Answer:
1.which of the following is a type of business structure?
a. sole proprietorship
b. partnership
c. corporation
<em>d. all of the above </em>
2.location, utilities, employees and suppliers are all examples of costs.
<em>true</em> or false
3.revenue is the money that flows into your company.
<em>true </em>or false
4. how can you determine if a company is profitable?
<em>a. by subtracting it’s expensive from its revenue </em>
b. by looking at its revenue only
c. by asking the employees
d. by looking at expenses only
5. define ethics
<em>a. The discipline dealing with what is good and bad and with moral duty and obligation </em>
b. always being good
c. following the rules
d. what country you are from
7. consumers have no responsibility related to their right
true or <em>false</em>
Answer:
C. There are more substitutes for Cheerios than for cereals as a whole
Explanation:
Since in the question it is given that the demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole as because there are more substitutes for Cheerios as compare to cereals because in the case of substitute goods, there is a positive relationship between the price of good B and the demand of good A. It means if the price of good B decline. then the demand of good A is decreases and vice versa
<span>Assesses the attractiveness of an SBU's market and the strength of its position in the market.</span>
If capacity is expensive and inventory is cheap, a good reason to hold inventory is to level load capacity by using inventory as a buffer between demand variability and capacity utilization-<u>The statement is true</u>
Explanation:
<u>Capacity management</u> can be defined as the act of management to ensure maximization of the product output and the potential activities associated with production,under all the given circumstances
The<u> capacity of a business measures</u> how much the business can achieve, produce, or sell within a given time period.It refers to the maximum output rate a company can produce
<u>Load capacity</u> is use to define the maximum demand, stress, or load that can be placed/leveled on a given system under normal or specified conditions for an extended period of time.
Answer: c. Kidman recognizes a $1,000 LTCG
Explanation:
Long term gain can be calculated by the formula:
Capital gain = Distribution received - Basis in stock - Ordinary income earned
= 75,000 - 24,000 - 50,000
= $1,000
Long Term Capital gain is therefore $1,000.
