1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KengaRu [80]
3 years ago
5

1.What is business? Explain its characteristics.​

Business
1 answer:
jek_recluse [69]3 years ago
8 0

Answer:

Business is an organization where goods and services are exchanged for one another or for money to make a profit, every business needs some form of investment and enough customers to sell product to.

the major characteristics are:

1. Exchange of goods and services

2. Deals in numerous transactions

3. Profit is the main objective

4. Business skills  for economic success

5. risks and uncertainties

6. marketing and Distribution of goods

7. Sale to satisfy human wants

Explanation:

You might be interested in
The corporate charter of Torres Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. D
Ratling [72]

Answer: 2,080,000 shares

Explanation:

The question states that 2,080,000 shares were issued at a price of $15 per share so this will be the number of shares issued.

Shares issued are those shares that were actually sold by the company from the number of Authorized shares and quite often they will be less than the number of Authorized shares allowed.

5 0
3 years ago
I’m Thirsty!
Alisiya [41]
Im thirsty too! Go get a cup of water
8 0
3 years ago
Read 2 more answers
", describe the ways in which Volkswagen did not fulfill the requirements of effective corporate governance. In one or two parag
Zielflug [23.3K]

Answer: Volkswagen Emission scandal

Explanation: The Supervisory Board should be “responsible for monitoring the Management and approving important corporate decisions , however “investors and governance experts say the emissions scandal shows that it lacks the independence and authority to do this” .

1nternal Controls

Many officials at Volkswagen were unaware of any wrongdoing, although this suggests the company can be salvaged and there are people at the top that can help turn this back around. It does also highlight the need for serious improvement in terms of the firm's internal controls. For issues on a scale as large as this, there should be a sound whistle blowing system in place to alert the correct people of such instances, so action can be taken before any issue further escalates

7 0
3 years ago
Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your
strojnjashka [21]

Answer:

Yes, once I was working in a clothing retail store as a manager and my company wanted to expand their business by opening another outlet. We had two locations in out mind but the funds were enough to open only one. After a thorough analysis we decided to open it near the central station of the city.

The opportunity cost of the decision is the income lost from the other location that was near the biggest mall of he city. The only reason behind choosing the first alternative is the potential footfall near the location.

5 0
3 years ago
You think this intensive production schedule will deplete the nutrients in the soil, which ensure good wheat. Does this matter i
katovenus [111]
Yes, it matters very much. The crops that will plant on our farmlands ought to be rotated in such a way that the soil fertility will be maximized. If the nutrients in the soil are depleted, the soil will become infertile and the yields that a farmer will get from his planting will be drastically low. Thus, it is important to protect soil nutrients at all time during planting operation.
7 0
3 years ago
Read 2 more answers
Other questions:
  • Mariano helped lauren sell​ __________ business, which she had started only ten years ago.
    14·1 answer
  • Dominic and Morgan are partners. Dominic has a capital balance of $360,000 and Morgan has a capital balance of $265,000. Morgan
    12·1 answer
  • Navajo Corporation traded a used truck (cost $25,000, accumulated depreciation $22,500) for a small computer worth $4,125. Navaj
    7·1 answer
  • Who would most likely approve the marketing plan for a large business
    9·2 answers
  • The intuition behind the MSE metric to evaluate old forecasts is to sum up the forecast errors. to sum up the squared forecast e
    13·1 answer
  • Given a normal market supply curve for mp3 players, if the nightly news reports that loud music increases hearing loss, then the
    8·1 answer
  • Zoro Inc., a consumer electronics company, does not store any of its materials in the warehouse. Instead, the company's procurem
    15·1 answer
  • Davison Company determined that the book basis of its net accounts receivable was less than thetax basis of its net accounts rec
    10·1 answer
  • How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?
    14·1 answer
  • PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!