Goal setting helps motivate a person bye releasing Dopamine of the brain causing a person to strive for what ever they want to accomplish.
Answer:
- Sole Proprietorship: The business concept that would be suitable for this type of business would be a roadside Fruit Juice Processing business. This involves different blends of organic fruits being blended into one smooth syrup sometimes called a smoothie.
This type of business is better registered under a Sole Proprietorship because, it is almost always carried out by those who are self-employed.
Pros:
- It is easy to set up and has low operational and corporate cost
- It enjoys zero corporate business taxes
- they are not required to submit annual filings
Cons:
- The liability is unlimited and unrestricted. This means if there is litigation against the business, the business owner if found culpable will have to defray all amounts due even with his or her personal assets if the business is unable to meet that obligation
- This type of business structure will find it difficult to raise money due to the potential liability exposure
- Also the sole proprietor may be unable to take on business debt
2. A Limited Liability Corporation: The business concept that would be suitable for this type of entity is a Fast Food Franchise like Tastee Fried Chicken. This sort of business will involve processing chicken and other kinds of foods into wholesome dishes.
I’m sorry if this is wrong but I’m pretty certain that the answer is true
Answer:
The correct answer is option B.
Explanation:
The quantity of output produced=3,000 units
The total cost of production is $36,000.
The fixed cost of production is $20,000.
The price of the good is $10.
The variable cost of production will be
=$36,000-$20,000
=$16,000
The total revenue earned is
=$10*3,000
=$30,000
The firm should continue to produce because the revenue is covering the total variable cost.