Which of the following is an advantage of sole proprietor ownership?
Question 6 options:
Limited liability
Freedom from government regulation
Ease with which capital can be raised
Ease with which qualified employees can be found
None of the above
Answers
The correct answer is option(E) , None of the above. The advantage of sole proprietor ownership is that there is ease with which capital can be raised. A sole proprietor is a business that is owned and run by a single person who bears all of the business's expenses and profits. A sole proprietorship, or sole trader, is the most common form of company, accounting for roughly 70% of small businesses.
It's also the easiest and least expensive company to create.Advantages of Sole Proprietorship OwnershipThere are several advantages of owning a sole proprietorship. Some of the benefits are described below:
1. Complete authority: As the sole proprietor of a business, you have complete control over all aspects of the operation. You are responsible for every aspect of the company, from financial management to decision-making.
2. Tax benefits: Because sole proprietors are taxed at their personal income tax rate, they can deduct company losses from their overall taxable income.
3. Simple setup: Setting up a sole proprietorship is much simpler than setting up other business structures. You won't have to deal with any formal legal documentation.
4. Easy to dissolve: If you decide to close your company, the process is usually much simpler than for other business forms. The proprietor can stop doing business at any moment without having to worry about legal formalities.
5. Low start-up expenses: Sole proprietorships are less expensive to start because they don't need any formal legal documentation.
Therefore, The correct answer is option(E) , None of the above
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Related Questions
The fact that a bank's assets tend to be long-term while its liabilities are short-term creates:
a. interest-rate risk.
b. credit risk.
c. lower risk for the bank, this is why they follow this strategy.
d. trading risk.
Answers
a. interest-rate risk. Bank's assets tend to be long-term while its liabilities are short-term creates.
What is assets?Assets are tangible or intangible resources that a person or business owns. Assets can be short-term or long-term investments and can be used to generate income or increase value. Examples of assets include cash, real estate, investments, inventory, equipment, vehicles, and intellectual property. They can be classified as current assets or non-current assets depending on their expected lifespan. Current assets are those that are expected to be realized within one year, while non-current assets are those that are expected to be owned for more than one year. Assets are important for businesses because they are used to generate revenue, pay expenses, and increase shareholder value. Additionally, assets provide liquidity, which allows businesses to generate cash flow and make investments.
Therefore the correct answer is A.
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A women's clothing company based in Singapore had to modify its clothes before introducing them in Iran, as it needed to meet the needs of the women who are generally expected to cover themselves completely as per societal norms. To adapt its clothes to Iranian markets, the company used opaque material and provided accessories like scarves. Which requirement has dictated the product adaptation?
Answers
The factor which dictates She Tales' product adaptation in the above mentioned scenario includes modifying the product according to the local needs and circumstances in order to increase the sales of product in the local market and thus increase profits associated with the sales. Thus, it is modifying the product according to local needs in order to diversity its product.
She Tales' product is modified in the situation indicated above involves tailoring the product to the local demands and conditions in order to enhance product sales in the local market and, consequently, increase profits associated with sales.
What is local market?Local marketing, often referred to as "neighborhood marketing" or "local store marketing," is a marketing tactic that focuses on consumers and customers within a certain distance of a physical place with messages that are specially suited to the community there.
Although there are many diverse tactics, the localization of the marketing message sets them apart. Independent and local retailers, however, employ the same strategy and techniques in their marketing campaigns.
In order to supplement mass-market advertising campaigns, local shop marketing is frequently used by specific divisions of a larger corporate organization, such as a franchise store rather than the franchisor. A wide range of marketing strategies are used by companies all over the world in local shop marketing.
Some of these include advertising in a nearby chamber of commerce, sending out direct mail, publishing local news releases, producing events, obtaining sponsorships, and investing in advertising space in print, outdoor, local television, among other things.
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Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from Y, and $300 worth of goods from firm Z, and produces 250 units of output at $4 per unit. Firm Y buys $150 worth of goods from firm X, and $250 worth of goods from firm Z, and produces 300 units of output at $6 per unit. Firm Z buys $75 worth of goods from firm X, and $50 worth of goods from firm Y, and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP?
Answers
Answer:
$2,775
Explanation:
The computation of the GDP of the economy is given below:
But before that the total value sold by three firms would be determined
Total amount of goods sold by X:
= X sells to Y + X sells to Z
= $150 + $75
= $225
Total amount of goods sold by Y:
= Y sells to X + Y sells to Z
= $200 + $50
= $250
Total amount of goods sold by Z:
= Z sells to X + Z sells to Y
= $300 + $250
= $550
Now
Amount of goods generated by X
= units of output × cost per unit
= 250 units × $4
= $1,000
Value of goods generated by Y
= units of output × cost per unit
= 300 units × $6
= $1,800
Value of goods generated by Z
= units of output × cost per unit
= 500 units × $2
= $1,000
Now GDP is
= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]
= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]
= $775 + $1,550 + $450
= $2,775
Question 7 of 25
Social Security withholding is an example which tax
Answers
Answer: regressive tax
Explanation:
3 points print item 3 white company's assets total $780,000 and its owners' equity consists of capital stock of $500,000 and retained earnings of $150,000. determine the company's total amount of outstanding liabilities.
Answers
The company's total amount of outstanding liabilities is $130,000.
What are outstanding liabilities?Outstanding liabilities are described as the amount of money that an individual or a business owes to investors, creditors, lenders, or any external individual. It is important to mention that liabilities in a business can be represented by the amount to be paid to creditors, loan repayment, payment of salaries and wages to employees, and debts.
Given that,
The assets of a company = $780,000
The owner's equity = capital stock + retained earnings = $500,000 + $150,000 = $650,000
The total amount of outstanding liabilities = 780,000 - 650,000 = $130,000
Hence, the $130,000 is the entire amount of liability.
It can be concluded that the company's total amount of outstanding liabilities is $130,000.
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Judy and Nicolas are playing on the playground when, suddenly, Nicolas pulls Judy’s hair. She shouts “ouch” because even though the dead part that is grabbed can’t feel a thing, what is embedded at the base of the hair that register the pain?
Answers
Answer:
When Nicolas pulls Judy's hair, the pain is registered in the nerve endings at the base of the hair follicles. These nerve endings are responsible for sensing touch and other stimuli, and when they are stimulated, they send a signal to the brain that is interpreted as pain. The hair itself does not have any sensation, as it is made up of dead cells, but the nerve endings at the base of the follicles are able to sense the pull and send a signal to the brain.
Explanation:
When there is low competition, firms can use a price strategy to recover research and development costs and make as much profit as possible.
Answers
When a market is experiencing low competition, firms can recover research and development costs by using a skimming price strategy.
What is a skimming price strategy?This refers to when companies sell goods at a high price because there isn't much competition.
As other suppliers enter the market and the competition increases, the companies will then reduce their prices.
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The additional utility a person receives from consuming an additional unit of a good or service is known as?
Answers
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit.
What is service?Services are referred as a type of product that is offered to someone in terms of facilities like the one received in a restaurant or shopping mall. It is a type of commodity or product that is intangible in nature, one can only feel it.
The additional utility a person receives from consuming an additional unit of a good or service is known as Marginal Benefit. Any activity can have its net benefit increased by selecting the amount at which marginal utility equals marginal expense.
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What is the craziest thing you've ever done, and would you do it again?
If you could do anything knowing you would not fail, what would you do?
If a genie granted you three wishes right now, what would you wish for?
What's your biggest regret in life?
What do you think about when you're by yourself?
Answers
Answer:
01) yh for sure I'll do it again... I always doing it like staring to stranger eyes till they getting shy
02)my exams gosh
03)having my bff again.
being a good girl
nvm nothing else
04) having a stu.pid relationship with a boy nvm
05)sensitive
Bill received an unordered calendar from the local charity so he must pay money to the charity.
True
False
Answers
Answer:
false, they sent the calendar hoping he would make a donation, but he does not have to give any money
Explanation:
they sent the calendar hoping he would make a donation, but he does not have to give any money
Fayol suggested that workers be given more ______ in order to counteract the boredom that many workers feel arising from too much specialization.
Answers
Answer:
job duties
Explanation:
The job duties refers to the duties that have to be performed while in a job. Different specialization people has the different jobs duities that have to be performed on the daily basis
Since in the question it is mentioned that Fayol recommend that workers provided more job duties so that the boredom could be minimized
Hence, the job duties would be conisdered
In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____. Multiple choice question. cadre symposium cohort organization
Answers
There are different kinds of firms. In business, a group of people who work together in an attempt to achieve some specific purpose is known as an organization.
What is an organization?An organization is regarded as a combination or a group of people that are said to be working together such as an association, a charity, a union, etc.
The word organization also connote a group or business, or to the process establishing something.
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In a limited partnership, the limited partner has the legal authority to make decisions that affect the company without
having to consult the general partner.
True
False
Answers
Think of the key stakeholders of your business ideas. Then, try to assess the strength and weakness of each of the business idea.
Business idea1 : Social Media
Business idea 2: Software Development
Business idea 3: E-sports and video gaming
Answers
Here are some of the key stakeholders for each business idea:
Social Media
* Users: The most important stakeholder for any social media platform is its users.
the content that makes the platform valuable, and they also drive traffic and engagement.
* Advertisers: Advertisers are another important stakeholder for social media platforms. They pay to reach users on these platforms, and they can use social media data to target their ads more effectively.
* Investors: Investors provide the capital that social media platforms need to grow and develop. They are interested in the potential for social media platforms to generate revenue and profit.
Software Development
* Customers: The most important stakeholder for any software development company is its customers. Customers provide the revenue that the company needs to survive and grow.
* Employees: Employees are another important stakeholder for software development companies. They are responsible for developing the software that the company sells, and they also play a role in marketing and selling the software.
* Investors: Investors provide the capital that software development companies need to hire employees, develop software, and market and sell their products.
E-sports and Video Gaming
* Players: The most important stakeholder for any e-sports or video game company is its players. Players provide the revenue that the company needs to survive and grow.
* Viewers: Viewers are another important stakeholder for e-sports and video game companies. They watch the games that are played, and they also provide revenue through advertising and sponsorships.
* Investors: Investors provide the capital that e-sports and video game companies need to hire employees, develop games, and market and sell their products.
Here are some of the strengths and weaknesses of each business idea:
Social Media
* Strengths: Social media platforms have the potential to reach a large audience, and they can be used to build relationships with users. Social media platforms can also be used to generate revenue through advertising.
* Weaknesses: Social media platforms can be addictive, and they can be used to spread misinformation and hate speech. Social media platforms can also be used to collect data about users, which can be used for marketing purposes.
Software Development
* Strengths: Software development is a growing industry, and there is a high demand for software developers. Software development companies can also generate revenue through licensing and subscription fees.
* Weaknesses: Software development can be a risky business, and it can be difficult to develop software that is successful. Software development companies can also face competition from larger companies.
E-sports and Video Gaming
* Strengths: E-sports and video gaming is a growing industry, and there is a large audience for e-sports events and video games. E-sports and video game companies can also generate revenue through advertising, sponsorships, and ticket sales.
* Weaknesses: E-sports and video gaming is a competitive industry, and it can be difficult to break into the market. E-sports and video game companies can also face competition from larger companies.
Overall, each of these business ideas has its own strengths and weaknesses. The best business idea for you will depend on your skills, interests, and risk tolerance.
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College students are more likely to use a condom when told that it has a 95 percent success rate than when told it has a 5 percent failure rate. This best illustrates the impact of.
Answers
If a condom has a 95 percent success rate, college students are more likely to use it than if it has a 5 percent failure rate. The impact of framing is best demonstrated by this.
A condom is a barrier device in the shape of a sheath that is worn during sexual activity to lessen the likelihood of getting pregnant or framing contracting an STD. There are condoms for both sexes. With correct use at every act of sex, couples that use male condoms have a 2% annual pregnancy risk. Pregnancy occurs at a rate of 18% per year with usual use.
As with most contraceptive methods, there are two approaches to framing evaluate condom effectiveness. Only those who use condoms correctly and condom regularly are counted in rates of perfect use or technique efficacy. Effectiveness rates for actual usage, or normal use, apply to all condom users, including those who use condoms improperly or fail to use condoms at every act of sex. In typically, rates are displayed for the first year of use.
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Question #5
Multiple Choice
include businesses that buy products or services from another business to help produce products or services for their own
business to sell.
O Consumer markets
O Industrial markets
O Markets
None of the above
Answers
Answer:
I think industrial markets
4. In your progress report, you want the Work Completed section to follow your
Summary of Costs. To date, the company has rewritten the home page content,
created a new logo, and updated the overall structure of the site. Currently, an idea
for site navigation has been proposed but not yet confirmed. You want to include a
visual of the navigation option in the progress report.
a. The navigation option includes these links from the Home Page: About, Services,
Customer Reviews, and Contact. The About section would include links to History
and Our Mission; the Services section would also include links to Pricing, Scope, and
Timeline. Show an example of a simple, custom graphic to display the navigation. (3
points)
Answers
Links to About, Services, Customer Reviews, and Contact are included in the suggested navigation option, along with dropdown menus for About (History and Our Purpose) and Services (Pricing, Scope, and Timeline).
What type of bar chart is most popular?When showing a sequence of statistics over time, it is highly helpful. If long labels are needed, vertical bar graphs have the drawback of not leaving much room at the bottom of the chart.
Which bar charts are frequently employed to display time series data?Using a sequence of bars, time series bar charts can display changes in a metric over time. This allows you to plot several series, display the breakdown of a metric across dimensions, and display the evolution of the values over time.
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List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
a way of organizing an economy in which private individuals and not the government set prices and own resources and land.
Answers
The term you are looking for is "market economy".
In a market economy, the means of production are owned and controlled by private individuals and businesses, rather than by the government or a central authority. Decisions about production, pricing, and distribution are made by market forces, which are determined by the interaction of buyers and sellers based on supply and demand. Prices are set by the market, rather than being controlled by a central authority or government. In this type of economy, individuals are free to engage in economic activities and pursue their own self-interest, with the belief that this will lead to overall economic growth and prosperity. Market economies are also known as free market economies or capitalist economies, and are characterized by a high degree of individual freedom, competition, and innovation.
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When adjusting the bank balance in a bank reconciliation, which item must be subtracted from the bank balance?.
Answers
Answer:deposits outstanding
Explanation:
correct
A cost that does not change with changes in volume of activity is called a _____ cost. multiple choice fixed variable mixed step-wise curvilinear
Answers
A cost that does not change with changes in volume of activity is called a fixed cost. Fixed costs are expenses that do not vary with the level of production or sales. They are usually time-related costs such as rent, salaries, insurance, and property taxes that remain constant irrespective of the number of units produced or sold.
For instance, if a business has to pay rent for a building, that cost remains fixed regardless of the number of units sold. Fixed costs are also referred to as overhead costs or indirect costs. In contrast, variable costs vary with the level of production or sales. Examples of variable costs are direct labor and raw materials. Mixed costs are those that have both fixed and variable components. Step-wise costs are those that increase in steps with changes in production or sales volume, while curvilinear costs are those that have a curved relationship with changes in production or sales volume. Understanding fixed costs is important in determining the break-even point, which is the level of sales or production at which a business can cover all its fixed and variable costs.
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80-85% of the world's natural vanilla is supplied by Madagascar, an island nation off the coast of Africa. Linda read a recent article online in one of the main ingredients for the ice cream that she and Cathal will produce in 'Sligo Scoops'. (i) What effect will a shortage of vanilla have on each of the following:
The price of vanilla:
Answers
Answer:
Climate change, crime and speculation mean the price of the fragrant spice has skyrocketed from $20 a kilo five years ago to $515 now.
T/F
Alimony and child support obligations are considered priority claims.
Answers
True. Alimony and child support obligations are considered priority claims in bankruptcy cases. This means that they are given higher priority than other debts and must be paid first from any available funds.
This is because these types of debts are deemed essential for the well-being of the family and the court wants to ensure that they are taken care of first. Priority claims also include taxes owed, wages owed to employees, and certain types of government debts. However, it's important to note that even though these debts are considered priority claims, they may not always be fully paid off in a bankruptcy case, especially if there are not enough funds available to cover them.
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Tying is a form of price discrimination in which one good called the ________ is tied to a second good called the ________.
Answers
Tying is a form of price discrimination in which one good called the "tying good" is tied to a second good called the "tied good".
Let me explain it step-by-step. Tying occurs when a seller offers two separate products together as a package deal. The buyer is required to purchase both goods together, even if they only want one of the items. The tying good is the product that the buyer initially wants, while the tied good is the additional product that they must purchase along with the tying good.
This strategy is often used to increase profits by leveraging the popularity or demand for the tying good to drive sales of the tied good. For example, a software company might offer a popular program (the tying good) and require customers to also purchase a subscription to a related service (the tied good) in order to access certain features.
In conclusion, tying is a pricing strategy that links the sale of two goods together, with the tying good being the desired product and the tied good being an additional requirement for purchase. This allows sellers to increase sales and maximize profits.
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What is the method of testing how often a VaR with a certain confidence level was exceeded in the past called?
A) Stress testing
B) Back testing
C) EWMA
D) The model-building approach
Answers
The method of testing how often a Value at Risk (VaR) with a certain confidence level was exceeded in the past is called "Back Testing."
VaR is a statistical measure used to quantify the risk of a portfolio or an investment. It provides an estimate of the maximum loss that an investment could experience with a given level of confidence over a specific time period.
Back testing involves comparing the actual losses of a portfolio or investment to the VaR estimates that were calculated in the past. This helps to determine if the VaR model is accurately capturing the risk of the portfolio or investment and to assess the reliability of the VaR measure.
Back testing provides valuable information about the performance of the VaR model and helps to identify any potential weaknesses or biases in the model. This information can then be used to make adjustments to the model and to improve its accuracy in the future.
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how does lever simplify the work? explain.
Answers
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
Engines for race cars are intricate machines with up to 30,000 unique parts. fast draft, an engine manufacturer, contracts with vendors to provide most of these specialty parts while fast draft focuses on assembly. by using this structure, fast draft does not depend too heavily on any one supplier, and can adapt quickly as engine technology changes
Answers
This is an example of a Hollow Structure since Fast Draft hired different vendors for the speciality parts and chose to concentrate on assembly.
What is a hollow structure?A hollow structure is a style of organizational structure where a company outsources certain of its operations while concentrating on others.Even though they are crucial to the company's ability to produce goods and services, pieces that are frequently outsourced are those that are not regarded as key components.The business then concentrates on the essential operations.Fast Draft outsources the specialized components for the race cars before concentrating on putting them together.They are consequently outsourcing the specialised pieces that are not core components.They proceed to the main task, which is assembly. Diesel engines are considered some of the most dependable and long-lasting of all engines, and they are a marvel of engineering.Diesel engines' endurance, toughness, and dependability are mostly due to three factors:a diesel engine's general construction: gear-driven, better lubrication, and less wear. systems necessary for the engine to run.An internal combustion engine requires three main engine systems to function.These three are the fuel system, lubrication system, and ignition system.To learn more about engine technology refer
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the nurse is caring for a hearing-impaired client. which approach will facilitate communication?
Answers
Answer:
Explanation:
There are several approaches that a nurse can use to facilitate communication with a hearing-impaired client, including:
Speaking Clearly: The nurse should speak clearly, slowly, and directly to the client, facing them so they can see their lips and facial expressions.
Using Sign Language: If the client knows sign language, the nurse can use it to communicate with them. If the nurse does not know sign language, they can use basic signs and gestures to convey simple messages.
Using Written Communication: The nurse can use written communication such as notes, messages, or emails to communicate with the client.
Using Assistive Devices: The nurse can use assistive devices such as hearing aids or amplifiers to help the client hear and understand better.
Minimizing Background Noise: The nurse should minimize background noise, turn off the TV or radio, and avoid speaking in loud places to reduce distractions and improve communication.
It is essential to remember that communication is a two-way process, and the nurse should be patient, listen actively, and allow the client to express themselves fully. By using these approaches, the nurse can facilitate effective communication with a hearing-impaired client and ensure that their needs are met appropriately.
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The Cornucopian view held by many economists suggests that resource depletion due to greater numbers of people ________. poses no problem if new resources can be found to replace depleted ones poses no problem because disease will limit population size poses no problem because humans are too intelligent to allow it to become one will lead to natural selection of the most fit individuals will cause a population crash
Answers
A lot of non-renewable resources are being reduced as a result of unhindered use of fuel and energy. The Cornucopian view held by many economists suggests that resource depletion due to greater numbers of people no problem if new resources can be found to replace depleted ones.
The growth of population often demands on our already limited resources.
The environment on earth is suffering from the growth of global population.
Population growth often deals with the increase in population as as it increases, the depletion of natural resources will also increase also.
Conclusively, Overpopulation can also cause depletion of natural resources as the more people, the more resources use, more food, more energy.
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As a future entrepreneur, Brooke considered a variety of financing sources. Her discussions with a venture capitalist revealed that this type of investor expects to receive a large ownership interest in her firm.
Answers
Answer:
Equity Capital
Explanation:
Equity Capital provides the largest source of finance for most businesses. However the downside of this source of finance is that investors require an ownership in the firm being invested. Therefore, Brooke is dealing with Equity Capital.