Answer:
Sole Proprietorship
Explanation:
Sole proprietorship is a form of business in which all liabilities,risks&responsibilities(especially in financial aspect) are being borne by a single individual.The individual may not necessarily be the operational entity in the business as he/she in question can employ employees he/she so desires,but when it comes to structuring,legality&sensitive decisions affecting the business,it is borne solely by the individual.This form of business is devoid of partnership,which explains why the demise of the owner is likely to bring an end to the business.
Answer:
U.S. businesses are known for their technological advances and their ability to implement change;
True
Explanation:
The united States can be described as the pioneer in the free market economy. The free market economy generally means that private businesses control how the market behave with little interference from the government. This allows market forces of supply and demand to take precedence in deciding market prices of goods and services. For example, when the demand for a certain good or service exceeds the supply, the price of that particular good will rise. On the other hand, when the demand for a particular good or service is lower than the supply, the price of the good or service drops. The equilibrium price is the price where the forces of demand and supply balance.
The free market system relies majorly on competition between businesses. Economist like Adam Smith postulated that if a free market runs it's course without interference, the equilibrium price will be ultimately reached. Since in a free market there is a lot of competition, most businesses will have an incentive to improve their technology and also adapt to change faster to gain competitive advantage over it's peers.
Henry Ford was an inventor during the Industrial Revolution, who had ideas that many workers followed. In addition to inventing the Model T and revolutionizing the way Americans transported themselves, he also contributed by creating the assembly line. To mass produce a certain item in the most efficient manner, each worker specialized in making one part, and then would pass it along to the next worker, who would be specialized in making the next part, and so on and so forth.
Answer:
You're working in a table that has three columns and five rows. Since the first row will be a header row, you want it to span all three columns. What formatting feature should you use?
