
B. The ability to develop more of a parochial than a global frame of reference about their business.
C. The capacity to empathize and act effectively across cultures.
D. The ability to process complex information about familiar environments.
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Answer:
C. The capacity to empathize and act effectively across cultures.
Explanation:
Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture
so as per the given situation, the option c is correct
outside of the human resources department, the ______ is probably still the training result measure with the most meaning. a. eeoc b. jit c. ojt d. roi
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Option d is Correct. ROI (Return on Investment) is probably still the training result measure with the most meaning outside of the human resources department.
ROI is a financial metric that measures the return on investment of a training program. It takes into account the costs of the training program, including the cost of materials, delivery, and administration, and compares them to the benefits, such as increased productivity, improved job performance, and reduced turnover.
ROI provides a clear and objective measure of the financial benefits of a training program, which can help organizations to justify the investment in training and make more informed decisions about future training initiatives.
While other training result measures, such as job impact (JIT) and objective of training (OOT), may be useful for evaluating the effectiveness of a training program in specific contexts, ROI is generally considered to be the most meaningful and widely used measure for evaluating the financial return on investment of training.
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Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answers
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056
Collusion occurs when companies agree to drop prices and increase production.
True
or
False
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Every Good Boy Does Fine as a way to remember the lines of a particular musical notation is an example of
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An illustration of expression mnemonics is the use of "Every Nice Boy Does Well" to recall the notes of a certain musical notation.
What exactly are expression mnemonics?Expressions or word mnemonics. This mnemonic is used by the great majority of people. By arranging the first letter of each item in a list to form a phrase or word, you can make an expression or word mnemonic.
What does a mnemonic's illustration look like?In mnemonic's Put the ABCs to music to help you memorise the alphabet. Rhymes help people recall spelling rules like "I before e except after c". Forming sentences out of the first letter of each word in the right order, such "Please Forgive My Loving Aunt Sally," can help people remember the algebraic order of operations.
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Consider a first-price sealed-bid auction with only two bidders, 1 and 2. Assume that v1 = v2 = 10 and player 1 is chosen as the winner whenever b1 = b2. Find all the Nash equilibria of this game and justify your answer.
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The Nash equilibrium of this game is (b1, b2) = (10, 10).
What is the Nash equilibrium in this first-price sealed-bid auction with identical valuations?In this first-price sealed-bid auction, the Nash equilibrium occurs when both bidders submit bids of 10. This equilibrium is reached because both bidders have identical valuations (v1 = v2 = 10) and the winner is determined based on the condition that b1 = b2.
At this equilibrium, neither bidder has an incentive to deviate from their chosen bid of 10. If either bidder were to decrease their bid, they would risk losing the auction to the other bidder, resulting in a payoff of zero. On the other hand, if either bidder were to increase their bid, they would incur a higher cost without increasing their chances of winning.
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comparing linear equations where can i get the best car rental deal
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We have that, in order to compare linear equations and find the best car rental deal, you can use several online tools and websites that allow you to input different variables such as location, length of rental, and type of car.
These tools will calculate the total cost of renting a car and help you find the best deal based on your preferences. Some popular car rental price comparison websites and tools include:
kayakingExpediaprice linerentalcars.comhot wireWhen comparing prices, it's important to consider additional fees, taxes, and insurance costs that may not be included in the initial quote. It's also helpful to read reviews from other customers to make sure the rental company is reputable and provides quality service.
In short, using online tools and websites can help you compare linear equations and find the best car rental deal based on your specific needs and preferences.
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Which best describes the types of indicators that the HDI measures?
O economic and industrial indicators
O infrastructure and social indicators
O social and economic indicators
O stability and social indicators
Answers
Answer:
O social and economic indicators
Explanation:
The Human Development Index (HDI) is a statistic used to measure a country's achievements in different aspects of its social and economic welfare. The united nations developed HDI to evaluate different dimensions of human development in a country. Dimensions of human development refer to people's health, educational level, and standards of living.
The HDI makes comparisons between countries by analyzing components such as average annual income and educational achievements.
Social and economic indicators is best describes the types of indicators that the HDI measures. The HDI analyzes factors such as average annual income and educational achievements to directly compare between countries.
What is HDI ?The Human Development Index is a metric that assesses a country's progress in various areas of social and economic development.
HDI was created by the United Nations to assess many aspects of a country's human development. Human development dimensions include people's health, educational attainment, and living conditions.
Thus, option C is correct.
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What is a Discount Rate?
(read multiple choice answers below)
Answers
Answer:
I think it is D) Interest rate charged to banks on loans they receive from the Federal Reserve
Question 3: Answer the following questions
3.1)
Calculate 250% of 100.
(2)
3.2)
Calculate 100% of 250
(2)
2
3)
What do you notice about your answers to question 3.1) and 3.2)? Explain your answer.
Answers
Answer:
\( \frac{250}{100} \times 100 \\ = 250 \\ \\ \frac{100}{100} \times 250 = 250 \\ the \: answers \: are \: identical\)
T/F: The first step to gain and sustain a competitive advantage is to define an organization's vision, mission, and values.
Answers
The first step to gain and maintain a aggressive gain is to define an organization's vision, mission, and values. True.
What is the first step to attain competitive advantage?The first step is to analyze your competition.
The strong point of your firm's product or service, the range of competitors, the dimension of your competitors, the common demand and the rate will all be key factors in your gaining the aggressive edge
Lean on market research. Collecting statistics and analytics on your target market is one of the best tools in your arsenal. Develop an appreciation of what clients clearly favor and establish a fee proposition that grabs their attention.
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https://brainly.com/question/30363083#SPJ4what is the industry term for the average revenue generated by each occupied guestroom during a defined period of time? group of answer choices revave revpor revpar revpash
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RevPAR is the industry term for the average revenue generated by each occupied guestroom during a defined period of time.
What is RevPAR?
The hospitality sector uses a metric called revenue per available room (RevPAR) to gauge hotel performance. A hotel's average daily rate (ADR) is multiplied by its occupancy rate to determine the measurement. The entire room income of a hotel is divided by the total number of available rooms during the measurement period to arrive at RevPAR. A statistic called RevPAR is employed in the hotel sector to evaluate a property's capacity to fill its available rooms at a typical rate. An improvement in a property's average room rate or occupancy rate is indicated by an increase in its RevPAR. However, a rise in RevPAR does not always equate to improved performance.
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3. Businesses not associated with the government are referred to as what type of jobs?
a. Public Sector
b. For Profit Sector
C. Private Sector
d. None of the above
Answers
Answer:
Private Sector
Explanation:
I'm fairly confident this is it, but I'm not too sure. Sorry to disappoint
what are some good outdoor thing to do outside for the summer
list as many as can
Answers
Answer:
biking
swimming
walking
learning something new
being with friends
sports
hiking
going on a trip
making something
write on perfect competition
Answers
Which kind of map would be most helpful to use when studying watersheds?a road mapa political mapa topographic map
Answers
Answer:
Topographic map
Explanation:
Topographic maps show the arrangement of the physical features of an area of the Earth; Such as mountains, valleys, plains, and bodies of water ( above sea level).
in a job interview, amanda tells the hiring manager that she is eager to learn and passionate about the work the company does. which personality test trait does this showcase?
a. respect
b. enthusiasm
c. confidence
d. friendliness
Answers
Answer:enthusiasm
Explanation:
The personality test trait this showcase is enthusiasm. Thus the correct option is B.
What is a Job interview?A job interview is referred to as an assessment technique used to evaluate the capabilities of an individual related to a particular job position. In a Job interview, a set of questions is asked by the employer to analyze the strength of an individual.
In the example presented, it is noted that Amanda informs the hiring manager during a job interview that she is eager to learn and enthusiastic about the work the company does.
Tests of practical techniques known as trait assessments are used to evaluate a person's personality and identify their personality traits.
In the given case, the personality test trait she is showing is enthusiasm as it reflects her excitement and interest to join the company. She portrays her thoughts to the hiring manager.
Therefore, option B is appropriate.
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