Answer: Limited liabilities and partnerships
Explanation:
Limited liabilities mean that the partners within the firm are only liable to pay off their debts with the amount they had invested as capital in the company. Partnership is an agreement between certain number of partners to share the profit and loss of the company. In this case since there is a 50/50 allocation of profits and there are only 2 partners therefore, this is a limited liability partnership.
Answer:
mechanistic
Explanation:
Mechanistic organization is the organization that is hierarchical and bureaucratic
It is characterized by its;
- Highly centralized authority.
- Formalized procedures and practices.
- Specialized functions.
Mechanistic organizations work well in stable, simple environments. Managers integrate the activities of clearly defined departments through formal channels and in formal meetings. Often, they feature many hierarchical layers and a focus on reporting relationships.
Two factors of production that seem to contribute the most to a nation's ability to create wealth are : Entrepreneurship and knowledge.
Germany for example, is not a country that have many resources. But through entrepreneurship and knowledge, they still are one of the world's greatest power
Answer:
f)All of the above or any of the above
Explanation:
GDP or gross domestic product is the aggregate of the values of goods and services produced within a country's boundaries. In calculating the value of GDP, economists consider the value of finished goods only.
GDP is calculated using the expenditure approach and the income approach. With the expenditure approach, GDP is the sum of all consumers, government, incomes, and net imports. The result is GDP and also the aggregate demand.
In the income approach, the GDP is the sum of all national incomes . In other words, GDP is equal to Sales Taxes plus Depreciation and Net Foreign Factor Income.
