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.
The answer to your question is .)
Answer:
The question you have provided is missing important information needed for the calculation of break even point.
However step by step approach for the calculation of the break even point is given below :
Understand what break even point is :
Break even point is the level of operation where a Company neither makes a profit nor a loss.
Break even point in units calculation :
<em>Break even point in units calculation = Fixed Costs for the Period ÷ Contribution per unit</em>
Where, <em>Contribution per unit = Selling Price per Unit less Variable Cost (Manufacturing and Non Manufacturing) per unit</em>
Conclusion :
At Break Even Point level,Total Contribution will equal Total Fixed Cost (thus no profit nor loss)
The only data the question provided is :
Fixec Cost - $305,000
Answer:
A. incorporates both financial and operational performance measures
Explanation:
The balance score card is the score card which represents the pattern of the performance through which the company can take the actions, decisions, according to that.
It can incorporates both financial and operational performance measures. The financial could be in terms of profits, past results, solvency, liquidity, repayment, etc
While the operational could be in terms of providing the best service which gives the maximum satisfaction to the customer and at the same time it also determine the efficiency of the day to day operations
Answer: C. It gives the project manager authority.
Explanation:
A project charter is referred to as a formal document that describes what a project will be about. It shows the project objectives, how it will be done, the stakeholders etc
The project charter is used to formally outline a project and authorize it in an organization. It covers the scope of the project, budget, risks involved etc.
Therefore, the correct option is C