Every company needs to have one owner, whose main responsibility is to provide financial support.
<h3>What is an enterprise?</h3>
Organizations or enterprising entities engaged in commercial, industrial, or professional activities are known as businesses. Coordination of some sort of economic production is the aim of a business (of goods or services). Businesses can be profit-oriented businesses or charitable groups promoting a good cause. Businesses range in size and reach from modest local startups to vast international giants.
Business also refers to a person's activities and endeavors that generate and market goods and services for a profit. An idea and a name form the basis of the concept, and in order to determine whether it is possible to turn the idea into a business, extensive market research may be required.
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Based on the balance on the account and the amount purchased, the balance on the Equipment office account was <u>A. Debit $5,090.</u>
The opening balance for the Equipment office account was $4,400 on May 1.
The store then purchased a calculator for the office on May 1 for $690. This will increase the Equipment office account by the same amount.
The balance would therefore be:
= 4,400 + 690
= $5,090
This balance would be a debit as this is an asset.
In conclusion, option A is correct.
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The market share of the business in 2015 is <u>5%</u>.
<h3>What is market share?</h3>
The market share of a business is the portion or percentage of total market size that it controls. For instance, the business in question has 5% market share. This implies that it controls only a small portion of the market where it sells its products.
<h3>Data and Calculations:</h3>
Sales in 2014 = £108,000
Fall of sales in 2015 = 10%
Sales in 2015 = £97,200 ($108,000 x (1 - 10%)
Total market size in 2015 = £1,800,000
The business's market share in 2015 = 5.4% (£97,200/£1,800,000 x 100)
Thus, the market share of the business in 2015 is <u>5%.</u>
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Answer:
Job specialization.
Explanation:
Analyzing the scenario of the question above, it is possible to state that the division of labor related to this team is the division by specialization of labor.
The work subdivision that turns the general task into smaller tasks that will be the responsibility of just one member of the team, is called work specialization. This concept was very widespread by Taylor in scientific administration, as he believed that specialization increases the productivity and efficiency with which tasks are performed.
Becoming an expert in a task means that the employee will have enough competence, knowledge and technique to perform that task more quickly and effectively, which reduces organization costs with training, increases the team's speed, innovation and motivation .
Answer:
B
Explanation:
Money has several functions, one of its principal function is using it as unit of account. By comparing the amount in dollars spent on running a car yearly to annual earnings instead of keeping track in terms of gasoline cost and quarts of oil shows that money has been used as a unit of account.
This means that the amount of gasoline gallons bought and quarts of oil has been essentially replaced by the cost of these purchases and hence avail is the power to use money as a unit of account
