All categories

3 years ago

Choosing firm goals for your business

Business

2 answers:

Gala2k [10]3 years ago

8 0

D. Eliminates other options is correct. Just took the test.

zmey [24]3 years ago

3 0

The options A, B, & C are correct. Choosing firm goals for your business allows you to diversify as opportunities develop, allows you to be more flexible and prevents you from staying focused.

Further Explanation:

The main goal of the business is to earn profit and survive for a long period. Every entrepreneur wants to succeed in his business. The goal of the business allows to diversify, stay focus and more flexible.

Justification for the correct and incorrect answer:

Allows you to diversify as opportunities develop: This option is correct.

If the firm chooses the goals to allow diversify as opportunities develop. It will increase the profit as the opportunity is grasped by the firm and take advantage of it.

Allows you to be more flexible: This option is correct.

If the firm is more flexible, the firm is more able to achieve its goal. The flexibility maintains the goals and easy to diversify the business.

Prevents you from staying focused: This option is correct.

As the firm is more diversified, the firm can do increase the profit by prevents from stay focused only on one work.

Eliminates other options: This option is incorrect.

This option is not correct, the firm can not eliminate other options. If the firm does this, the firm can not get the available options.

Learn more:

1. Learn more about the demand curve

brainly.com/question/8794304

2. Learn more about the exchange

brainly.com/question/3814456

3. Learn more about economic pie

brainly.com/question/6156396

Answer details:

Grade: Middle School

Subject: Business

Chapter: Goal of the business

Keywords:

firm, the goal of the business, goals for your business allows, you to diversify as opportunities, develop, to be more flexible, and prevents you from staying focused.

You might be interested in

Companies often use several methods to evaluate the project's cash flows and each of them has its benefits and disadvantages. Pl

lukranit [14]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

4 0

3 years ago

When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con

Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0

3 years ago

Which of the following is an example of a variable cost?

kifflom [539]

Answer:

Utilities

Explanation:

Variable costs are expenses that vary proportionately with the changes in production level. Should production level rise, variable costs increases. Variable costs form the majority of the direct cost of production.

Unlike fixed costs, the monthly bill for variable costs will keep fluctuating. In this scenario, utilities represent the variable cost. Expenses on electricity, water and other consumables will vary from time to time. With a high level of production, consumption of power and water will be high.

Rent and insurance cost will remain the same regardless of production level. A professional fee is an overhead expense. It is not an input in the production process.

8 0

3 years ago

Read 2 more answers

An employer pays $90 of a $100 group disability premium, and the employee pays the other $10. The disability benefit under the p

geniusboy [140]

Answer:

the monthly benefit taxable income would be $900

Explanation:

For a Plan of $1,000/month if the employer pays $90 and the employee pays the other $10 of a $100 group disability premium.

after paying the total amount of %100 according to the plan if the employee gets disabled then he will get 90% of the total amount which is taxable income.

5 0

3 years ago

Read 2 more answers

Randolf, a wealthy connoisseur of arts, was invited to an art exhibition. He became very interested in one of the showcased pain

Citrus2011 [14]

Answer:

The answer is A. Mutual mistake

Explanation:

A contract is an agreement ( whether written or verbal ) between two parties that is legally binding.

A mutual mistake occur in a contract when both parties to a contract are mistaken about a material fact. It is a situation where the parties to a contract have identical misconception about a material fact in the contract.

In the explanation given in the contract between Randolf and the Art gallery manager, it is obvious that the art painting that is to be bought and sold was not well clarified by both parties, and the art manager acted based on an invalid assumption.

Hence the correct answer to this question is A. Mutual mistake

7 0

3 years ago

Read 2 more answers