What is the most common type (in terms of numbers) of firm in the United States and the world?a.Sole proprietorshipsb.Partnershipsc.Limited partnershipsd.Corporations
Answers
The most common type of firm in the United States and the world is a sole proprietorship.
This is because sole proprietorships are the simplest and easiest type of business to start and operate, requiring only one owner who has full control over the business.
According to the US Small Business Administration, there were 24.3 million sole proprietorships in the United States in 2018, accounting for 73.2% of all US businesses.
In comparison, there were only 1.7 million corporations and 1.5 million partnerships in the US.
Similarly, in the world, the majority of businesses are also sole proprietorships, particularly in developing countries where formal business structures are less common.
However, it's worth noting that while sole proprietorships make up the largest number of businesses, corporations tend to be much larger and more profitable on average.
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Related Questions
Pls help me with this question!
Answers
The type of bank that contributes to the national economy by managing accounts and credit lines for both individuals and businesses is a commercial bank. So, the correct choice is option C.
Commercial banks are financial institutions that play a vital role in the economy by providing a wide range of banking services to individuals, businesses, and governments. They accept deposits from customers and offer various types of accounts, including checking accounts, savings accounts, and certificates of deposit. Commercial banks also provide loans and credit lines to individuals and businesses to support their financial needs.
By managing accounts, commercial banks facilitate the safekeeping of funds for individuals and businesses, allowing them to make transactions, earn interest on their deposits, and access their funds conveniently through various banking channels.
Furthermore, commercial banks contribute to the national economy by extending credit lines to individuals and businesses. These credit lines can be used for various purposes, such as financing investments, expanding businesses, purchasing assets, or managing cash flow. By providing credit, commercial banks support economic growth, entrepreneurship, and job creation.
In summary, commercial banks are the type of bank that actively contributes to the national economy by managing accounts and credit lines for both individuals and businesses, playing a crucial role in promoting financial stability and facilitating economic activities.
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In the end, businesses that use teams tend to have ______. a. Fewer sick leaves b. More profits c. More management d. Fewer products
Answers
Answer:
The answers B More profits
Explanation:
Trust me i just made a 100 in the test
In the end, businesses that use teams tend to have more profit. Thus, option (b) is correct.
What is businesses?The term “businesses” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.
The term “businesses” refers to the primary goal of generating a profit. The company is taking a risk and profiting from it. The enterprises' functions are focused on the creation, distribution, and sale of concepts. The business was the runs on the basis of the consumer behavior.
As a result, the significance of businesses are the aforementioned. Therefore, option (b) is correct.
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Question 1 of 10
Any form of money that is commonly accepted to pay for goods in a
transaction is known as a(n)
O A. credit line
B. income
C. debt
D. currency
Answers
Answer:CURRENCY
Explanation:
IM TAKING THE TEST RIGHT NOW I GOTCHU HAVE A WONDERFUL DAY
The correct option is D. Any form of money that is commonly accepted to pay for goods in a transaction is known as a Currency.
Its value derives from the fact that the government of the country issuing it has deemed it "legal tender". In this instance, we agree that the money has worth it because both the government and other parties accept it as payment.
Why are there different currencies?The power of nations to generate money and influence output, prices, or government revenue has been severely constrained over protracted periods of time. Throughout this history, countries have tied their currencies to an international standard.
Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.
Thus, Money is a form of exchange used to buy and sell goods and services.
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Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Two firms are developing a product for a market of fixed size. The longer the firm spends on the development, the better the product is. But the firm releasing the product first has an advantage: a customer may not switch to a better product once got used to a worse one. We model the situation in the following way. A firm that releases first at time t gets h(t) share of the market, leaving the remainder to the competitor. We assume that h(t) is an increasing function of t with h(0) = 0 and h(T) = 1. If the firms release simultaneously, each gets half of the market. Represent this situation as a strategic game and find its Nash equilibria.
Answers
The Nash equilibrium of the strategic game is for both firms to release simultaneously at the start of the time period, with each firm obtaining a market share of 0.5.
To represent the situation as a strategic game, we can define the following:
Players: Two firms, Firm 1 and Firm 2.
Actions: Each firm chooses a release time, t, within a given time period.
Payoffs: The market share each firm obtains based on their release time.
Assumptions:
The longer a firm spends on development, the better the product and the higher the market share it obtains.
The firm that releases first has an advantage, as customers may not switch to a better product once they are used to a worse one.
The market size is fixed.
Now, let's define the payoffs for each firm:
Firm 1's Payoff:
If Firm 1 releases at time t and Firm 2 releases simultaneously or later, Firm 1's market share is h(t), and Firm 2's market share is 1 - h(t).
Firm 2's Payoff:
If Firm 2 releases at time t and Firm 1 releases simultaneously or later, Firm 2's market share is h(t), and Firm 1's market share is 1 - h(t).
If both firms release simultaneously, they each get half of the market, so their market shares are 0.5.
To find the Nash equilibria of this strategic game, we need to identify the release times for each firm that maximize their payoffs given the actions of the other firm.
Since h(t) is an increasing function of t, each firm would prefer to release earlier to maximize its market share. However, if one firm releases earlier than the other, it gains an advantage, so there is an incentive for both firms to release as early as possible.
Therefore, the Nash equilibrium of this strategic game is for both firms to release simultaneously at the beginning of the time period, where they each receive a market share of 0.5. This is the only stable outcome where neither firm has an incentive to deviate from their chosen action.
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Explain the role of the Board of
Directors in a public company?
Provide FOUR points.
Answers
Answer:
A board of directors is essentially a panel of people who are elected to represent shareholders. ... The board is responsible for protecting shareholders' interests, establishing policies for management, oversight of the corporation.
Hope it helps a bit.
the maturity date of a promissory note represents when only the principal is due.
T/F
Answers
The maturity date of a promissory note represents the due date for both the principal and any accrued interest. The statement is False.
The maturity date of a promissory note represents the due date for both the principal amount borrowed and any accrued interest. A promissory note is a legal document that outlines the terms and conditions of a loan, including the repayment schedule. It specifies the maturity date, which is the date on which the borrower is obligated to repay the lender the full amount borrowed.
In addition to the principal amount, a promissory note typically includes provisions for interest. The interest represents the cost of borrowing and is calculated based on the principal amount and the agreed-upon interest rate. The interest may accrue over the loan's duration and is payable along with the principal at the maturity date.
Therefore, when the maturity date of a promissory note is reached, the borrower is required to repay both the principal amount and any accrued interest to the lender. It is essential for both parties involved to adhere to the terms of the promissory note to ensure proper repayment and fulfillment of the loan agreement.
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6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford
Answers
Answer:
earn .
He is not a skilled worker. He doesn't earn much.
Explanation:
He doesn't earn much.....
Which depreciation method generally results in the lowest net income for the first year a plant asset is utilized?.
Answers
The double declining-balance is a depreciation method generally results in the lowest net income for the first year a plant asset is utilized.
What is double declining balance (DDB) method all about?The double declining balance method can e explained as type of declining balance method that uses double the normal depreciation rate.
Some of the Depreciation rates used are;
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3. Describe through the use of T accounts the birth & growth of the Wahoo Bank
Answers
Answer:
Describe through the use of T accounts the birth & growth of the Wahoo Bank is explained below in detailed explanation.
Explanation:
Equipoise T-accounts is one of the more complex and mind gobbling something for many accounting scholars. In this lesson, we're going to discover specifically how to balance a T-account. Surely, by the time you've completed this exercise, this action will be more relaxed for you than ever since. The last portion of the T-account that we require to meet is its amount. An account’s amount is the value of that object at a precise point in time.
In a T-account, we determine the balance of the matter at the origin of the term (month or year) and the conclusion of the period.
Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
In an operating lease, the lessee records (journal entry):
amortization expense and lease expense.
amortization expense.
interest expense.
lease expense
Answers
In an operating lease, the lessee records lease expense as a journal entry. The correct alternative is ''lease expense.''
This is because an operating lease is treated like a rental agreement, where the lessee does not assume the risks and rewards of ownership. Therefore, the lessee does not record amortization expense or interest expense, as they would with a capital lease.
Instead, the lessee simply records the lease expense as a rental expense for the period. This is typically done through a debit to lease expense and a credit to cash or accounts payable.
In conclusion, the correct alternative is ''lease expense.''
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To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product.
Answers
To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product mix.
A product mix is the total variety of product lines and individual products or services an organization offers. To boot noted as product assortment or product portfolio. Product combines vary from company to company. Some have multiple product lines with many products in every line.
For example, an organization could sell multiple product lines, with the merchandise lines being fairly similar, like dentifrice, toothbrush, or solution, and alternatives such as toiletries.
Product mix, additionally called product assortment, refers to the entire variety of product lines an organization offers its customers. The four dimensions of a company's product combine embody breadth, length, depth and consistency.
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Jake’s company uses a unique ergonomics and organization system to help employees work more efficiently. The company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may share the trade secret with others outside the company. The employee may be subject to fines if he were to reveal the trade secret. The employee may use the trade secret at another company as long as he does not reveal it to others. The answer is dependent on additional details not provided. No trade secret exists in this scenario.
Answers
If the company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may be subject to fines if he were to reveal the trade secret.
What is nondisclosure agreement?Nondisclosure agreement can be defined as the agreement that a person should not disclose confidential or sensitive information.
in a situation were Jake sign the nondisclosure agreement and still went ahead to disclose the information , the employee will be subject to fines because the employee has break the nondisclosure agreement that is between him and is employer.
Therefore If the company wants Jake to sign a nondisclosure agreement not to expose the system. The employee may be subject to fines if he were to reveal the trade secret.
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3- Use the following data to answer the questions below:
Category
Billions of Dollars
Consumption $200
Investment $ 50
Government Spending $ 60
Exports $ 70
Imports $ 80
Depreciation $ 10
Foreign Factor Income $ 10
Please answer in whole numbers.
a. How much is net exports? $
b. How much is net investment? $
c. How much is GDP? $
d. How much is Net Domestic Product? $
e. How much is National Income?$
Answers
Explanation:
a. Net exports = Exports - Imports = $70 - $80 = -$10 b. Net investment = Investment - Depreciation = $50 - $10 = $40 c. GDP = Consumption + Investment + Government Spending + Net Exports = $200 + $50 + $60 - $10 = $300 d. Net Domestic Product = GDP - Depreciation = $300 - $10 = $290 e. National Income = Net Domestic Product + Foreign Factor Income = $290 + $10 = $300
Where in an e-mail would you find information about the action required?
A. In the subject line
B. In the message
C. In the greeting
D. In the To field
Answers
Answer:
The message
Explanation:
Answer:
The message
Explanation:
Maxdime Inc. is an international automobile manufacturer that has decided to work on low-cost fuel efficient motorbikes. Foray Inc., a domestic automobile company based in China, is willing to partner temporarily with the R&D team of Maxdime to design and launch motorbikes specially for the Chinese market. This is an example of ________.
i. entrepreneurial orientation
ii. non-equity-based strategic
iii. alliance sole proprietorship
iv. product differentiation
Answers
There are different kinds of services rendered. This above scenario is an example of non-equity-based strategic alliance.
What is non-equity strategic alliance?In a non-equity strategic alliance, firms often develop a form of agreement to distribute their resources without forming a separate entity or sharing equity.
Non-equity alliances are said to be a kind of loose and informal setting than a partnership that involves equity. This is said to be composed of a high majority of business alliances
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Kathryn wants to open a bank account that allows here to perform frequent transactions without being charged a penalty, and she does not want to maintain a minimum balance. What type of bank account should she open?
Answers
Answer:
checking account
Explanation:
A checking account is the bank account in which you can easily access your money. Here the purchase could be made via debit card, cheques, etc. It have no interest or low interest. It contains the service fees but it could be waived off by meeting out the balance or the requirement of the direct deposit
so as per the given situation, the person wants to perform frequent transactions without having any penalty and also she wants to maintain the minimum balance
So checking account should be opened
Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover
Answers
Here's link to the answer:
bit.\(^{}\)ly/3a8Nt8n
Which of the following is an example of a game where the customer can choose their own numbers
Answers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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Those who manage the work on the front lines are most involved with what component of the planning process?.
Answers
Those in charge of monitoring action on the front lines typically handle the operational planning element of the planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year
What is more about planning process.Planning is the act of dividing one's thoughts into manageable steps. Planning is divided into four primary categories: strategic, tactical, operational, and contingency planning. To determine their goals and objectives, organizations use the strategic planning process.
Operational planning is a helpful document that details the primary duties and objectives a company will pursue during a specified time period, typically a year. It frequently has connections to finance agreements and, in a broader sense, to the organization's strategic objective.
A manufacturer developing a plan to increase sales by 30% is an example of operational planning.
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You can block anyone on Twitter.
A.) True
B.) False
Answers
Answer:
A true
Explanation: ive done it before
Answer:
yes
Explanation:
Explain the significance of profit equaling zero when calculating a break-even point
Answers
Answer:
profit equal zero defines the break-even point
Explanation:
By definition, the break-even point is the point where profit is equal to zero. The significance is that zero profit defines the break-even point.
1 minute speech about dogs
Answers
Answer:
The dog is a pet animal. A dog has sharp teeth so that it can eat flesh very easily, it has four legs, two ears, two eyes, a tail, a mouth, and a nose. It is a very clever animal and is very useful in catching thieves. It runs very fast, barks loudly and attacks the strangers.
Question 1 of 10 Which type of adjusting entry is used to record a payment a company makes in advance? O A. Deferred expense B. Accrued revenue C. Deferred revenue D. Accrued expense
Answers
Deferred expense type of adjusting entry is used to record a payment a company makes in advance. Thus, the option (a) is correct.
What is adjusting entry?
The term “adjusting entry” refers to the journal entry on a daily basis of accounting. The accounting entries are necessary to record because they balance the income and expenses over the period of the month. The single transaction in the business affects the accounting entry.
The adjustment entry is an entry on day-to-day transactions that are related to income and expenses. But sometimes, purchases made in advance for future use are called deferred expenses. The expenses in cash are also received in advance.
As a result, the adjusting entry are maintain record in advance payment is known as deferred expenses. Therefore, option (a) is correct.
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Answer:
its B- Accrued Revenue
Explanation:
just took it and this was the answer
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
Answers
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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Look at the examples below, and select the change in matter that is an example of a physical change.
ice melting
leaves changing color
starting a fire
Answers
Answer:
Ice melting doesn't change its chemical property so it's a physical change
Answer:
ice melting is an example of physical change in which there is a change in matter where ice (solid) melts to liquid ...
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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Which physical quantity measures what fraction of the input energy a machine actually converts into output energy?
ОА.
kinetic energy
ОВ.
power
OC. efficiency
OD
acceleration
Answers
Answer:
The answer is A because kinetic energy and potential energy are linked together
Explanation:
Answer:
The correct answer is efficiency
Which statement best describes appreciation in a home?
A. Appreciation is guaranteed.
B. Appreciation is the amount of taxes you pay on your home.
C. Appreciation is an increase in value of your home over time.
D. Appreciation occurs at a fixed percentage rate.
Thank you!
Answers
Answer:
C. Appreciation is an increase in value of your home over time.