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uysha [10]
3 years ago
12

Explain how TWO factors have determined the form of ownership of the business

Business
1 answer:
Karolina [17]3 years ago
8 0

Answer:

The two factors that determine the form of ownership of a business are;

1. Start-up costs

2. Level of control desired

Explanation:

The form of ownership of a business defines the structure with which the business will be governed. There are different form of business ownership that exist, namely; sole proprietorship, partnerships and corporations. They all differ in different aspects as shown;

1. Sole proprietorship

A sole proprietorship as the name suggests is a business structure where there is only one owner. The owner is in charge of the business profits and liabilities. It is generally a simple business structure that needs a small company, where filing tax returns are very easy.

2. Partnerships

A partnership is a business structure where two or more parties come together to form a business. The parties are responsible for the profits depending on the amount contributed by each party. Each individual always pool their resources towards the successful completion of a given project therefor each party is liable for their own profits and risks.

3. Corporations

Corporation are similar in a way to partnerships since they involve two or more parties with the major difference being that a corporation is a separate legal entity. So the liability is always to the corporation itself and not to the parties that constitute the corporation.

Two factors that determine the form of ownership of the business are;

1. Start-up costs: if you intend to minimize the cost of starting up you business then a sole proprietorship is the best option due to its simplistic nature and very minimal start-up expenses.

2. Level of control desired: Depending on the level of control one would like to have in the business regarding decision making and the daily operations of the business. If one needs a larger level of control, the best option would be sole proprietorship, while minimal control would require a coorporation form of ownership.

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Few restaurant management students opt for ____________________management, believing it lacks the variety, glamour and opportuni
sammy [17]

Answer: Quick service

Explanation:

  According to the given question, the few restaurants student opting quick service management is the process of lack of varieties, opportunities and the glamour.

The Quick service is one of the disadvantage method using in the management as it contain the fast serving of the food and lack of the various types of variety in the food menu.

We are not able to manage all the stuff in order to satisfying the customer requirement and also lacks the opportunities for the self expression. Therefore, Quick service is the correct answer.  

4 0
3 years ago
According to the international financial reporting standards, partnerships must disclose information in the same manner as
katrin [286]
The disclosure should follow the International Financial Reporting Standards.  It should fairly show the presentation, provided that all the necessary documents are submitted to be a statement of financial position. <span>Disclosure in a partnership has to make the same guidelines as the entity requirements.  </span>
5 0
3 years ago
Read 2 more answers
What method would salespeople use to find new customers?
abruzzese [7]

Answer:

B.  prospecting

Explanation:

<em>The method that sales people would use to find new customers would be </em><em>prospecting</em><em>.</em>

In sales, prospecting means the identification of potential customers for a particular good/service. It represents the first step in sales process.

<u>After the list of potential customers have been created, the next step would be to find a way of reaching out to these customers in order to create leads which can end up in sales and turns a prospective customer to a paying customer.</u>

5 0
3 years ago
Which of the following goods is rival in consumption and excludable? a. a tornado siren b. a home c. the environment d. an uncon
algol13

Answer: d. An uncongested toll road

Explanation: it is not important

7 0
3 years ago
Richards Corporation had net income of $231,971 and paid dividends to common stockholders of $58,300. It had 55,100 shares of co
Karolina [17]

Answer:

It is 15.68 times

Explanation:

Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).

Where EPS = $231,971 /55,100

                   = $4.21

Hence, Price-Earnings Ratio = 66/4.21

                                               =15.68 times

P/E ratio shows the expectations of the market and is the price you  pay per unit of current earnings.

The  ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.

8 0
3 years ago
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