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Allushta [10]
2 years ago
14

Johnson lives near Dollywood, a popular theme park in Tennessee. Johnson decides to begin a new money-making venture selling scr

een printed t-shirts from a booth just down the road from the theme park, to take advantage of the traffic that flows by on its way to the park. Johnson’s t-shirts, however, will not be Dollywood-themed t-shirts; they will be Johnson’s own creations. Johnson’s daughter Susan helps him in his new venture by manning the booth from time to time, but Johnson has total control over everything about the business—from ordering the t-shirts, paying the bills, pricing the t-shirts, paying the taxes on his sales, and receiving all the profits from the venture. Even though Johnson put no thought into what kind of business venture he was creating when he started his business, Johnson has effectively created a: ________
a. corporation
b. sole proprietorship
c. franchise
d. limited liability company
Business
1 answer:
Stells [14]2 years ago
5 0

The business venture created by Johnson is effectively s sole proprietorship.

<h3>What is a sole proprietorship?</h3>

A sole proprietorship is a type of business venture that is owned by a single individual. A sole proprietorship has an unlimited liability. This means that when the business is unable to meet its debt obligations, the properties of the sole proprietor can be used to settle the debt.

To learn more about sole proprietorship, please check: brainly.com/question/15132409

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What interest rate (the nearest percent) must Charlie earn on a $362000 investment today so that he will have $1126000 after 10
Papessa [141]

Answer:

12%

Explanation:

A = P(1+r)^n

A (amount) = $1126000

P (principal) = $362000

n = 10 years

1126000 = 362000(1+r)^10

1126000/362000 = (1+r)^10

(1+r)^10 = 3.1

1+r = 3.1^0.1

1+r = 1.12

r = 1.12 - 1 = 0.12 = 12%

3 0
3 years ago
When a pharmaceutical company discovers a new drug, patent law gives it market power by guaranteeing:
Roman55 [17]

C) exclusive ownership of the drug's right to sell it for a limited time.

What guarantees the monopoly when a pharmaceutical company discovers a new drug?

A company without market power is a monopoly. Patent law grants a pharmaceutical company a monopoly when they discover a new drug: the right to sell the drug in part for an unlimited number of years.

What is monopoly power's fundamental source?

Barriers to entry are the primary factor that lead to monopoly. There are three sources of entry barriers: Responsibility for secret weapon.

Is a patent monopoly-granting?

Invention is rewarded by patents, not commercialization. In a similar vein, a patent does not constitute an economic monopoly. First, because having a patent does not result in the "single supplier" situation that is typical of most monopolies in real life.

To learn more about monopoly here

brainly.com/question/29765560

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5 0
1 year ago
TRADE OFFER<br> I receive laugh you receive points
AlekseyPX
Pardon me but how about…yes?

3 0
3 years ago
Clients with borderline personality disorder (BPD) are usually admitted to an inpatient setting because of what?
Ira Lisetskai [31]

Answer:

Threats of self harm

Explanation:

Borderline personality disorder is a mental disorder that makes people have harmful impact on the way people feel and think about them self. It comes with symptoms like overreacting, fear, instability and inability to do anything alone. This is usually caused by emotional triggered event that might be hard to reverse. People with this condition are always placed on constant check to avoid self harm or even harming others.

5 0
4 years ago
Assume, for Singapore, that the domestic price of soybeans without international trade is higher than the world price of soybean
Lubov Fominskaja [6]

Answer:

C)other countries have a comparative advantage over Singapore and Singapore will import soybeans.

Explanation:

In the case when the domestic price of the soyabeans considered withoiut the international trade and the same should be more than the world price that means the other country would have the comparative advamtage and the singapore would import the soybeans

Therefore the option c is correct

3 0
3 years ago
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