1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marina86 [1]
3 years ago
6

You and nine of your wealthy friends decide to purchase a local minor league baseball team. The purchase price is $15 million, 6

0 percent of which you contribute to the business as capital. Your nine friends will contribute the remaining $6 million. All 10 of you agree that you will be the sole general manager of the business, making all business and baseball decisions, except as you delegate them to employees of the business, such as a team manager or vice president of baseball operations. Due to the way you will account for the purchase of the team and player salaries, you expect the business not to make a profit until year 4. You expect that all 10 of you will remain owners of the business for at least 10 years, at which time you expect to sell the team at a profit. Which business form do you believe is best for this business
Business
1 answer:
worty [1.4K]3 years ago
4 0

Answer:

Limited liability company

Explanation:

A limited liability company is a company where the liabilities of partners is limited to the amount invested in the company. A limited liability company has features of both a partnership and a sole proprietorship

The partnership is made up of a general partner and the limited partners. the general partner is involved in the daily running of the business. The limited partners are not involved in the daily running of the business. They just contribute capital.

In this question, the person involved in the running of the business is the general partner while the other 9 friends are the limited partners.

You might be interested in
21 Type the correct answer in the box. Spell all words correctly. Which process helps bring business professionals together to w
True [87]

Answer:

Strategic planning

Explanation:

Strategic planning is the process in which business professionals formulate a clear plan to determine the direction of actions that they need to take in order to achieve the company's goals.

Strategic planning typically divided into 4 parts:

- Vision; The end goals that the company want to achieve

- Missions ; Specific list of conditions or checkpoints that the company need to get in order to actualize its vision

- Values; A set of principles that the company use to form their working culture

- Both Long terms and short terms plan that can be executed to sustain its operation.

8 0
3 years ago
As a politician, you would be more inclined to propose an increase in the minimum wage when you believe that the new minimum wag
scoundrel [369]
The answer is c. Be equal to the equilibrium wage.
3 0
3 years ago
So why it is a ration decision to make sure the marginal benefits outweighs the marginal costs? (Be detailed, you can use exampl
Rzqust [24]

Answer:

For the business to make profits

Explanation:

Marginals revenue is the additional income realized from the sale of an extra unit. It is the revenue that a firm will gain by selling one more unit of a product or service.

Marginal cost is the expense incurred in the production of one more unit of a product.  A business compares marginal revenue to marginal cost to decide if it will cease or continue with production and selling activities.

For a business to continue selling and make profits, marginal revenue must be greater than the marginal cost. In other words, the revenue realized by selling one extra unit must exceed the cost of producing that item. Selling one more unit when the marginal cost is more than the marginal revenue will result in a loss.

If the marginal revenue from a computer is $40 and the marginal cost is $50,  selling on extra computer results in a loss of $10. But if the marginal revenue from the same computer is $60, the sale on one more unit will be a gain of $10.

6 0
3 years ago
What are long-term decisions that set the direction for the entire organization called?a. Tactical b. Operational c. Directional
kvv77 [185]

Answer:

The correct answer is letter "E": Strategic.

Explanation:

Strategic decisions imply analyzing what direction is the overall company going to take in the long run. It represents the groups of decisions high-rank executives must take to conduct the operations of the firm, the resources that will be used and how they will combine those factors to reach the organization's objectives.

8 0
3 years ago
Without specifics, a goal isn't very_____.<br><br> motivating<br> accurate<br> needed<br> useful
Vlad1618 [11]
Accurate. PLEASE GIVE ME BRAINIEST
6 0
3 years ago
Other questions:
  • Simple teasing, offhand comments, and isolated incidents that are not very serious are not
    9·1 answer
  • Assuming no employees are subject to ceilings for their earnings, Harris Company has the following information for the pay perio
    9·1 answer
  • Kenyi is writing a research paper comparing health care in the United States and Canada. What type of resource will most
    14·1 answer
  • Restrictions on the quantity of goods that can enter a country
    5·1 answer
  • Money's power to buy goods and services changes ________.
    15·1 answer
  • :- How might U.S. pharmaceutical companies and U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
    12·1 answer
  • How does online retail have the potential to further complicate the issues already presented by the virus?
    6·1 answer
  • The Organic Towel Company (OTC) employs 400 workers at its facility in Liverpool, England, where the firm has been manufacturing
    7·1 answer
  • Ray's Pizzeria is considering the addition of a 5th worker if this increases profit. Pizza sales increased from 300 per day to 3
    8·1 answer
  • A s.w.o.t. analysis includes? opportunities. threats. all of these are included in a s.w.o.t analysis. strengths. weaknesses.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!