Asked by Charlotte
1. The main advantage to a corporation is..
A. Ease of entry
B. Limited liability for the owners
C. Dividends all go to one person
D. Owners share managerial duty
(I chose B)
2. The main advantage to a sole proprietorship is..
A. Ease of entry
B. Financial capital is easy to obtain
C. Owners need little expertise in the day to day business
D. Limited liability for the owner
(I chose A)
3. The main disadvantage to a sole proprietorship is..
A. Profits must be shared
B. Difficult and expensive to open
C. Unlimited liability
D. Single taxation
(I chose C)
4. A variable cost...
A. Increases as production increases
B. Is a constant cost of production
C. Is always changing no matter the circumstance
D. Is a cost like managers salaries, rent, etc.
(I chose A)
5. An example of an explicit cost of production would be..
A. The cost of foregone labor earning for an entrepreneur
B. The cost of flour for a baker
C. The lost opportunity to invest in other capital markets when the money is invested in ones business
D. None of the above
(I chose B)
6. For a firm in a perfectly competitive market the price of the good is always equal to..
A. The government negotiated price
B. Whatever price the seller wants
C. Equilibrium market price
D. Total revenue
(I chose D)
Please let me know if my answers are correct, and if not, what numbers I got wrong! Thank you!
A. Ease of entry
B. Limited liability for the owners
C. Dividends all go to one person
D. Owners share managerial duty
(I chose B)
2. The main advantage to a sole proprietorship is..
A. Ease of entry
B. Financial capital is easy to obtain
C. Owners need little expertise in the day to day business
D. Limited liability for the owner
(I chose A)
3. The main disadvantage to a sole proprietorship is..
A. Profits must be shared
B. Difficult and expensive to open
C. Unlimited liability
D. Single taxation
(I chose C)
4. A variable cost...
A. Increases as production increases
B. Is a constant cost of production
C. Is always changing no matter the circumstance
D. Is a cost like managers salaries, rent, etc.
(I chose A)
5. An example of an explicit cost of production would be..
A. The cost of foregone labor earning for an entrepreneur
B. The cost of flour for a baker
C. The lost opportunity to invest in other capital markets when the money is invested in ones business
D. None of the above
(I chose B)
6. For a firm in a perfectly competitive market the price of the good is always equal to..
A. The government negotiated price
B. Whatever price the seller wants
C. Equilibrium market price
D. Total revenue
(I chose D)
Please let me know if my answers are correct, and if not, what numbers I got wrong! Thank you!
Answers
Answered by
Charlotte
my answers are:
1. B
2. A
3. C
4. A
5. B
6. D
1. B
2. A
3. C
4. A
5. B
6. D
Answered by
Ms. Sue
Taylor/Charlotte -- please use the same name for your posts.
You said that you don't have a text for this class.
Which school is providing these questions?
Where does it expect you to find these answers?
You said that you don't have a text for this class.
Which school is providing these questions?
Where does it expect you to find these answers?
Answered by
Charlotte
i must be in the same class as Taylor because this is the first question I have posted. it is an online class. are my answers correct? i looked for a long time to try to find them.
Answered by
Ms. Sue
Hmmm-- you and Taylor of the same Internet Provider number and probably the same computer.
What is the name of your school?
What is the name of your school?
Answered by
Writeacher
Study, study, study:
http://www.khanacademy.org/economics-finance-domain/
Search and re-search:
http://hanlib.sou.edu/searchtools/
and (not "or"!)
http://www.hackcollege.com/blog/2011/11/23/infographic-get-more-out-of-google.html
http://www.khanacademy.org/economics-finance-domain/
Search and re-search:
http://hanlib.sou.edu/searchtools/
and (not "or"!)
http://www.hackcollege.com/blog/2011/11/23/infographic-get-more-out-of-google.html
Answered by
Charlotte
Thank you so much, Writeacher, for the helpful resources!
Answered by
Writeacher
You're welcome.
You should double-check with that school. If you're paying for an online course without access to a text or a series of lectures or any other source of information, something is wrong. I have three grandchildren who have taken a variety of high school and university online courses, and ALL of them had access to texts, either in print or online.
You should double-check with that school. If you're paying for an online course without access to a text or a series of lectures or any other source of information, something is wrong. I have three grandchildren who have taken a variety of high school and university online courses, and ALL of them had access to texts, either in print or online.
Answered by
Charlotte
We are supposed to use our notes on the topics and the Internet to help us in our understanding of the course. I just needed to be pointed in the correct direction as to know where to look for these questions! There were multiple more that I was able to answer with my previously made notes. These were hard to find as there are many advantages/disadvantages with businesses! I care about my school work and just wanted to make sure I was understand the topic as I am studying for my final exam. Thank you for your help
Answered by
seyi
LIMITED LIABILITY FOR THE ONWERS
Answered by
seyi
EASE OF ENTRY
Answered by
seyi
UNLIMITED LIABILITY
Answered by
seyi
INCREASES OF PRODUCTION INCREASES
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.