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IgorC [24]
3 years ago
7

Bob and Rob have started a food delivery business together called Grub Galore in their college town. They have not incorporated

their business and they run it from​ Bob's basement and garage. Grub Galore is an example of which form of business​ ownership?
Business
1 answer:
Neko [114]3 years ago
5 0

Answer:

Partnership Business

Explanation:

Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.

Grub Galore is owned by Bob and Rob which makes it a partnership business.

Advantages

1) Profit is shared by partners only.

2) It is financed by more than one person which makes capital more available.

3) Decision making is faster company to limited liability companies

Disadvantages

1) Loss is shared among partners only.

2) Death of one partner might lead to the end of the business.

3) Disagreement between partners might end the business.

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Lillian sees a store sign that says cl_ ed. due to the gestalt law of _______, lillian knows the store is closed even though the
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<span>This is the gestalt law of closure. Gestalt means a whole comprised from many pieces that takes on a meaning larger than itself. This refers to Lilian's process of assembling the word- it is composed from letters, but takes on an independent meaning. The law of closure is when this happens anyway even when we don't have all the information.</span>
4 0
3 years ago
In setting the production level, a firm's cost curves A. by themselves do not tell us what decisions the firm will make. B. have
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Answer: Option A : by themselves do not tell us what decisions the firm will make.

Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism

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3 years ago
Universal Waste Disposal sold 1,350,000 shares of stock at $24.62 per share. The investment banker's commission was 5% of the va
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4 0
2 years ago
Southern Printing Corp. produces high-end booklets for university graduations listing all the participating students at a given
Troyanec [42]

Answer:

Single period

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7 0
2 years ago
In the context of operations management, which of the following is true of the transformation process
Fed [463]

Answer:

A transformational process is a process by which we achieve lower costs, increased efficiency or level of output, higher quality of product, anything that brings competitive advantages over rivals.

So this means that Transformational process doesn't includes lowering product quality and efficiency or output.

Option 1 is incorrect because it talks about increasing production by decreasing product quality.

Option 3 is also incorrect because it talks about increasing inefficiency. Remember: Efficiency is increasing output at a set level of input.

Option 4 is also incorrect because transformational process doesn't includes the selling of inputs. Inputs are raw material, labor hours, overhead cost, etc these are not sold by any companies. However their is a possibility that semi finished goods are sold to other companies like Apple purchased Mobile displays from Samsung to meet its customer demand.

But its impossible to sell its labor, raw material which is readily available in the market.

Option 5 is also incorrect because corrective actions are taken when there is something going wrong. When the level of output is increasing from the desired output level it means its an achievement. So this is not correct option.

Option 2 is correct because conversion of inputs into ideas or products will result in competitive advantage. For example, Mercedes first time in the history introduced two door car. This helped Mercedes to lower its material cost sufficiently and Price of the car as well. As a result this increased its sales due to lower prices charged.

Transformational Processes includes activities of converting your resources into more efficient assets which is reflected in this option.

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