Answer: This business is a Private Corporation.
Explanation: As the name implies, a private corporation is an organization that is privately owned. Private corporations are capable of issuing stock and having shareholders, but their shares do not trade on public exchanges.
We can see that the company that is described in the scenario above possesses the attributes mentions in the definition.
The company is private because it has been in the family for five generations, also, the managers in the business are hired from within the family.
If three people work for a company:
A, who has worked there for 5 years,
B, who has worked there for 20 years,
and C, who has worked there for 1 year,
B has seniority over A and C, A has seniority over C. In most companies, this would mean that barring other factors, C would be fired first because C has the lowest seniority. <span />
Answer:
The contribution margin per unit is $7
Explanation:
The contribution margin per unit can be defined as the difference between the selling price per unit and the variable cost per unit.
Contribution margin per unit = Selling price - Variable cost
Contribution margin per unit = $12 - $5
Contribution margin per unit = $7
The contribution margin per unit is $7
Bride wealth or bride price
