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ratelena [41]
3 years ago
14

The three legal forms of business ownership are _____. A. Sole proprietorship, partnership, and franchise b. Sole proprietorship

, franchise, and corporation c. Partnership, franchise, and corporation d. Partnership, sole proprietorship, and corporation Please select the best answer from the choices provided A B C D.
Business
1 answer:
melomori [17]3 years ago
7 0

The correct statement is that the forms of business like Sole proprietorship, partnership and corporation are forms of ownership. So, the correct option is D.

The franchise business form does not give the franchisee an ownership of the business, rather, it gives the franchisee a license to operate its business for such time.

<h3>Forms of Business Organization</h3>

  • Forms of business organization is an establishment of an artificial individual person to conduct business with an intention to share profits and losses, if any.

  • A sole proprietorship is such form of business where the control, ownership and management of an organization is in the hands of a sole owner.

  • A partnership is an establishment of two or more individual into an agreement of conducting business with a view to share profits in a predetermined proportion.

  • A corporation is of two types - private and public. A private corporation is an establishment having at least two members holding share in the company.

Hence, the correct option is D that the three legal forms of business ownership are partnership, sole proprietorship and corporation.

Learn more about forms of business organization here:

brainly.com/question/1167298

You might be interested in
Suppose you invest in 100 shares of Harley- Davidson (HOG) at $40 per share and 230 shares of Yahoo(YHOO) at $25 per share. If t
masha68 [24]

Answer:

option (D) - 1.54%

Explanation:

Number of share of Harley- Davidson (HOG) = 100

Number of share of Yahoo(YHOO) = 230

Purchase price of share of Harley- Davidson (HOG)  = $40 per share

Purchase price of of share of Yahoo(YHOO)  = $25 per share

Final price of the share  of Harley- Davidson (HOG) = $50

Increase in price of the share  of Harley- Davidson (HOG) = $50 - $40 = $10

Final price of the share  of Yahoo(YHOO) = $20

Increase in price of the share  of Yahoo(YHOO) = $20 - $25 = - $5

here, negative sign means the loss

Now,

Total amount invested = 100 × $40 + 230 × $25

= 4,000 + 5,750

= $9,750

also,

Total net gain from shares = $10 × 100 - $5 × 230

= 1,000 - 1,150

= -150

return on your portfolio = \frac{\textup{Net gain }}{\textup{Amount invested}}\times100\%

= \frac{\textup{-150}}{\textup{9,750}}\times100\%

= - 1.538% ≈ - 1.54%

option (D) - 1.54%

4 0
4 years ago
The elasticity of supply measures how responsive:
slega [8]

Answer:

the quantity supplied is to a change in price. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price

Elasticity of supply = percentage change in quantity supplied/ percentage change in price

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

Supply is inelastic if a small change in price has little or no effect on quantity supplied.

Supply is unit elastic if a small change in price has a proportional equal effect on quantity supplied.

I hope my answer helps you

8 0
3 years ago
As the director of sales for your hotel, you earn a 0.5% commission on total sales from your sales team. Assuming there are 3 sa
tensa zangetsu [6.8K]

Answer: $2,085

Explanation:

Average monthly sales by the three salesperson are;

$125,000

$144,000

$148,000

Therefore, average total monthly sales by the three salesperson equals;

$125,000+$144,000+$148,000 = $417,000

Average total sales per month = $417,000

Monthly commission percentage = 0.5%

Monthly commission = 0.5% × 417,000

(0.5 ×417000) ÷ 100

208500 ÷ 100 = $2085

Monthly commission = $2,085

7 0
4 years ago
The county supervisor is considering building a community pool and has gathered data on how much residents are willing to pay. H
Lesechka [4]

Answer:

C. cost-benefit analysis

Explanation:

Cost - benefit analysis -

It is the method to analyse any decision in a very brief manner , is referred to as cost - benefit analysis .

The cost of the complete business or the project is calculated and analysed with the actual cost used for it .

The method is done with the help of certain models , data , records etc. in order to analyse even the minute details in a proper manner .

Hence , from the given scenario of the question ,

The correct answer is C. cost-benefit analysis .

4 0
3 years ago
Shania offers to sell her lakefront property to Tonya for $150,000, and Tonya agrees to buy it. Tonya and Shania both sign the r
Lina20 [59]

Some of the likely things which a court would do if Tonya sues to enforce the contract are:

  • 1. X not enforce the contract, because people are free to choose to whom they sell their property.
  • 2. award monetary damages to Tonya.
  • 3. require Shania to go through with the sale.
  • 4. X grant specific performance by requiring Shania to find a comparable piece of land for Tonya at a comparable price.

<h3>What is a Contract?</h3>

This refers to the legally binding agreement which is entered by two or more parties based on terms and conditions.

With this in mind, we can see that because Shania wants to sell her lakefront to Tonya for $150,000 and they sign a contract but before they close the deal, Shania discovers that the property prices would go up and declines to sell.

In conclusion, if Tonya sues to enforce the contract, we can see that the contract would not be enforced, but Tonya would be paid monetary damages.

Read more about contract here:

brainly.com/question/984979

8 0
2 years ago
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