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2 years ago

Difference between sole proprietorship and independent contractor

Business

1 answer:

wariber [46]2 years ago

8 0

Answer:

Explanation:

A sole proprietor is a person who owns, manage, finance and organize a business firm.

It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.

A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.

WHILE

An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.

He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.

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1. Economic systems An economic system consists of a set of institutional arrangements and a method of coordinating economic act

Marta_Voda [28]

Answer:

The independent decisions of individuals in the marketplace determine the answers to the fundamental economic questions.

Explanation:

The study of Economic Science allows us to understand the fundamental premises that govern the functioning of market economies. A market economy operates freely - the decisions of the economic agents are independent - which leads us to understand determining questions, such as how much to produce and how much to employ.

A market economy operates under the logic of the interaction between supply and demand of goods and services, so that companies act in a system of competition, via prices, for market share. Thus, consumers benefit from competition and the role of government is only to ensure the right environment for economic transactions.

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3 years ago

Which firm is the oligopolist? Choose one: Firm A is in retail. It is one of the largest and most popular clothing stores in the

skelet666 [1.2K]

Answer:

Firm B is in the auto rental business. It is not the nation’s largest rental company, but significant barriers to entry enable it to serve customers across the United States more conveniently and at a lower price than local rivals.

Explanation:

For the given options we considered Firm B to be treated as the oligopolist as the firm nor its competitors would have the major impact over the market also there are entry & exit barriers from the market

So the firm B should be chosen as the oligopolist

Therefore the same should be considered and relevant

3 0

2 years ago

The County Auditor is the Chief ____ Officer of a county.

Leto [7]

Answer:

The County Auditor is the Chief <u>Fiscal</u> Officer of a county.

Explanation:

The County Auditor is Chief Fiscal Officer of the county. The primary responsibility of the county auditor is to account from the receipts and collection of funds by the county to the disperment of the funds to different county agencies. The county auditor also maintains the records of the movement of the county assets.

3 0

2 years ago

Y he half glasses???

vovikov84 [41]

Answer:

because he needs to see.

Explanation:

but it is adorable, maybe he needed wider glasses to fit the width of his face? i.d.k he looks like a cool kid though.

3 0

2 years ago

Match each of the following contract principles to the statement that best fits it: A. bargained-for exchange of value to the pa

AnnZ [28]

Answer:D.both parties to the contract agree on the contract terms

A.bargained-for exchange of value to the parties

C.parties' negotiated understanding of terms and intent that lead to the contract

B. the subject matter of the contract does not violate law or public policy

Explanation:D A C B 1.consideration

D A C B 2.mutal Acceptance

D A C B 3. Legality

D A C B 4. Agreement

8 0

2 years ago