Answer:
Total implicit cost = $65,000
so correct option is B) $65,000
Explanation:
given data
mutual fund = $100,000
earn = 5%
rented a showroom = $20,000
furniture = $60,000
incurred costs = $40,000
solution
we know that Implicit cost that is take here into account alternative that have sacrifice
so that alternative sacrifice is interest on the deposit of 5 % of 100,000 = $5000
and salary foregone = $60,000
so
Total implicit cost is
Total implicit cost = $5,000 + $60,000
Total implicit cost = $65,000
so correct option is B) $65,000
Capital goods tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of economic weakness.
Answer:
- Sole Proprietorship: The business concept that would be suitable for this type of business would be a roadside Fruit Juice Processing business. This involves different blends of organic fruits being blended into one smooth syrup sometimes called a smoothie.
This type of business is better registered under a Sole Proprietorship because, it is almost always carried out by those who are self-employed.
Pros:
- It is easy to set up and has low operational and corporate cost
- It enjoys zero corporate business taxes
- they are not required to submit annual filings
Cons:
- The liability is unlimited and unrestricted. This means if there is litigation against the business, the business owner if found culpable will have to defray all amounts due even with his or her personal assets if the business is unable to meet that obligation
- This type of business structure will find it difficult to raise money due to the potential liability exposure
- Also the sole proprietor may be unable to take on business debt
2. A Limited Liability Corporation: The business concept that would be suitable for this type of entity is a Fast Food Franchise like Tastee Fried Chicken. This sort of business will involve processing chicken and other kinds of foods into wholesome dishes.
Answer:
Conceptual, human, and technical
Explanation:
Human skill is the skill that required for do the work with the people.
Technical skill is the skill that contains the knowledge in related subjects or activity
And, the conceptual skill is the skill where the new ideas are implemented
So in order to perform the four functions of management, all the three above skills are required i.e. conceptual, human and technical
Answer:
b Design and Pre-Construction
Explanation: