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3 years ago

What are the three basic types business organizations? *

Business

1 answer:

Elenna [48]3 years ago

4 0

Answer:

Sole Proprietorships, Partnership and Corporation

Explanation:

Sole proprietorships businesses are the most common and simple type of business ownership. They are owned by one person. Legally, the business and the person are considered as a single entity. The owner enjoys all the profits by themselves and suffers the losses alone.

Partnerships require two or more individuals to combine their resources, time, and effort in creating a business. Partnerships are mostly started by friends or family members with similar business objectives. A partnership is easy to forms. The firm passes its income as the income of partners.

A corporation requires the preparation of some legal documents to register. A corporation is considered a distinct entity from its owners. It enjoys commercial rights to own assets, incur expenses and liabilities, sue and be sued, and pay its tax obligations. A corporation is suited for large businesses.

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Match each stage in the policy process with its description.a. agenda settingmany different groups will come up with plans to fi

morpeh [17]

A) Agenda Setting: In Agenda setting, a policy formulation problem is recognized. It is then moved to a list of things to do within government.
B) Policy Formulation: Different groups will brainstorm plans to fix the problem.
C) Policy Adopting: At this stage government will adopt the policy, that will be address the problem.
D) Policy evaluation: Government and the general public are given the policy, they review it. It is then that they decide if it should be continued, altered, or cancelled.

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3 years ago

A firm material called lauan placed on a wooden or hollow metal frame, which can be painted and, in addition, have three-dimensi

Blababa [14]

Answer:

Flat

Explanation:

Flats are painted flat piece of theatrical scenery. It is positioned on the stage to give appearance of various backgrounds. Flats are hard covered and soft covered. Usually flats are built in standard size of 2.4 m, 3.0 m and 3.7 m. They are also kept at the sides of stage, when kept at sides it is called wings. Flats are made of wood.

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3 years ago

During regular economic times in Canada, the maximum length of time a worker can collect employment insurance is 26 weeks. Durin

DochEvi [55]

Answer:

a) encourage people to search longer for a job.

c) prolong the amount of time a person stays out of work.

d) increase the number of workers looking for work.

Explanation:

7 0

3 years ago

QUESTION 25 A perfectly competitive firm faces a __________ demand curve. a. downward-sloping b. unit-elastic c. nonlinear d. pe

Alexus [3.1K]

Answer:

The correct answer is letter "D": perfectly elastic.

Explanation:

Perfect Competition is a theoretical market system where competition is at its highest level as possible. Perfectly competitive markets are characterized by:

All companies offer an equivalent product.
All companies are price takers.
All companies have a fairly small market share.
Buyers have full quality and pricing knowledge.
The company has low barriers or no barriers to entering and leaving an industry .

Plotted in a graph, perfectly competitive goods have a horizontal curve. This is because at any given price any quantity can be demanded. Thus, the curve of perfectly competitive firms is perfectly elastic.

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3 years ago

The economic activities that typically produce an intangible product are referred to as A. phantoms. B. goods. C. products. D. s

slava [35]

Answer:

D. services.

Explanation:

Examples of services are financial service, delivery services.

The economic activities that typically produce an tangible product are referred to as goods.

I hope my answer helps you

3 0

3 years ago