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4 years ago

What are some risks and how do you plan to reduce or eliminate them when having a business

Business

1 answer:

lara [203]4 years ago

6 0

Explanation:

1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.

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in the market place for orange juice we discover that the price of orange juice has increased, yet the quantity of orange juice

Shtirlitz [24]

Answer:

This results from a shift in the supply curve. For example, there is a severe drought that decreases the production of oranges, and therefore, the production of orange juice. The supply curve of orange juice will shift to the left, decreasing the quantity supplied at every price level. This generally increases the price of orange juice and decreases the quantity.

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3 years ago

Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:

True [87]

Answer:

Overheads cost allocated to Mossman Job = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

Machine Maintenance = $153,600/960,000 X 1,500 = $240

Facility Rent = $165,000/110,000 X 70 = $105

Net Overheads cost allocated to Mossman Job = $104 + $240 + $105 = $449

6 0

3 years ago

prejudice would be an example of what factor affecting wages A.) government B.)social attitudes C.) education D.)supply

dolphi86 [110]

When we say prejudice, this means a preconceived judgment about someone or something without basing it on actual information or facts. In this case, prejudice would be an example of social attitude problem and this would affect the factor of social attitudes. The answer would be option B. Hope this helps.

6 0

3 years ago

Read 2 more answers

Define a total system inventory. Multiple choice question. It is the period of time when an unknown amount of inventory is on ha

sweet-ann [11.9K]

Answer:

It is the sum of the inventory held across all of the locations in a company.

Explanation:

Total system inventory is a business term that is used in describing the total sum of the inventory held by a particular company across all of the locations in which that company is situated regardless of whether vacant or rented.

Hence, in this case, the correct answer is option B

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3 years ago

A(n) __________ consists of one person at the top of the organization and many levels of managers who are responsible to that pe

telo118 [61]

The answer is hierarchy.

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4 years ago

What are some risks and how do you plan to reduce or eliminate them when having a business​

What are some risks and how do you plan to reduce or eliminate them when having a business