a meeting of people face to face. most of the time when you are in an interview you are applying for a job :)
A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where
- price = marginal cost
- marginal revenue = marginal cost
- marginal benefit = marginal cost
Option D
<u>Explanation:
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All of the options are true.
In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.
It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.
Answer: Partnership Agreement, State Certification, Business name registration, Business bank account name opening.
Explanation:
A limited partnership is a business between two partners; one being the general partner who is accountable for all activities in the business and the other being the Limited Partner who is basically there for the money he invested in the business.
In addition to the tax identification, the Partnership agreement must be drafted so as to clearly describe the structure of the business as well as the role and rights of all partners involved.
The State Certificates which contain details of the business name, and its address as well as the names and addresses of the involved partners and agents is also required. The state would charge a fee to have this certificate registered.
Business Bank Account Name would be needed and it would be recognized as the official account where monies could be paid. An Employer Identification Number is also required if there are employees to be paid.
Business Name Registration - This registration is required when a name which is not the last name of the partners is chosen for the business.
Answer: True
Explanation: According to Rey Pfeffer and Robert Sutton, they both advocated that companies can bolster performance and trump the competition through evidence-based management, an approach to decision making and action that is driven by hard facts rather than half-truths, too much ride on gut instinct or intuition, acting without questioning, beliefs, ideologies, and popular fashions of management practices
listed below are the financial and organizational impact on business and how to overcome barriers to evidence-based management in various organizations:
1. Work is fundamentally different than the rest of life
2. The best organizations have the best people
3. Financial incentives drive company performance
4. Strategy is destiny and great leaders are in control of their companies
