Answer:
Banks are owned by shareholders, while credit unions are owned by members
Explanation:
Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.
Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.
<span>Profit is the payment to
entrepreneurship. When the entity’s amount earned exceeds the amount spent in
buying, operating, or producing something and it has a financial gain, this is
then the term we call the profit. This
is what an entity obtains when the amount of revenue from a business activity exceeds
the expenses, costs and taxes which are all needed to sustain the activity. The
owner may or may not decide to use the profit on the business. This is also defined as the money the
business makes after all the expenses have been taken into account. It is any
company’s goal to consistently earn profit. This is the reason why much of
business performance is based on the various forms related to profitability. </span>
It’s secure and liquid. Hopes this helps!!!!!
Answer:
The answer is B. Socio-cultural
Explanation:
The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.
The socio-cultural belief of the nation of Brotherton is one that believe that all the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.
However, the American workers participate and make contributions in the decision making process of the organisation.
Answer:
A) The GAAP statement is based on cost function rather than cost behavior.
Explanation:
Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.
While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?
