Answer:
There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.
Answer:
Statement (A) is NOT correct.
Explanation:
(A) This statement is not correct.
A P-chart is basically used to control or check for odd situations or defective items in a group. In this case (or statement), nothing represents defectiveness, instead the company wants to check for average satisfaction in future samples.
(B) This statement is correct.
Time frame = 30 days; Temperature range = -30°C - 100°C
So the lab assistant measured the temperature of the specimen for each of the 30 days. The recorded data can be used to track the average temperature for future samples of that specimen. X-bar charts are used to track the mean or average of processes that occur within a time frame; from the present time to a future time or from a given specimen to another.
(C) Correct.
Another name for fishbone diagram is Ishikawa Diagram. This diagram comes in the shape of a fish.
(D) Correct.
Another name for Cause & Effect Diagram is Ishikawa Diagram. This simple diagram is used to show the causes of a phenomenon and the effects of same phenomenon.
<span>The value of $70.00 invested each year for five years, at an annual interest rate of 3% is as follows, and assumes the interest is left in the account at the end of each year.
Principal Interest balance at end of year
Year 1 $ 70.00 $ 2.10 $ 72.10
Year 2 $142.10 $ 4.20 $146.30
Year 3 $216.30 $ 6.49 $222.79
Year 4 $292.79 $ 8.79 $301.58
Year 5 $371.58 $11.14 $382.72 - final value at the end of five years</span>
<u>Explanation:</u>
Business environment refers to the factors pertaining to internal or external to the organisation that affects the working of the organisation. The environment provides threats and challenges for the business organisations. So the business organisations should know about their environment to smoothly function the business activities.
Economic environment means the economic situation in a country that affects the business and consumer behavior in a country. The performance of the organisation can be affected by the buying pattern of the consumers. Economic environment is an external and macro environment factor which affects the business.