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Archive for May 2020

What are the advantages and disadvantages of a sole proprietorship?

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What are the advantages and disadvantages of a sole proprietorship? PROS: simplest and least expensive form of ownership to establish, single owner...

What are the characteristics of the four basic forms of business ownership?

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What are the characteristics of the four basic forms of business ownership? SOLE PROPRIETORSHIP (owned and usually managed by a single person), PARTNERSHIP...

Design of a site takes place on 3 levels:

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Design of a site takes place on 3 levels: 1. Level of the link- wording or images designed to induce a click 2. Level of the page/ screen- how to...
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Trending Questions

  • Outline how the conversion process transforms raw materials, labor, and other resources into finished goods or services.
    Outline how the conversion process transforms raw materials, labor, and other resources into finished goods or services. A business tra...
  • Explain the difference between and the economic relevance of fixed costs, sunk costs, variable costs, and marginal costs.
    Explain the difference between and the economic relevance of fixed costs, sunk costs, variable costs, and marginal costs. Answer: Sunk Cost:...
  • Understand the two major components of a marketing strategy—target market and marketing mix.
    Understand the two major components of a marketing strategy—target market and marketing mix. A marketing strategy is a plan for the be...
  • Discuss three factors that influence whether the demand for a given product is relatively elastic or inelastic.
    Discuss three factors that influence whether the demand for a given product is relatively elastic or inelastic. 1. Availability of consumpti...
  • Find the Degree of Operating Leverage and the breakeven quantity.
    Find the Degree of Operating Leverage and the breakeven quantity. Answer: DOL= Q(P-AVC)/Q(P-AVC)-TFC,
  • Calculate input demand and the cost-minimizing combination of inputs and use isoquant analysis to illustrate optimal input substitution.
    Calculate input demand and the cost-minimizing combination of inputs and use isoquant analysis to illustrate optimal input substitution. Ans...
  • Contemporary Views on Motivation: Equity Theory
    Contemporary Views on Motivation : Equity Theory • People are motivated to obtain and preserve equitable treatment for themselves. • ...
  • Calculate a cost function from a production function and explain how economic costs differ from accounting costs. For the cost function C(Q) = 629.0 + 22.0Q + 10.0Q2, the marginal cost of producing 4.0 units of output is:
    Calculate a cost function from a production function and explain how economic costs differ from accounting costs. For the cost function C(Q)...
  • What is the lowest level of production and sales at which a company can break even on a particular product?
    Cost-volume-profit (CVP) formula: px = vx + FC + Profit p is the price per unit, x is the number of units, v is variable cost per un...
  • Differentiate between business model blow-up, revenue blow-up, and cost blow-up.
    Differentiate between business model blow-up, revenue blow-up, and cost blow-up. Answer: On the business model blow-up, fundamentally rethin...

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