Answer:
d. Firms that have to deal with the possibility of price wars often have sticky prices.
Explanation:
Prices are one of the key factors for the demand and supply in any economy.
If the prices are favorable to producers, it is benefit to them, and then they supply a high quantity, whereas the demand decreases.
When a firm tends to believe to have some price wars, basically not the price the supplier wants, or the industry is against the price determined by the supplier then, the firm chooses to use stick price. That the price do not fluctuate, and gets fixed with as the firm is not ready to supply below a certain level of price.
Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same
Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
Not choosing the correct business organization to set up would become very costly for an individual hoping to start operations and this would result in business failure even before the business began operations.
Answer:
It is vital that every fun related environment like the one discussed in the text have an emergency team that handles such cases.
Below are a few steps that I would take to ensure the safety of my guests:
- <em>Diligently Mark out Restricted Areas:</em><em> This is the first step towards establishing a safe environment for guests.</em>
- <em>Ensure the availability of enough Key Staff Members.</em>
- Designate a staff to properly manage ticketing so as to curtail financial losses
- <em>A Lightning Alert System must be installed in the case of emergencies.
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- <em>There must be a standby emergency medical unit just in case of sudden injuries, mechanical/technical error, and other health emergencies that may be life threatening.
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- <em>There has to be a team carefully looking out for the guests.</em>
- <em>Ensure that restricted areas. signs are clearly shown and also put a staff in those sections to curtail any truant behavior by guests.</em>
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<em>No additional costs should be added. The cost of a ticket should cover for all fun and health privileges. Additional costs may lead to a drastic reduction in customer base. The ticket cost should cover for everything.</em>
