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ELEN [110]
3 years ago
12

In order to reach profit objectives, entrepreneurs must be aware of their firms':

Business
1 answer:
Vinil7 [7]3 years ago
4 0

The entrepreneurs must be aware of the firm’s overall financial position, in order to determine the amount of finance they need or how much they will be able to use or the limit of their finance. Another thing is, the financial status should also be monitored if there are any progress or changes.

You might be interested in
What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate​ for
Yuri [45]

Answer:

The correct answer is unlimited liability for personal assets.

Explanation:

Both terms can be described as follows:  

Sole Proprietorship: This type of business has only one owner of the firm and he is totally responsible for any liability or loss. Liability can be recovered by acquiring the personal assets of the owner.

Corporation: This type of business can have a number of shareholders and each shareholder has limited liability for any loss in the company. in the case of any loss, the money he invested in the company can be acquired and there is no threat to his personal assets.  

Hence, the chief disadvantage of a sole proprietorship is unlimited liability for personal assets.

4 0
4 years ago
If the monthly rent of a property is $3,000, and the gross rent multiplier (GRM) is 80, what is the value of the property?
notka56 [123]

Answer:

$2,880,000

Explanation:

The formula for the purpose of calculation of gross rent multiplier (GRM) is given as follows:

GRM=Value of the property/Annual rent value

Value of the property=?

GRM=80

Annual rent value=$3,000*12=$36,000

80=value of the property/36,000

value of the property=36,000*80

                                  =$2,880,000

3 0
3 years ago
4.
Helen [10]

Answer: AJ, MT, RD, Jr

Explanation:

Given the following data :

AJ - 16

TM - 23

WF - 23

SW - 22

MT - 15.5

RD - 18.5

Jr - 20

LS - 23

PB - 36

Median salary can be calculated thus :

Arranging salary in ascending order of Magnitude :

15.5, 16, 18.5, 20, 22, 23, 23, 23, 36 (£ thousand)

Meduan salary is the 5th figure in the arrangement = £22 thousand

Therefore, those earning less than the median salary are:

AJ, MT, RD, Jr

5 0
3 years ago
The Crockery Pottery Company completed the flexible budget analysis for the second​ quarter, which is given below.
MariettaO [177]

Answer:

A. increase in sales volume

Explanation:

Base on the scenario been described in the question, the one that would best explain the sales volume variance for sales​ revenue will be increase in sales volume according to the to the table given above

7 0
4 years ago
According to functional job analysis, all jobs require workers to interact with?
Sloan [31]

According to functional job analysis, all jobs require workers to interact with data, people, and things. There are different ways to conduct a functional job analysis, but these ways measure workplace roles through established scales. These scales are usually categorized into seven categories: data, people, things, instruction, reasoning, math, and language.

Functional job analysis is the practice of examining job requirements and assigning a suitable candidate for that job or examining a candidate's qualifications and skills and assigning a suitable job to that candidate. It also works in reverse by not matching the wrong candidate with the job or vice versa. An obvious example is not hiring someone with no hands to do any job that requires lifting things. With only two types of jobs in a small business, this is not a difficult proposition. In a large company with thousands of people doing hundreds of different jobs, it can become a Gordian knot. It is up to the functional job analyst to become Alexander with the sword.

Learn more about functional job analysis:

brainly.com/question/24239905

#SPJ4

3 0
2 years ago
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