Answer:
The statement is: True.
Explanation:
Sole proprietorships are businesses where the owner is the only individual in charge of the entity and the operations. This type of entity is easy to create and dismantle because there are not many regulations for them. The sole proprietor does not pay corporate taxes since the business income is included in the personal tax return the owner sends to the <em>Internal Revenue Service</em> (IRS).
<em>Sole proprietorships represented approximately 73% of businesses in the U.S. during 2011, according to the Census Bureau.</em>
Due to thinking he's the best, Donald has a high level of: <u>N</u><u>arcissism</u>
Answer:
(C) the cost of corporate advertising aired during the Super Bowl.
Explanation:
Fixed costs are the amount a business spends in the process of producing, promoting and distribution big it's products. In this scenario all the stores of Higado Confectionery Corporation will benefit from advertisements during the Super Bowl, so it will be a shared cost.
Also there will be a fixed amount that will be spent yearly on this, so it is a fixed cost for the stores, and will be reflected in the income statement as such.
A substitute is a good that is seen as relatively equal to another good in consumption. Rice is a staple grain for many people and viewed as an alternative to past. When the price of rice increases, more people will want to buy spaghetti as it is a cheaper alternative, all else being equal;. which will shift the demand curve to the right.
A complement is a good that is often consumed with another good. Spaghetti and meatballs is a common dish, the two goods are often served together. A decrease in the price of meatballs would likely increase the demand for meatballs and the demand for spaghetti. This will also shift the demand curve to the right.
The supply curve for spaghetti is unaffected as this news does not impact the process of production or the price of its inputs.
To obtain (goods or a service) from an outside or foreign supplier.