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3 years ago

Do you know, and can you describe, the three principal ways a for-profit business might legally organize?

Business

1 answer:

Lostsunrise [7]3 years ago

4 0

Answer:

1. Sole Proprietorship

2. Limited Liability Company (LLC)

3. Corporation

Explanation:

1. Sole Proprietorship - This is also called a one-man business. It could be your small neighbourhood store and so on. It is usually owned and run by the same person. The owner has unlimited liability and thus can lose his/her personal properties where the business is in debt.

2. Limited Liability Company (LLC) - these are private limited liability companies, and as name implies, the liability of its members is limited to the amount they contribute to the business. The Company is a legal entity and can own, buy and sell properties in its name

3. Corporation - This is a public company, its share is quoted on the stock exchange and can be freely traded. The ownership (shareholders) of the public corporation is different from those who run them (management). The Company is a legal entity and can own, buy and sell properties in its name

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If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids. What is the change in quan

Ad libitum [116K]

Answer:

Explanation:

At the price of $24, the demand is 36

At the price of $30, the demand is 24

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= 36-24

= 12

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3 years ago

When a company sells multiple products, an increase in total sales always results in an increase in total profits.

nevsk [136]

Hindsight is a wonderful thing in any business, or in life in general. We could make the best business decisions and maximise earnings if we had access to a crystal ball that could tell us exactly how many people would buy our goods.

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2 years ago

A(n) ________ bank is an institution, such as Credit Suisse First Boston, that acts as an underwriter or agent for a firm engage

Orlov [11]

Answer:

Public bank

Explanation:

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3 years ago

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tiny-mole [99]

If its true or false question then true i think.

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3 years ago

Steven lives in a big city where there is a shortage of parking. He has a parking spot in his driveway where he parks his car. W

DENIUS [597]

Answer:

The correct answer is option C.

Explanation:

The opportunity cost of any economic decision is the cost of giving up its alternative. We are aware that we have limited resources with alternative uses and we have to use these resources to satisfy alternative needs and wants. In order to increase spending resources on one thing, we need to decrease spending on its alternative.

Here, the parking spot on the driveway can be used for personal use or can be used for renting. The opportunity cost of using the spot for personal parking is the money that could have been earned by renting it to others.

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3 years ago