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3 years ago

Classify this form of business:

Business

1 answer:

Viktor [21]3 years ago

7 0

Answer:

Limited Liability Partnership / Limited Liability Company.

Explanation:

Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.

Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.

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In a market system, scarce goods are allocated by multiple choice 1 market prices that are determined by consumers and producers

kirill115 [55]

In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Therefore, Option C is the correct choice.

<h3>What is allocation of scarce resources?</h3>

Resource allocation is the assignment of available sources to diverse uses. In the context of a whole economy, sources may be allotted with the aid of using diverse means, inclusive of markets, or planning.

Therefore, In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Option C is the correct choice.

Learn more about allocation of scarce resources here:

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7 0

2 years ago

Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma

ladessa [460]

Answer:

Caroline to choose right

Antonio chooses left and Caroline chooses right.

Explanation:

Interpreting the payoff matrix:

Both choose right:

Antonio receives 3, Caroline receives 7

Both choose left:

Antonio receives 4, Carolina receives 6

Caroline chooses left, Antonio chooses right:

Antonio receives 7, Caroline receives 5

Caroline chooses right, Antonio chooses left:

Antonio receives 6, Caroline receives 8

As we can see, Antonio only has a better payoff then Caroline if she chooses left and he chooses right. Therefore, the dominant strategy is for Caroline to choose right, this way she will always have the greater payoff.

If Antonio chooses right, the outcome may alter depending on the outcome, therefore it is not a Nash Equilibrium. However, if Antonio chooses left, no matter what Caroline chooses, she will have the greater payoff. At the same time, if Caroline chooses right, Antonio cannot change the outcome by changing his strategy. Therefore, the outcome reflecting the unique Nash equilibrium in this game is as follows: Antonio chooses left and Caroline chooses right.

8 0

4 years ago

At the beginning of the year, a company predicts total overhead costs of $770,100. The company applies overhead using machine ho

Tanzania [10]

Answer:

$12,240

Explanation:

For the computation of the amount of overhead first we need to find out the predetermined overhead rate which is shown below:-

Predetermined overhead rate = Overhead cost ÷ Machine hours

= $770,100 ÷ 1,510

= $510

Amount of overhead should be applied to Job 65A = Predetermined overhead rate × Machine hours during January

= $510 × 24

= $12,240

We simply applied the above formula

6 0

4 years ago

Which of the following statements is most correct? A. KSFs are often necessary, but not sufficient for competitive advantage.B

anzhelika [568]

Answer:

A. KSFs are often necessary, but not sufficient for competitive advantage.

Explanation:

KSF

Key Success Factors (KSFs) represent business functions, practices or business activities as defined or seen by the customers or the market as being important or crucial to the development of consumer/business relationship.

KSFs represent areas organisations are to attend to based on the views of the market in order to achieve their goals. It could be in form strengths to maximize, weaknesses to address, aspects to take advantage of among others.

It becomes obvious that although important (from the view of the market or consumers who patronize the business), a business must makes its own due diligence in form of SWOT analysis among others to have the required competitive advantage.

4 0

4 years ago

Compared to basic savings accounts, CDs are --------- liquid and have ----- interest rates.

Leto [7]

CD stands for Certificate of Deposit.

Compared to basic savings accounts, CDs are less liquid and have higher interest rates.CDs often offer you a higher interest rate upfront, if you’re willing to leave your money alone for a set amount of time

The term liquidity denotes the degree to which an asset can be bought or sold in the market without affecting the asset's price.

8 0

4 years ago

Read 2 more answers