All categories

3 years ago

Will a sole trader ownership stop a business progress?

Business

1 answer:

SOVA2 [1]3 years ago

8 0

Answer:

True

Explanation:

The given statement asserts a true claim that 'having a sole proprietor in a business mars the growth and expansion of the business' and the primary reason behind this is that his/her ability to upraise funds for further expansion is limited but the liability is unlimited. It restricts the person to enhance the business. Secondly,<u> it is extremely difficult for a single individual to manage employees, day-to-day responsibilities, paying debts, etc. and this is why the life of most of such businesses are very short except for a few</u>. Thus, the assertion is true.

You might be interested in

Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000

Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter FIRST SECOND THIRD FOURTH

Production in unit 48000 88000 98000 78000

Raw material per unit 3 3 3 3

=================================================================

Thus,

Need for material = Production in unit × Raw material per unit

=================================================================

Quarter FIRST SECOND THIRD FOURTH

Need for material in production 144,000 264,000 294,000 234,000

Desired ending inventory = 25% of next quarter's production needs for material

==================================================================

ADD:

Desired ending inventory 66000 73500 58500

==================================================================

Total need of material = Need for material in production + Desired ending inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total need of material = 210,000 337,500 352,500

Beginning inventory 38000 66000 73500

==================================================================

Total purchase = Total need of material - Beginning inventory

==================================================================

Quarter FIRST SECOND THIRD FOURTH

Total purchase = 172,000 271,500 279,000

Hence,

The answer is 271,500 pounds

5 0

3 years ago

All of the following are types of operating costs except

makvit [3.9K]

Answer:

B. Equity Capital

Explanation:

I KNOW EVERYTHING

3 0

3 years ago

Suppose that when the average college student's income is $10,000 per year, the annual quantity demanded of Patty's Pizza is 50

kvasek [131]

Answer:

Explanation:

Pizza quantity Change = 60-50 = 10

Income change = $12000 - $10000 = $2000

Mid point of Quantity of Pizza = (50+60)/2 = 55

Mid point of income = ($12000 + $10000)/2 = $11000

Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1

Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity

7 0

3 years ago

Rick Alexander is a master builder who spent three decades running a successful home-restoration business in Connecticut. When h

enyata [817]

Answer:

a. Employed

(As he have a job)

b. Unemployed

(As he doesn't have a job but is looking for one)

c. not in labor force

(He neither have a job nor is looking for a job, so he is not a part of labor force)

d. Unemployed

(As he is looking fir a job)

e. Employed

(As he is working)

7 0

3 years ago

Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr

sveta [45]

Answer: unrealistic performance goals.

Explanation:

The Management of Unipeg Corporation unrealistic sales goals, set for their employees is a reason for the unethical behavior of falsifying figures by their marketers. The unrealistic sales goal set is that every employee sales must get to a certain point or they face penalties, this triggers employee to act unethically.

4 0

3 years ago

Read 2 more answers

Will a sole trader ownership stop a business progress?​

Will a sole trader ownership stop a business progress?