Answer:
b. One advantage to forming a corporation is that the owners of the firm have limited liability.
Explanation:
Every equity shareholder has this advantage that he cannot be called off, in case of any liability in the company, as the company stands liable and not the shareholder, whereas in partnership or proprietorship even all the partners can be called off to meet the liability personally, in case of any failure from the firm.
Though firms have tax advantage, but this is the disadvantage to the firm that the liabilities are unlimited.
An example of <u>possession</u> utility involves intermediaries shipping goods to buyers of a product.
Possession utility speaks to the actual act of product possession — which includes consumers riding a new automobile off the lot or having furniture added to their domestic. It also highlights the connection between ownership and purpose.
There are 4 one-of-a-kind forms of software: form application, place utility, time software, and ownership application. The quantity to which those utilities affect buy choices depends on the individual.
Ownership utility is the value derived from a product that incorporates the whole possession utility of the product with a preference to apply the product right now and for any motive.
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Answer:
Harry is NOT considered to be part of US labour force
Explanation:
The labour force as we know is made up of employed people and unemployed people. But, in some cases, some people or group are excluded automatically on basis of demographics and others excluded on the basis of the decision they make.
The Military which Harry is a part of is one of those groups that are automatically excluded from being in the labour force. This is because the military personnel are not considered to he part of the resources available for productive activities. Also, the employment rules in the military differs from the mainstream employment rules we know governing other bodies. Military personnel has no effect on productivity levels within the country. Hence, the reason why they are not considered as part of the labour force.
