Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.
However, there are still some business that are running on a smaller scale and have unlimited liability.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
Answer:
The statement is: True.
Explanation:
Ethics is the field of philosophy that studies human behavior, what is right and what is wrong, the good and bad, the moral, well being, virtue, happiness, and duty and how they affect the day by day activities of individuals according to the society they live in.
One of the reasons to study ethics is to verify if the beliefs we already hold can be justified.
The answer is D
Explanation: I took this quiz before
