Unit tax and ad valorem tax are both examples of indirect taxes.A unit tax is a fixed amount of tax levied on each unit of a particular good or service. For example, a $1 tax on each liter of gasoline sold.
In perfect competition, the burden of a unit tax is typically shared between producers and consumers. Initially, the tax is imposed on producers, which increases their production costs. As a result, producers may reduce the quantity supplied, leading to a higher market price. Consequently, consumers bear a portion of the tax burden through the increased prices they pay for the product.
On the other hand, an ad valorem tax is a tax imposed as a percentage of the value of a good or service. For instance, a 10% tax on the selling price of luxury goods. In perfect competition, the burden of an ad valorem tax is borne entirely by consumers. When the tax is imposed, producers do not experience a direct increase in costs. However, the tax is added to the final selling price, resulting in higher prices for consumers. This reduces the quantity demanded in the market.
In perfect competition, unit taxes and ad valorem taxes affect the market dynamics differently. Unit taxes are typically shared between producers and consumers, while ad valorem taxes are solely borne by consumers. These indirect taxes influence the behavior of producers and consumers, impacting the quantity supplied and demanded, as well as the market prices.
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How can you save for retirement if you already have more expenses than you have income? Explain two things you can do.
To save for retirement when expenses exceed income, you can consider reducing your expenses and increasing your income.
Reducing Expenses: Identify areas where you can cut back on spending, such as eating out, entertainment, or unnecessary purchases. Create a budget to track your spending and find ways to save on monthly expenses, such as switching to a cheaper phone plan or negotiating lower rates for utilities. Increasing Income: Seek opportunities to boost your earnings, such as taking on a part-time job, freelancing, or pursuing a promotion or raise at your current job. Additionally, consider developing new skills or earning certifications to increase your earning potential in the long run.
While it may be challenging to save for retirement when expenses exceed income, it is crucial to prioritize long-term financial stability. By reducing expenses and increasing income, you can gradually create a financial buffer that allows you to contribute to your retirement savings and secure your future.
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To move toward a personal vision, what smaller steps should you take?
A. Set smaller, more specific goals.
B. Participate in many internships.
C. Change your lifestyle.
D. Switch your personal vision frequently.
Answer:
D
Explanation:
Private data about employees or customers is considered what type of information?
Answer:
Personal
Explanation:
Workers don’t start the job at the same time and don’t get paid at the same wage.
Question 10 (5 points)
Two prescreening tools for job candidates are the resume and the
employment essay.
advertisement.
application.
letter of recommendation.
The correct answer is C. Application
Explanation:
When employers pre-screen job candidates they verify basic information about candidates such as background, education, skills, experience, etc. to determine if a candidate is suitable for a job and he/she should be interviewed or continue in the process of selection for the job.
In this context, the two main tools used by employers are the resume and the job application. These two documents provide information about the candidate's education, experience, skill, and similar but in the case of the application the information es concise and very specific, while resumes are more detailed and the candidate can include as much information as she/he wants. Thus, the two prescreening tools for job candidates are the resume and the application.
Answer: Application
Explanation: I just took the test
Hope this helps.
Why is it important to learn to be a team player
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems. Collaboration within a group can help solve difficult problems. Brainstorming is a good opportunity for the team to exchange ideas and come up with creative ways of doing things.
Explanation:
Which investors have the right to vote for or against business initiatives presented at the annual general meeting?
_________ shareholders have the right to vote for or against a business decision made by the company in which they invested.
Answer: Equity
Explanation: Plato(Edmentum)
Equity shareholders have the right to vote for or against a business decision made by the company in which they invested.
What is the shareholder?A shareholder of a corporate body is an individual or legal entity who is certified by the corporate body as the registered proprietor of shares of a private or publicly traded corporation's share capital. Anyone who owns'shares in a company limited by shares is referred to as a shareholder.
Members of a corporation may be referred to as shareholders. The shareholder is the company's owner who provides financial security, controls how the directors manage the company, and receives a percentage of any profits produced by the company.
Therefore, Equity shareholders can vote for or against a business decision made by the firm in which they have invested.
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An automotive company tests the driving capabilities of its self-driving car prototype. They carry out the tests on various types of roadways- specifically, a race track, trail track, and dirt road. The researchers only test the pro totype during the daytime. They collect two types of data: sensor data from the car during the drives and video of the drives cameras on the car. They review the data after the initial tests. The results illustrate that the new self-driving car meets the performance standards across each of the roadways, As a result, the car can progress to the next phase of testing, which will include driving in various weather conditions. Reflection
Consider this scenario: What are the examples of fair or unfair practices? How could a data analyst correct the unfair practices?
Any company activity or action that is dishonest, fraudulent, or harms consumers is considered an unfair commercial practice. Acts that are seen as illegal, such as those that disobey consumer protection laws, might be included in these practices.
UNFAIR TRADE PRACTICES:
Fraudulent free gift or prize offers, non-compliance with production standards, false advertising, and deceptive pricing are just a few instances of unfair commrecial practices.FAIR TRADE PRACTICES:
According to the Rules of Fair Practice, American broker-dealers must be loyal to and treat consumers fairly. The Rules of Fair Practice include specific instructions on how brokers should uphold FINRA's objective, which is to safeguard investors and uphold the market's integrity. They were created by the National Association of Securities Dealers and are currently overseen by that organization. The whole range of legal obligations as outlined by securities laws are in addition to the Rules of Fair Practice, which establish and promote ethical standards.
What is data analytics:Data analytics is the process of examining data sets to spot trends and draw conclusions about the information they contain (DA). Data analytics is the study of analysing unprocessed data to make conclusions about such data.
Data analytics are needed to comprehend trends or patterns from the vast volumes of information being acquired. It helps businesses optimize their performance.
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(T/F) Online retailer constitutes about 20% of the total retail market today.
True. As of today, online retail constitutes about 20% of the total retail market. It's important to acknowledge that the percentage can vary over time and by region. For a more detailed answer, one could explore the growth of e-commerce, regional differences, and various factors affecting the retail market.
According to a report by Digital Commerce 360, online retailers accounted for approximately 14.3% of total retail sales in 2019. However, due to the COVID-19 pandemic, there has been a significant shift towards online shopping, resulting in a projected increase to 20% of total retail sales by the end of 2020. This trend is expected to continue in the coming years, with online retailers projected to make up an even larger portion of the retail market.
The statement is true.
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The functional organizational structure identifies the grouping of individuals into: O Companies Departments Sponsors O Projects
The functional organizational structure identifies the grouping of individuals into departments within a company.
In a functional organizational structure, employees are grouped based on their specific functions or areas of expertise. Each department focuses on a particular function such as marketing, finance, operations, or human resources. This structure allows for specialization and efficient coordination within each department.
Departments are formed to consolidate individuals with similar skills and knowledge, enabling them to work together towards common goals. For example, the marketing department will consist of individuals with expertise in marketing strategies, market research, advertising, and public relations. Similarly, the finance department will comprise professionals specializing in financial analysis, budgeting, and accounting.
This organizational structure promotes a clear hierarchy and reporting structure within each department, with department heads or managers overseeing the work of their respective teams. Communication and decision-making within departments are streamlined, facilitating efficient collaboration and problem-solving.
In summary, the functional organizational structure groups individuals into departments based on their specific functions or areas of expertise. This structure enables companies to leverage specialized skills, promote effective coordination within departments, and facilitate efficient communication and decision-making
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Select the best answer for the question
9. You start a new business selling a product that's the best of its kind on the market. In addition to
A. Good marketing
B. A large staff
C. A franchise license
D. Sales experience
Answer:
the answer is A
Explanation:
if you can't market it good then it will fail
1. From each paycheck of your afterschool job, you're able to save $45 toward the coat. You get paid twice a
month. How many months will it take you to save enough money to buy your North Face jacket?Using this strategy, how will inflation impact your ability to buy the jacket?
Answer:
1. 4 months.
2. Makes jacket more expensive
Explanation:
You get paid twice a month which means that you can save:
= 45 * 2
= $90 per month
The jacket is $350 so it will take:
= 350/90
= 3.88
= 4 months to afford it.
4 * 90 = $360
Assuming there is inflation in those 4 months, it will make the price of the jacket rise and if the inflation rate is such that the price rises past $360, you will be unable to afford the jacket at that point in time and will have to wait to be paid again.
Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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which of the following most precisely describes a situation in which you could use fisher's exact test? A to test for independence between a continuous and a binary variable.
B to test for independence between two continuous variables C to test for independence between two binary variables
D to test for independence between a categorical and a continuous variable E in none of the other cases would this test be appropriate
Fisher's exact test is used to test for independence between two categorical variables. So, the option D, i.e., to test for independence between a categorical and a continuous variable most precisely describes a situation in which you could use Fisher's exact test.
What is Fisher's exact test?
Fisher's exact test is a statistical significance test used to determine the probability of observing a distribution of frequencies within two categorical variables that is at least as extreme as the one observed in the sample, given that there is no association between the two variables.
It is primarily used when the sample size is small or when the expected cell frequencies are below 5.The test statistic for Fisher's exact test is based on the hypergeometric distribution.
The test calculates the probability of observing a distribution as extreme or more extreme than the one observed, under the assumption of independence between the two variables. If the probability is small, we conclude that the two variables are not independent of each other.
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A company experienced an event that caused total assets and net income to increase, but had no effect on cash flow. This could have been caused by ______.
A company experienced an event that caused total assets and net income to increase, but had no effect on cash flow. This event could have been caused by an increase in non-cash assets.
Non-cash assets are items such as property, plant and equipment, investments, or goodwill that do not directly result from cash transactions.
Since these items do not involve an outflow of cash, an increase in non-cash assets will not have any effect on cash flow. However, it can still have a positive impact on both total assets and net income.
An increase in non-cash assets can bring both long-term value and the potential to generate future income, which can result in a significant boost to total assets and net income.
These increases in total assets and net income will not be immediately reflected in cash flow, as cash flow is only concerned with the short-term exchange of money.
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The materials price variance is generally calculated at the time materials are purchased because ______. Multiple select question. management can generate more timely variance reports GAAP requires variances to be recognized when they are incurred it allows materials to be carried in the inventory accounts at standard cost it simplifies bookkeeping
The calculation on materials price variance is been done at time that a purchase is made so that;
it simplifies bookkeeping.
it allows materials to be carried in the inventory accounts at standard cost.
management can generate more timely variance reports.
Materials price variance can be regarded as difference that exit between the actual as well as budgeted cost that is needed to acquire materials.This is then multiplied by the total number of units that is been purchased.Therefore, materials price variance helps in simplification of bookkeeping.
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regarding perfect competition, what does it mean when the goods sold by the firms in a market are homogeneous?
When two homogenous products are ideal equivalents for one another and consumers are unable to distinguish between the goods sold by various businesses, the products are said to be homogenous. The most crucial differentiator in the perfect competition between businesses making similar items is price.
What do you mean by a homogeneous product in perfect competition?When a product is homogeneous, it means that its quality, form, size, and color are all the same. Therefore, no manufacturer can set a different price for the goods it produces. The market is characterized by homogeneous pricing.
A market with perfect competition has homogeneous goods (identical). Each vendor (or business) delivers a homogenous product in a market with perfect competition, meaning that each unit of the product has the same size, form, and other characteristics.
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your firm is contemplating the purchase of a new $615,000 computer-based order entry system. the system will be depreciated straight-line to zero over its five-year life. it will be worth $67,000 at the end of that time. you will save $245,000 before taxes per year in order processing costs, and you will be able to reduce working capital by $82,000 (this is a one-time reduction). if the tax rate is 22 percent, what is the irr for this project? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Using the cash flows, the IRR for the project is approximately 12.34%.
To calculate the Internal Rate of Return (IRR) for the project, we need to consider the initial investment, annual cash flows, salvage value, and the tax rate. Here's how to calculate the IRR:
Step 1: Determine the cash flows for each year:
Year 0: Initial investment = -$615,000
Year 1 to Year 5: Savings in order processing costs = $245,000
Year 5: Salvage value = $67,000
Step 2: Incorporate the tax savings by multiplying the annual cash flows by (1 - tax rate):
Tax savings per year = Savings in order processing costs * (1 - tax rate)
Tax savings per year = $245,000 * (1 - 0.22)
Tax savings per year = $191,100
Step 3: Calculate the net cash flow for each year by subtracting the tax savings:
Year 0: Net cash flow = Initial investment
Year 1 to Year 5: Net cash flow = Savings in order processing costs - Tax savings per year
Year 5: Net cash flow = Salvage value - Tax savings per year
Step 4: Compute the IRR using a financial calculator or software. The IRR is the discount rate that makes the net present value of all cash flows equal to zero.
The cash flows are as follows:
Year 0: -$615,000
Year 1 to Year 5: $245,000 - $191,100 = $53,900
Year 5: $67,000 - $191,100 = -$124,100
Using these cash flows, the IRR for the project is approximately 12.34%.
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Assignment: Select an exclusive Canadian company and evaluate it on its organizational behaviour criteria's. Evaluation Criteria's: Company's Outlook and Approach Vision, Mission, Values, Culture, Ethics and its implementation Responsible Department with key executives > Organizational Structure-Functional, Divisional, Matrix Policies and Procedures-Individuals, Team, Leader Code of Ethics-Integrity, Accountability, Transparency Dynamic Environment Integration Reactive Vs Proactive Top-Down, Bottom-Up Approach Environmental Scanning and SWOT Analysis Scientific Analysis-Culture of Thinking Out of the Box Training and Development MBO-Employee Participation, Employee Engagement Functional Vs Process Approach Team Concept-Coaching, Mentoring, Coordination, Synergy I
Canadian National Railway Company (CN) is an exclusive Canadian Company and North America's leading transportation company. CN's culture promotes ethical practices, efficient operations, and customer satisfaction. CN's culture is based on safety, customers, people, integrity, and sustainability.The company's mission is to transform the railway network to meet the ever-changing market conditions and customer requirements. CN's mission is to deliver sustainable and cost-effective transportation solutions while improving customer satisfaction.CN's code of ethics is based on accountability, integrity, transparency, and inclusivity. CN adheres to various regulatory frameworks that govern its operations, and the company operates within the confines of these regulations.
CN's organizational structure is divisional, with executives and managers responsible for different departments. The company's leadership is responsible for ensuring that the organizational culture is aligned with the company's objectives. CN's culture is team-oriented, and the company encourages its employees to work together to meet customer requirements.CN's policies and procedures are designed to provide guidance and direction to its employees. The company's policies cover a wide range of issues, including employee conduct, safety, and security.CN's approach to environmental scanning and SWOT analysis is proactive. The company's leadership is continually monitoring market conditions and customer requirements and is responsive to changes in the business environment.CN's approach to training and development is based on employee engagement. The company's leadership understands that engaged employees are more likely to be productive and will work together to achieve common objectives.CN's approach to employee participation is based on MBO. The company's employees are encouraged to participate in the decision-making process, and the company rewards employees who take an active role in the decision-making process.
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in the short run, an expansion in europe causes u.s. exports and aggregate demand to and the unemployment rate to . group of answer choices a. increase; increase b. decrease; decrease c. increase; decrease d. decrease; increase
In the short run, an expansion in Europe causes U.S. exports and aggregate demand to option c) increase; decrease.
This is because an expansion in Europe means that there is an increase in economic activity, leading to an increase in demand for goods and services. This increase in demand leads to an increase in exports for the U.S., which contributes to an increase in aggregate demand.
As aggregate demand increases, businesses will need to hire more workers to meet the increase in demand for their products or services. This leads to a decrease in the unemployment rate as more people are employed.
It is important to note that this scenario is specific to the short run, as in the long run there may be adjustments that take place in response to the increased demand for U.S. exports. For example, U.S. businesses may increase their production in response to the increased demand, which could lead to an increase in employment opportunities and a further decrease in the unemployment rate. However, this will depend on a variety of factors such as the availability of resources and the competitiveness of U.S. goods in the European market.
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When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in: o ritual consumption o external information search. o cognitive dissonance o business-to-business marketing o self-actalization
External information search refers to the process of seeking out information from sources outside of oneself to make informed purchasing decisions.
When customers look beyond their personal knowledge and experience to help them in buying something, they are engaging in external information search. This refers to the process of seeking out information from sources outside of oneself to gather relevant knowledge and make informed purchasing decisions.
For example, a customer might read product reviews, compare prices, or ask friends for recommendations before making a purchase.
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Which of the following best describes the role of households and firms in the circular flow model of the economy?
a. Firms provide households with factors of production in exchange for money; households provide firms with goods and services in exchange for money
b. Households provide firms with factors of production in exchange for goods and services
c. Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money
d. Firms and households exchange money with one another in the pursuit of higher incomes and profits
Households supply the factors of production to firms in exchange for money; firms supply goods and services to households in exchange for money - best describes the role of households and firms in the circular flow model of the economy. The correct answer would be option C.
The circular flow model illustrates how money circulates in an infinite cycle from suppliers to households and back again. Money goes back and forth in an economy as workers spend their income on goods and services, first going from manufacturers to workers as wages, and then back to producers. It is possible to make the model more intricate by including factors that increase the money supply, such as exports and imports. A country's gross domestic product (GDP) which is also known as its national income, is the outcome of adding up all of these variables.
Governments and central banks can modify monetary and fiscal policy to enhance an economy by analyzing the circular flow model and its present effect on GDP.
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, environmental trends and Ethical trends affect a pharmacy business? I need one whole paragraph for them
The negative impact of the production of pharmaceutical products on the natural environment is well known. However, this remains largely unregulated, meaning the extremely toxic impact it has on both animals and humans continues with no clear end in sight.
International organisations and the pharmaceutical industry have begun to notice that the detrimental impact pharma products have on the environment on a global scale.Pharmaceutical products enter the environment at various stages of their life-cycle, but particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat. Lord Jim O’Neill noted this trend in his 2016 UK government-funded independent Review on Antimicrobial Resistance.Although it is a global issue, like other environmental issues, pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.Health Care Without Harm (HCWH) Europe runs the Safer Pharma campaign to raise awareness of the negative relationship between pharma and the environment and challenge the healthcare industry to clean up its production.The production of both active pharmaceutical ingredients (APIs) and finished dose antibiotics is concentrated in specific locations so the resulting point, source pollution, is in incredibly high concentrations and encourages the development of drug resistance,” says HCWH Europe pharmaceuticals policy officer Dr Adela Maghear. “This practice has a detrimental impact on vulnerable populations living near manufacturing facilities and wastewater treatment plants in these countries.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally.
The following are affected by the business structure you choose when you start your
business.
O a.
day-to-day operations, personal liability, and business name.
O b.
day-to-day operations, business location, and taxes.
О с.
profitability, personal liability, and taxes
O d.
day-to-day operations, personal liability, and taxes.
1
When you start business, the business structure you choose can affect your day-to-day operations, personal liability, and taxes.
What is a liability?Liability refers to the legal responsibility for one's actions or debts. It is an obligation to pay or perform something to another party. Liability can arise from various sources, such as contractual agreements, statutory laws, or common law. For instance, when a person borrows money from a bank, they have a liability to repay the loan amount to the bank within a certain period, according to the terms and conditions of the loan agreement. Liability can also arise from a person's actions or omissions that result in harm or damage to others. In such cases, the person may be held liable for the damages caused and may have to compensate the affected parties for their losses.
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The industries which provide support services to other industries are known as
(a) Primary industries
(b) Secondary industries
(c) Commercial industries
(d) Tertiary industries
Answer:
It's known as Tertiary industries
1. Think back to Isaiah's situation. Using the information you've been given about his
spending habits, complete the chart below. You will need to consider the costs and
benefits of his different approaches to spending money. List two or three items in
each box, then answer the question that follows. (8 points)
Time Period
First 6 Months
Next 6 Months
Benefits
Costs
Apex
Your financial future can be significantly impacted by establishing and maintaining sound spending habits.
Is the golden rule of personal money management to spend less than you make and save for the future?The golden rule for managing personal finances well is to spend less than you earn and save for the future. You may enhance your retirement savings rate and emergency fund by keeping track of everything you purchase each month. This helps you quickly locate any surplus funds.
An expenditure habit is what?Your spending behavior is how you carry out your goal. It can be challenging at times to follow your plan. To balance your spending and income, you must cultivate certain spending habits.
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what are some possible short-term savings goals? Give examples please.
Some possible short term saving goals may be
To buy a carSaving for college tuition.Buying tickets to a concert.What is a short term saving goal?This is a term that is used to refer to the reason why people may save money temporarily. The reason for this may be due to the fact that they want to meet an urgent need.
Such as buying a car or saving up for tuition. In this way they would have the cash to do this.
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Marissa is traveling in Great Britain and is surprised when the server brings her cookies when she ordered biscuits for breakfast. What communication concept best explains the mix-up?A. Communication is symbolic.
B. Communication is relational.
C. Communication is a process.
D. More communication is always better.
Answer:
B. Communication is relational.
Explanation:
Communication being relational is the best concept that explains the mixup between the server and Marissa who is travelling through Great Britain. For Marissa to request for biscuits, the sever was able to relate her request to cookies which is commonly served as a breakfast meal in Britain. Hence the reason why she brought it to her.
What is the main difference between a market and a command economy?
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
It is important for business owners to weigh the advantages and disadvantages of each ownership structure because a. There is an established procedure for determining the best form of ownership
B. Individual goals in need to differ which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
Some of the options in the questions are not correct; here is the correct question:
It is important for business owners to weigh the advantages and disadvantages of each ownership structure because
A. There is an established procedure for determining the best form of ownership
B. Individual goals and needs differ, which makes each business situation unique
C. The nature of the business and financial needs always change over time
D. Most businesses owners already understand how each form of ownership works
The correct answer is B. Individual goals and needs differ, which makes each business situation unique.
Explanation:
In businesses, there are different ownership structures; this includes sole ownership, business partnership, franchises, among others. The type of structure determines the internal organization of the business and the responsibilities and roles of those that own the business.
Due to this, selecting the appropriate ownership structure might influence the development of the business and whether this is successful over time. This decision mainly depends on the business situation considering each business is related to different needs, conditions, and goals. For example, a partnership is the best model if you want to share the ownership and responsibilities. This means, despite each ownership structure has advantages and disadvantages the decision should be made based on goals, needs, and situation of the business (Option B).