The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business. Higher take-home pay.
Tax relief on business expenses.
Greater opportunity for tax planning.
Total control of your business and name.
One company for all your business interests.
Limited liability and protection of personal assets.
Answer:
C. Governments have a difficult time fine-tuning the economy by using fiscal policy because there are several time lags and these are often variable.
Explanation:
Fiscal policy includes two important tools, one is taxation and the other is government spending, the balance of which is essential for the sustainable economy, however the collection of expected tax and the nature of spending (also include the priorities) takes time and certain variable factors e.g. economic growth (GDP), employment, inflation, etc makes it difficult for the government to fine tune the economy.
Answer:
Attributes of an effective organization structure are given below.
1. An effective organizational structure facilitates attainment of objectives through proper coordination of all activities
2. In a effective organizational structure, the conflicts between individuals over jurisdiction are kept to a minimum
3. It eliminates overlapping and duplication of work.
4. It decreases likelihood of runarounds
5. It facilitates promotions of personnel
6. It aids in wage and salary administration
7. Communication is easier at all levels of organizational hierarchy
8. A well-structured organization provides a sound basis for effective planning
9. It results in increased cooperation and a sense of pride among members of the organization
10. It encourages creativity
Answer: High income countries with larger governments as a share of GDP have generally grown at a slower rate than the countries with smaller governments.
Explanation: Developing countries or countries with less money typically grow at a faster rate than higher income countries because returns related to capital are not as strong. In richer countries, they have higher capital and tend to grow at a slower rate.
Answer:
A. Volatility
Explanation:
Volatility refers to high level of fluctuations with little or no consistency. It also refers to the variation in an activity with no constancy.
In the given case, Andrew keeps on swapping jobs within a short duration of time, and in varied fields of little similarity. This conveys a high degree of volatility in Andrew's work habits since he is unable to stick to one job or a field of job.
The changes in his employment structure reveal a pattern of high level of deviations, fluctuations referred to as Volatility.
