Answer:
The industral revolution made that possible
There are a few characteristics that total institutions have in common with one another. For Goffman, the most significant characteristic of total institutions is that they all involve a kind of separation from the rest of society.
Answer: Option E
Explanation: In simple words, break even point refers to that level of production and sales at which the total cost incurred and the revenue earned by a firm is equal. In other words, it can be understood as no profit no loss situation.
It is computed by dividing the contribution proportion in the sales from the fixed cost that are to be incurred.
Hence from the above we can conclude that the correct option is E.
Limited liability can best be defined as the legal provision that "shields owners of a corporation from losing more than what they invested in a firm".
<u>Option:</u> C
<u>Explanation:</u>
Limited liability is basically where the monetary obligation of an individual is restricted to a fixed sum, most generally the amount of an investment of an individual in a business or partnership. If a limited liability corporation is sued then the plaintiffs sue the company, not its shareholders or investors.
Limited liability covers a proprietor so he or she can't lose more money than he or she has invested in a company. In other terms it refers to the amount of risk that an investor takes when investing in an organization.
