The first step to creating any sort of business is to plan.
Answer : Write a business plan.
Doing so will allow you to know what will happen in what order, so it doesn't all come at you unexpectedly, and this typically makes starting a business much smoother.
Hope this helped! :)
Answer:
The correct answer is letter "C": General Agreement on Tariffs and Trade (GATT).
Explanation:
The General Agreement on Tariffs and Trade (<em>GATT</em>) is a treaty effective from 1948 that pursues fairness when it comes to international trade by reducing tariffs and that promotes equal treatment among countries. The GATT was replaced by the World Trade Organization (<em>WTO</em>) in 1995 under the same objectives but with more participation of the member nations.
Answer: D. Common stock
Explanation:
Common stock refers to the security which represents ownership in a corporation.
The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.
Answer:
c. cease production immediately, because it is incurring a loss.
Explanation:
When a business engages in production it looks to make profit. That is for the production price to be higher than cost incurred in producing the good.
However when the price is lower than the average variable cost as is indicated in the scenario then the firm needs to shut down production in the short term.
Factors that will adversely affect a firm in the short term are price, average total cost, and average variable cost.
Once price is less than average total cost or average variable cost it is better to stop production.
As they are incurring an economic loss
<span>As of 2016, the biggest penalty OSHA can hand out for each willful violation is $126,000. The largest amount previous to that was $70,000. The maximum amount OSHA can collect for repeated violations is also capped at $126,000 as of 2016. OSHA stands for Occupational Safety and Health Administration, and operates as an official agency of the US Department of Labor.</span>
