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irina [24]
2 years ago
9

The vast majority of for-profit businesses in the United States operate as which of the following?

Business
1 answer:
kykrilka [37]2 years ago
5 0

Answer:

a. Sole proprietorships

Explanation:

Sole proprietorships are the most common for-profit business type in the United States.

A sole proprietorship is a business entity that has only one owner, and for which, no accounting and legal distinction exist between the business entity and the owner.

This means that the business entity and the owner are taxed under the same terms, and that the owner has unlimited responsability for the sole proprietorship business. For example, in case of bankruptcy, the owner may have to respond to creditors with his own personal wealth.

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. In the short run, a firm operating in a competitive industry will shut down if price is a. less than average total cost. b. gr
earnstyle [38]

Answer:

The answer is: D) less than average variable cost.

Explanation:

If a company shuts down its production temporarily (not permanently), it will stop receiving revenue from the goods it used to produce but at the same time it will not be spending any money on variable costs. The company will suffer losses equivalent to its fixed costs (e.g. depreciation costs, rent, etc.).

A company decides to shut down its production when the revenue it receives from selling its products doesn't even cover their variable costs. That means it is losing money by producing its goods.

7 0
2 years ago
Bonnie is writing a growth plan for her bicycle repair shop. She wants to pay off the loan for the building she uses for her bus
kati45 [8]

Answer:

Financial goals

Explanation:

3 0
3 years ago
Each scenario below illustrates a basic underlying principle of economics of how economies work through the interactions of indi
vladimir1956 [14]

Answer:

The correct answer is: market efficiency; government intervention; specialization; equilibrium.

Explanation:

The owner of the snow cones realizes that the demand for snow cones has decreased in winter, and thus, closes shop to open back. This is an example of market efficiency.  

The local river is being polluted too much because of the amount of chemicals being dumped in the river. The government puts regulation on the amount of chemicals being dumped. This is an example of government intervention in the economy.  

At a restaurant one chef is placed at the vegetable station, one chef is at meat station, and one is to plate the food. This an example of specialization the management is placing chef that specializes in vegetable, meat and in plating at their respective positions.

The favorable whether leads to increase in supply of oranges. This causes a rightward shift in supply curve. The price of oranges fall as a result. This is an example of change in equilibrium.

3 0
3 years ago
Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors sent out an email cont
romanna [79]

Answer:

Downward communication

Explanation:

Downward communication in a formal structure is the flow of information in terms of orders, appreciation, encouragement from higher authority to subordinates across the organization.

Upward communication in the form of feedback and problems flow from lower level employees to upper level. Here, the board of directors are top level employees who have passed the message to the employees to raise the level of service. This is a form of downward communication.

4 0
3 years ago
PLEASE HELP QUICK I AM STUCK. IT WOULD REALLY MAKE MY DAY. I WILL MARK BRAINLIEST!!
Vladimir [108]

1 : D

2: A

3: B

4: C

5: C

6: A

7: C

8: C

Hope this helps u brainliest is appreciated

~lexy

5 0
3 years ago
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