Profit motive refers to the concept that the driving force behind the actions and efforts of business enterprises is the desire to earn a profit. More specifically, profit motive means that the overall goal of a business is profit maximization earning the greatest possible profit given the company's competitive strengths and the capabilities of its management team. The business owner maintains a laser focus on this objective, which affects all the decisions a business a producer of goods and servicesmakes.
Answer:
That records the effect of each transaction in at least two accounts with equal debits and credits.
Explanation:
A double-entry accounting system is the accounting system in which it shows the impact of each transaction in terms of debit and credit. In this the amount of credit should be equivalent to the amount of credit that means both the amount should be equivalent to each other
hence, the second option is correct and the same is to be considered
Answer:
B. experienced professionals from different areas of business.
Explanation:
As no individual alone can run the business, different experts for different areas are required, and accordingly an entrepreneurial team is formed with different individuals who are experts in their own field, which helps the organisation, to create an idea for new product, and then make it, and then sell it in the market.
They are just not some people with lot of money, or some government body, etc:
They posses some different skills, for each individual.
Thus, correct option is:
Statement B
Answer:
The people required to provide the landscaping services are considered inputs.
Explanation:
Inputs involve all types of resources which are needed to get the job done. For e.g. human effort, raw materials, money, equipment, etc. In the case mentioned in the question, everyone from sales representative to maintenance personnel are all the examples of input. This is because their energies and expertise are being invested into the system to complete the task.
Unlike other legal structures, the sole proprietorship requires less paperwork and is subject to few business restrictions and regulations.<span>Ownership. As the sole proprietor, the business owner makes all business decisions. ... Liability. ... Tax Liability. ... Risk. ... <span>Considerations.</span></span>
