Answer:
- Sole Proprietorship: The business concept that would be suitable for this type of business would be a roadside Fruit Juice Processing business. This involves different blends of organic fruits being blended into one smooth syrup sometimes called a smoothie.
This type of business is better registered under a Sole Proprietorship because, it is almost always carried out by those who are self-employed.
Pros:
- It is easy to set up and has low operational and corporate cost
- It enjoys zero corporate business taxes
- they are not required to submit annual filings
Cons:
- The liability is unlimited and unrestricted. This means if there is litigation against the business, the business owner if found culpable will have to defray all amounts due even with his or her personal assets if the business is unable to meet that obligation
- This type of business structure will find it difficult to raise money due to the potential liability exposure
- Also the sole proprietor may be unable to take on business debt
2. A Limited Liability Corporation: The business concept that would be suitable for this type of entity is a Fast Food Franchise like Tastee Fried Chicken. This sort of business will involve processing chicken and other kinds of foods into wholesome dishes.
Percents can show how much of the money transferred was expense, profit, and so on. it can show an increase or decrease in sales. it can also show demographics of consumers.
Answer:
Qualitative data
Explanation:
Qualitative data is one that is used to characterise and categorise attributed of a population, as such it does not involve the use of numbers.
For example sex, state of origin, citizenship, name, and so on.
On the other hand the other options can be expressed as numbers. That is Personal Information, Target Market Data, and Quantitative data.
Basically qualitative data is descriptive rather than quantitative
Answer:
B) Firms increase inventory because there is a risk of interruptions in the flow of production due to unreliable or highly variable process outcomes
Explanation:
Answer:
A. remain constant on a per-unit basis but change in total based on activity level
Explanation:
In the short run, variable costs only vary according to the total output of the company. E.g. a company's variable cost of manufacturing product X is $10 per unit. If it produces 10,000 units, total variable costs will = $10 x 10,000 = $100,000.
In the long run variable costs will probably vary because production processes will also vary or the cost of inputs change.