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denpristay [2]
3 years ago
5

Which of the following is a disadvantage to choosing a sole proprietorship business structure?

Business
2 answers:
alisha [4.7K]3 years ago
5 0

Answer A is the correct one. The owner has personal responsibility for the company's liability.

There are many forms of business. Some important forms are Partnership, Corporation, Limited Liability Company, Sole Proprietorship etc.

Sole Proprietorship is a form of business in which the whole business is owned by a single person. He is the one liable for everything happening to the business. He is solely responsible for the liabilities and the profits as well. So this is usually a disadvantage of being a single owner, that you are the only one liable for all losses that may incur.

aliya0001 [1]3 years ago
4 0

Which of the following is a disadvantage to choosing a sole proprietorship business structure? The owner has personal responsibility for the company's liabilities.

A sole proprietorship is the simplest business form that can be operated. A sole proprietorship is owned by one individual and they are responsible for all of the debts the company has. The business is ran by one person and there is no distinction between the person and the business, both fall under the same number (social security number) when filing taxes.

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Asper Corporation has provided the following data for February. Denominator level of activity 7,700 machine-hours Budgeted fixed
Brrunno [24]

Answer:

Asper Corporation has provided the following data for February. Denominator level of activity 7,700 machine-hours Budgeted fixed manufacturing overhead costs $ 266,420 Fixed component of the predetermined overhead rate $ 34.60 per machine-hour Actual level of activity 7,900 machine-hours Standard machine-hours allowed for the actual output 8,200 machine-hours Actual fixed manufacturing overhead costs $ 259,960 The budget variance for February is $6,460 Favorable.

Explanation:

Budgeted fixed manufacturing overhead cost = $266,420.

Actual fixed manufacturing overhead costs  = $259,960

The budget variance for February is calculated as below:

Budget Variance = Actual Fixed Manufacturing Overheads - Budgeted Fixed Manufacturing Overheads

Budget Variance =$259,960 - $ 266,420.

Budget Variance = -$6,460

Budget Variance = $6,460 Favorable

7 0
2 years ago
A demand curve:
Arada [10]

Answer:

3. indicates the quantity demanded at each price in a series of prices.

Explanation:

The demand for a product can be described as the quantity that buyers are willing and able to buys at a given price or different prices. As per the law of demand, an indirect relationship exists between the price and demand for a product. This relationship can be expressed in a graph format known as a demand curve or as a table format known as the demand schedule.

A demand curve is downward sloping. It demonstrates how demand varies at different prices.  A change in price cause movement along the demand curve. Low price results in high demand, while high prices result in low demand.

7 0
3 years ago
The team-centered decision-making model is preferred when: relevant information and expertise is found in a few select individua
Law Incorporation [45]

Answer:

Participation is needed to obtain necessary commitment

Explanation:

Decision Making Process is a process of Evaluation of various alternatives available through several methods like forecasting.

During evaluation, risk, time and the efficiency of these alternatives are checked.

Team-centred decision making style is preferable when;

1. Relevant information and how to go about issues cannot be not properly arranged by one person

2. Participation is needed for commitment

3. Making one individual as the central power hurts the team

4. If an uncommon decision is to be made

8 0
3 years ago
(for a job ). Everybody makes sexual remarks now and then.
Nonamiya [84]

Answer:

yup I think that tooooooo

5 0
2 years ago
Read 2 more answers
If you stare at a red patch and then look at a red apple, will your experience of the redness of the apple be stronger or weaker
Montano1993 [528]
It will be weaker. According to Hering’s opponent-process model, our eyes will experience a certain level of fatigue after observing a certain object for a prolonged period of time. This level of fatigue usually happen only temporarily and you could experience the same level of color distinguish if you let your eyes rest for a while.
7 0
3 years ago
Read 2 more answers
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