The pencils would be considered a Business.
What is a Business?
An organisation or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business is defined as a profession or trade that involves buying and selling goods and services with the intention of making a profit. Farming is a prime example of a business. A home sale is an illustration of commerce.
Different Business Structures
- Sole proprietorship. A sole proprietorship is the most common type of business structure.
- Limited liability company.
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Answer:
A) analytical procedures
Explanation:
Analytical procedures are used by auditors as evidence to try find any indications that the financial records of their clients may have any problems like incorrect records due to accounting errors or fraudulent activity.
Different sets of financial and operational activity are compared to see if they remain constant during time or follow a historical certain pattern.
Answer: $500
Explanation:
The payoff will be calculated thus:
Revenue = Unit demanded × Selling price = 160 × $35 = $5600
Expenses will be:
= Total purchase expense + Rent
= (220 × $15) + $1800
= $3300 + $1800
= $5100
Payoff will now be:
= Revenue - Expense.
= $5600 - $5100
= $500
The answer to this question is <span>the international division of labor
</span><span>the international division of labor refers to the system that divide people into several groups that handle only specific task according to their expertise.
This division allow organizations to handles broader aspects of their operation which eventually lead to better wuality of products</span>