Answer: Some of the small and relatively easy start up businesses have the least growth and greatest failure rate
Explanation: A business is any activity entered into with the aim of making profit. It could be a sole proprietorship, partnership, limited liability company or LLC.
Business especially small and medium scale enterprise face challenges as they often times struggle to stay in business and experience growth.
The idea of A2Z Sports bar fallls under the small and medium scale enterprise that may also face similar challenge.
Answer:
Legal fee paid = Asset
Driveway = Asset
Meat-grinding machine = Asset
Prepaid rent = Asset
Wages for construction of buliding = Asset
Wages for delivery truck = Expense
Answer:
The correct answer is letter "B": limits on interest rates charged by credit card companies.
Explanation:
A Price Ceiling is a maximum amount a seller can charge for a product or service. A regulating authority -usually the local government- enforces price ceilings and they are typically set to protect low-income consumers for being priced-out of markets of essential goods and services.
Apartments provide a common example. Some cities provide price ceilings on what the landlords can charge for rent. A price ceiling in credit card interest rates would all into this category as well.
Answer:
The correct answer is letter "C": economy-wide phenomena.
Explanation:
Macroeconomics studies the performance of an economy as a whole while Microeconomics focuses on the decisions, spending, and performance of individuals or single businesses. Macroeconomics focuses on aggregate expenditure and consumption of a nation or region.
