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Airida [17]
3 years ago
7

Christian wants to start a business. He is attracted to the idea of being his own boss, Christian wants to start a new business.

He is confident in his abilities, and knows his potential market is strong, so he is not particularly worried about the financial risks. All of these factors suggest that Christian may favor starting his business as a sole proprietorship.True / False.
Business
1 answer:
Katarina [22]3 years ago
4 0

Answer:

Sole proprietorship

Explanation:

A sole proprietorship is an enterprise owned and managed by one person. The owner makes all the important business decisions. He or she may hire workers to assist him in running the daily operations of the business. A sole proprietor enjoys all profit from themselves but also suffers the losses.

This type is business is popular due to the ease in which is can be established.  Christian is most likely to start a sole proprietorship. He will become the boss of his business. Because Christian is sure of his finances, he will overcome the biggest disadvantage of a sole proprietorship, which is unlimited liability.  Christian will be making all critical decisions that allow him to apply his potential and knowledge of the markets.

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(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0
2 years ago
When an offeree changes the terms of an offer, it is called a counteroffer. What happens
Amanda [17]
<h2>Original offer becomes void (nothing).</h2>

Explanation:

Counteroffer: The original offer would have been either rejected or modified with new one.

This gives the original offeror three options:

  • accept the counteroffer,
  • reject it, or
  • make another offer.

Example:

When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing(void)".

7 0
3 years ago
What happens when a bond becomes due?
katen-ka-za [31]
<span>When you buy a bond, you're lending your money to a company or a government (the bond issuer) for a set period of time (the term). The term can be anywhere from a year or less to as long as 30 years. In return, the issuer pays you interest. On the date the bond becomes due (the maturity date), the issuer is supposed to pay back the face value of the bond to you in full.</span>
6 0
3 years ago
Read 2 more answers
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the followin
Tasya [4]

Answer:

See below

Explanation:

The below shows the calculation of variance

Budgeted direct labor (per unit) 0.60

Units 2,000

Budgeted direct total labor (hrs) 1,200

Actual hours 1,160

Standard rate $17

Direct labor efficiency variance

The direct labor efficiency variance

= (Budgeted hours - Actual hours) × Standard rate

= (1,200 - 1,160) × $18

= $720 favourable

7 0
3 years ago
How much something cost is it's ______ value?
Dmitriy789 [7]
How much something cost is it's monetary value.
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3 years ago
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