The journal entries are as follows,
1st Jan
DR Cash $30,000
CR Common Stock $10,000
CR Stock Premium $20,000
What is journal entry?Journal entry is the double entry that is recorded by businesses to record the transactions of the business. The double entry or the journal entry records the double accounts effect. After posting of journal entries, the entries are then posted to T-account then this T- account helps preparing trial balance which then is used to prepare income statement and balance sheet.
5th Jan
DR Land $18,000
CR Notes Payable $18,000
9th Jan
DR Container equipment $7,800
CR Cash $7,800
12th Jan
Hiring employee would not require a journal entry.
18th Jan
DR Cash $11,800
CR Rental Income $11,800
23th Jan
DR Office supplies $1,800
CR Notes Payable $1,800
31st Jan
DR Salary expense $5,400
CR Cash $5,400
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your grandfather invested $2,000 in a stock 49 years ago. currently the value of his account is $208,000. what is his percentage compound rate of return over this period?
In a stock, your grandfather put $2,000 into it 49 years ago. His account currently has a $208,000 value. His compound annual return over this time period was 0.15%.
The compound return is a rate of return, typically stated as a percentage, that illustrates the cumulative impact that a number of gains or losses have over time on an initial quantity of capital. The annualized rate at which capital has compounded over time is what is indicated by the reported percentage of compound returns, which is how they are typically expressed. Compound annual growth rate is the name given to a compound return when it is presented in yearly terms (CAGR). The compound return is seen to be a far more accurate indicator of an investment's performance over time than the average return.
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Which department of homeland security division is not a focus of hsarpa efforts?
S&T's Homeland Security Advanced Research Projects Agency of homeland security division is not a focus of hsarpa efforts.
Studies is "creative and systematic work undertaken to increase the stock of know-how". It includes the collection, organisation and analysis of facts to growth information of a subject or issue. A studies mission may be a variety on past paintings within the subject.
Research is described because the creation of new knowledge and/or the use of current understanding in a brand new and creative manner on the way to generate new standards, methodologies and understandings. this could include synthesis and analysis of preceding studies to the volume that it ends in new and innovative outcomes.
Research is a device by using which they can check their personal, and each others' theories, with the aid of using this antagonism to discover a solution and improve understanding.
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In the context of strategic pricing, __________ takes place whenever a firm sells a product for a price that is less than the cost of producing it.
In the context of strategic pricing, dumping takes place whenever a firm sells a product for a price that is less than the cost of producing it.
Strategic pricing units a product's fee primarily based totally at the product's cost to the patron, or on an aggressive approach, in place of at the price of manufacturing.
A commercial enterprise can use a lot of pricing techniques whilst promoting a product or service. To decide the simplest pricing approach for a company, senior executives want to first discover the company's pricing position, pricing segment, pricing functionality and their aggressive pricing response approach.
Benefits of a very strategic pricing approach
Symbolizes cost: Consumers generally tend to companion much less luxurious merchandise with cheap, once in a while shoddy, manufacturing values. Products of a better fee have a tendency to be related to better cost. Attract buyers: If a fee is simply too high, the patron won't be capable of coming up with the money for it.
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how much interest is earned in the fourth year by $1,000 invested under compound interest at an annual effective interest rate of 5%?
The interest earned in the fourth year by $1,000 invested under compound interest at an annual effective interest rate of 5% is $57.875.
What is interest?When someone borrows money, they consent to repay it plus interest, which is an additional sum of money.
There are various uses for interest. It is employed in consumer and commercial lending for credit cards, auto loans, personal loans, student loans, mortgages, and other financial products. In order to encourage customers to maintain their money in a specific sort of account, it is also utilized in banking products.
Interest serves as a financial institution and an individual's motivation to lend money.
Given:
Initial amount, P= $1000
Rate of interest, R= 5%
R= 0.05
We know the final amount after t years is given by
[tex]A=P [1+\frac{R}{100}]^{t}[/tex]
So, the final amount after 4 years will be
[tex]A_{4}=1000[1+\frac{5}{100}]^{4}[/tex]
=1215.5
The final amount after 3 years is given by
[tex]A_{4}=1000[1+\frac{5}{100}]^{3}[/tex]
=1157.625
Therefore, the interest earned in 4th year will be
[tex]A_{4}-A_{3}[/tex] = 1215.5 - 1157.625
=57.875
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Integrated marketing communications (imc) is different from traditional promotion mix strategy in a way that imc _____.
Integrated advertising communications (imc) is distinctive from traditional merchandising mix approach in a way that imc is a holistic and interrelated selection process.
The purpose of marketing is to create attention of a company and generate sales. IMC, on the other hand, aims to combine the a number promotional equipment and strategies used by a organization to make sure that regular messages are delivered that creates a more powerful affect on the minds of the consumers.
What is the difference between promoting combine and integrated advertising communication?The key distinction between IMC and promotional mix is that IMC refers to conveying a brand message to its centered target audience to trap customers for purchases whereas promotional mix refers to the integration of advertising, private selling, income promotion, public family members and direct advertising and marketing to entice target audience.
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An auditor cannot verify the reliable operation of programmed controls by manually repeating the processing of the incoming data as of that moment and contrasting the predicted outcomes with the actual results.
What is an accounting application?All accounting transactions are captured and recorded by a software program known as an accounting application. Accounts payable, accounts receivable, inventories, and other tasks are frequently broken down into modules.The three accounting systems are cost, managerial, and financial accounting systems.Organizations gather, manage, store, process, retrieve, and report financial data using accounting information systems (AIS). Managers, Chief Financial Officers, Business Analysts, Auditors, and Regulators can all use AIS.To learn more about accounting applications, refer
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during its first year of operation, cade company experienced the following events. (1) issued common stock for $7,000 cash. (2) earned $5,000 of cash revenue. (3) paid $3,000 of cash expenses. (4) paid cash dividends amounting to $1,000. before closing on december 31, the balance in the retained earning account would be
Before closing on December 31, the balance in the retained earning account would be $1,000
What are retained earnings?
Retained earnings are earnings retained in the business out of the net income, which are not paid to shareholders as dividends, in other words, the retained earnings can be ascertained as the net income of the company made in the year minus the portion of net income paid to stockholders as dividends.
retained earnings=net income-dividends
net income=cash revenue-cash expenses
cash revenue=$5,000
cash expenses=$3,000
net income=$5,000-$3,000
net income=$2,000
cash dividends=$1000
retained earnings=$2,000-$1,000
retained earnings=$1,000
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What is the name for the process by which information is collected, recorded, and analyzed so that a company can make informed decisions about its marketing efforts?
Marketing research is the method by which information is collected, recorded, and analyzed so that a company can make informed decisions about its marketing efforts.
What is meant by market research?This is the way that a particular business would go out in order to gather information about a particular market. That is especially when they are in the process of bringing a new good to the market. This would help them to identify their target customers for the particular brand.
Hence we can say that Marketing research is the method by which information is collected, recorded, and analyzed so that a company can make informed decisions about its marketing efforts.
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while consumers often seem irrational in their behavior when making purchase decisions, all consumers follow a process. their ultimate goal of relieving the tension caused by unsatisfied needs is achieved by following a stepwise process of problem solving. different consumers spend different amounts of time on each step of the consumer decision process based on the nature of the problem and the experience they have trying to solve a particular problem.
People's perceptions of the benefits and risks of a given technology are crucial to their acceptance of it and, consequently, to their willingness to use it.
It has been suggested that customers' views are commonly created based on heuristics and biases, or other characteristics like trust or affect, due to resource limitations. Heuristics reveal that although some consumer actions seem illogical, they are actually quite predictable.Prior to the development of scientific risk analysis, people used 'intuitive toxicology,' or the use of the senses to identify toxicological dangers. Consumer product ingredients, like food additives and cleaning products, are subject to extensive risk assessment, but the procedures are complicated and there is ongoing debate about the degree of uncertainty involved. Additionally, there is a wealth of false information about these purportedly dangerous chemicals available on the internet.Thus this is the answer.
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an economic model is developed from a set of assumptions about consumer behavior and predicts that people will buy less of a good the higher the price of the good. empirical testing of this model would involve part 2
Empirical testing of this model would involve the collection of data to evaluate the usefulness of the model.
An economic model is a condensed description of reality that produces testable hypotheses about how the economy will behave. An key characteristic of an economic model is that, due to the lack of any objective metrics for economic results, its design must unavoidably be subjective.
Empirical testing is a type of research that makes use of both direct and indirect experience and observation.
A researcher bases their hypothesis on a certain theory they have about their research topic. The hypothesis or research topic is then used to generate a number of predictions by the researcher. A suitable test can then be used to check those predictions.
The answer to the research question or hypothesis will determine whether the hypothesis is accepted or denied.
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In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of___________ decision making.
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.
It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
Rational decision-making examples include:
● A student chooses what to study in his post-secondary education.
● A commercial choice regarding what to buy for the company.
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Suppose that both of the events you have just analyzed are partly responsible for the decrease in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the decrease in the price of hamburgers?.
If the equilibrium quantity of hamburgers increases, then the supply shift in the market for hamburgers must have been larger than the demand shift.
The demand curve shifts to the correct. It occurs because people change by reversal to consuming pizza rather than hamburgers. With the new demand curve and also the given supply curve, the new equilibrium price increases.
A decrease in demand and a rise in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity can not be determined. For any quantity, consumers now place a lower value on the price, and producers are willing to just accept a lower price; therefore, price will fall.
The demand curve shifts to the proper. It occurs because people turn to consuming pizza rather than hamburgers. Pizza and hamburgers are substitute goods. When the worth of substitutes decreases then demand for goods decreases similarly.
So, if the value of hamburgers has decreased then this can lead to decrease in demand for pizza. Given the provision of pizza, this decrease in demand for pizza will end in an increase within the price of pizza.
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Income summary is a temporary account only used for the closing process. true false
Income summary is a temporary account only used for the closing process. False
How Do Closing Entries Work?
An accounting closure entry is a journal entry that is made at the end of a period of accounting and entails moving information from temporary accounts on the income statement to permanent accounts on the balance sheet. Revenue, costs, and dividends are all considered temporary accounts, and these accounts must be closed at the conclusion of the accounting year.
The general ledger, which serves as the database for a company's financial information, is closed out with a closing entry that resets all temporary account balances to zero.
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When customers in different segments differ in their response to marketing mix variables, the segments are ______. multiple choice question.
When customers in different segments differ in their response to marketing mix variables, the segments are heterogeneous.
Before examining the layouts, preparing the documents is a crucial step. The document segmentation system in marketing described in this study divides a heterogeneous printed document into homogeneous parts, such as halftones and images, texts, and tables with their unique cells.
The extraction of halftone photographs, extraction of tables, and segmentation of text blocks are three independent modules that are used to segment homogeneous components from an input document page in three processes.
A heterogeneous market is one in which potential customers for any given product are not found to be uniform in their demands, habits, preferences, nature, etc. Market segmentation is the process of breaking up large, diverse marketplaces into smaller, more homogeneous groups of customers.
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the is where borrowers and mortgage lenders come together to create and negotiate the terms of a mortgage transaction.
The primary mortgage market is where mortgage originators and borrowers meet to discuss conditions and complete a mortgage transaction.
More about primary mortgage market:
The market where borrowers can get a mortgage loan from a principal lender is known as the primary mortgage market. The primary mortgage market is dominated by banks, mortgage bankers, mortgage brokers, and credit unions, who are all major lenders.
In the primary mortgage market, numerous stakeholders take part. There are many different loan originators who will work with the borrower to generate a real estate loan in addition to the fact that borrowers are undoubtedly in the market looking for money.
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The primary reason for adopting total quality management (tqm) is to achieve? reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
The primary reason for adopting total quality management (tqm) is to achieve greater customer satisfaction reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
What is customer satisfaction?
Customer satisfaction (CSAT) is a metric for gauging how well a company's goods, services, and general customer experience live up to expectations. By demonstrating how well your goods or services are received by customers, it represents the health of your firm. You must welcome consumers and speak to them in a way that is natural and appropriate for the given circumstance if you want to develop strong customer relationships.
Therefore,
The primary reason for adopting total quality management (tqm) is to achieve greater customer satisfaction reduced delivery time. reduced delivery charges. greater customer satisfaction. greater employee participation.
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Heritage glass in rural tennessee expects 60 to 70 percent of its sales to come from regions outside of the united states including the philippines, europe, and south america. Heritage glass has a _____ vision.
The fact that Heritage glass expects most of its sales to come from outside the United States means that is has a Global Vision.
What is a global vision?A global vision for a company means that the company is looking towards purchasing and selling things on the global market.
This is what Heritage Glass hopes to do by selling most of its produces to regions that are outside of the United States. Having a global vision means that a company will have access to more customers but will also incur greater costs.
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an organization uses a formula to compute the reorder quantity of an item in inventory. this is an example of a(n) decision process.
An organization uses a formula to compute the reorder quantity of an item in inventory. this is an example of a(n) Structured decision process.
This is further explained below.
What is a Structured decision process.?Generally, The method of structured decision-making is a strategy for conducting an in-depth and well-organized study of management choices pertaining to natural resources.
In conclusion, SDM is not a method that is rigorously specified for the process of issue solving; rather, it is an approach that is founded on decision theory and risk analysis and comprises a straightforward collection of ideas and useful activities.
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Ou want to form a portfolio of stock a and stock b. stock a has a beta of .85 and stock b has a beta of 1.6. if you invest $6,000 in stock a and $4,000 in stock b, what is the portfolio beta?
The portfolio beta, in this case, is 1.15 since it is a weighted average of the individual betas.
Including closed-end funds and exchange-traded funds, a portfolio is a collection of financial investments such as stocks, bonds, commodities, cash, and cash equivalents (ETFs). Most people think that a portfolio core consists of bonds, equities, and cash.
A weighted average of the betas of the different equities makes up the portfolio beta, as was previously explained.
As a result, it is calculated as:
= (Beta of stock A x Weight of stock A) + (Weight of stock B x Beta of stock B)
How to solve:
= (6,000 / (6,000 + 4,000) x 0.85) + (4,000 / (6,000 + 4,000) x 1.6)
= 0.51 + 0.64
= 1.15
The portfolio beta is 1.15, to sum up.
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Interest charges on customer debit balances are based on the? a prime rate b federal funds rate c treasury bill rate d broker loan rate
Interest charges on customer debit balances are based on the broker loan rate as recommended from time to time by the broker of the account. Therefore, the option D holds true.
What is the significance of interest charges?The interest charges can be referred to or considered as the rate at which interest is levied on the debit balance in the margin account held under the name of a customer. It is always chargeable as per the recommendations of the broker loan rate.
Therefore, the option D holds true and states regarding the significance of interest charges.
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The total annual income received by residents of a single nation is reflected in which official measure?.
The total annual income received by residents of a single nation is reflected in Gross national income.
What is Gross National Income?Gross National Income (GNI) is a metric used to determine a nation's income. It covers all domestic and international earnings from enterprises, residents, and other sources. All employee compensation, along with investment gains, is referred to as income.
Any additional product taxes are included in GNI, excluding subsidies. Only residents who work overseas are included in the calculation; foreigners who live and work in the country are not. It excludes the shadow or black economy, just like GDP does.
While there are a few uses for GNI, it is mostly used to classify and group economies using purchasing power parity and the per capita technique to compare the living standards of various nations.
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Simple majority voting sometimes leads to projects being undertaken whose costs are greater than the benefits. how is this possible? group of answer choices
Simple majority voting sometimes leads to projects being undertaken whose costs are greater than the benefits. This is possible because voters have no way to express the intensity of their preferences.
The majority rule is a choice rule that selects options that have a majority, this is, greater than half the votes. It is the binary decision rule used most customarily in influential decision-making bodies, together with many legislatures of democratic countries.
Condorcet's most popular contributions to political technological know-how are Condorcet's voting Paradox and the Condorcet technique. Condorcet's Paradox takes place while "majority regulations" in reality fails.
When a Condorcet technique is used to determine an election, the vote casting paradox of cyclical societal alternatives implies that the election has no Condorcet winner: no candidate who can win a one-on-one election against every other candidate.
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Fast-food chains like mcdonald's, burger king, and wendy's operate all over the united states. therefore, the market for fast food is a national market. this statement is?
This statement is false. People generally buy fast food locally and do not travel large distances across the United States just to buy a cheaper fast food meal.
What is fast food?Food that is quickly prepared and served at a low cost is referred to as "fast food." Snack bars and other speciality restaurants and stands frequently serve it.
Because it takes individuals less and less time to make meals for themselves, the fast food industry, which is extremely large and profitable, is growing.
Quick-to-prepare meals are not a novel concept at specialty stores. In major cities ever since the Roman Empire, there have been soup kitchens and shops offering bread and wine. Street hawkers provided the majority of the poor bourgeoisie with their food. Along with bread and wine, the sellers also had a large selection of prepared vegetables, such as peppers.
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The _____ in a limited partnership has(have) limited involvement in the business and suffer loss only to the extent of their business investments.
The limited partners in a limited partnership have (have) limited involvement in the business and suffer loss only to the extent of their business investments.
Limited partners participate in profits and losses without having to participate in the business itself. Each partner is separately responsible for the debts and liabilities of the company. If the company does not have sufficient assets to pay its business debts, creditors can take over the personal assets of the shareholders.
The difference between a limited partnership and an LLLP is that the responsibilities of the general partner of an LLLP are the same as those of the limited partner. This means that all partners' liability is limited to their investment in the company.
Owners are personally responsible for the company's debts, losses, and liabilities. Sole proprietors are not taxed separately from their owners. All gains and losses are treated like pass-through units. A partnership is formed when a company has two or more owners.
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At year-end, a trial balance showed total credits exceeding total debits by $5,800. this difference could have been caused by?
At year-end, a trial balance showed total credits exceeding total debits by $5,800. this difference could have been caused by the balance of $ 6520 in the office equipment account being entered on the trial balance as a debit of $ 720.
The difference is because the equipment has been beneath stated in trial stability by using $ 5800 because of which the debit facet is discreet by using $ 5800. If this mistake is corrected then the trial stability will fit. The remaining options are incorrect as those mistakes do no longer result in an awful lot of misstatement of $ 5800 inside the trial balance.
The total debit column of the trial balance has to believe the full of credit score column in the trial balance due to the fact the money owed is based totally on the double access device. The debit aspect and the credit score side ought to stability, meaning the value of the debits has to equal the fee of the credits. a tribulation balance will not stabilize if both sides do now not do the same, and the motive has to be explored and corrected.
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the economists at jet consulting consider campbell’s soup to be an inferior good. during a recession, when the income in the economy is decreasing, economists at jet consulting would expect the demand curve for campbell’s soup to
Economists at jet consulting would expect the demand curve for campbell’s soup to shift to the right; increase; increase the above is the correct solution/answer to this situation.
The Demand Curve: What Is It?The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
Knowledge of the Demand CurveThe law of demand states that when the price of a given good rises, the quantity required falls, all other things being equal. This is expressed by the demand curve moving downward from the left to the right.
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a local university offers business courses for a target market of people who currently work and want to take refresher courses for certification in their business field (marketing, accounting, etc.). what would be the most effective way to communicate with the target market, bearing in mind that communication must be both effective and economical?
a local university gives business publications for a goal marketplace of individuals who presently work and need to take refresher guides for certification of their business discipline (marketing, accounting, and so forth.). it would be the handiest manner to speak with the target marketplace, bearing in mind that conversation has to be each powerful and in your price range: advertise in the local newspaper.
Accounting also referred to as accountancy, is the dimension, processing, and communication of monetary and nonfinancial information about monetary entities along with organizations and organizations. Accounting is the process of recording financial transactions relating to a commercial enterprise
Accounting is a term that describes the method of consolidating monetary records to make them clean and comprehensible for all stakeholders and shareholders. the main intention of accounting is to document and document an agency's financial transactions, financial overall performance, and cash flows. whilst accounting does require a complicated set of capabilities and skills, as well as notable attention to detail, it certainly isn't always any extra hard than among the different famous fields of observation that result in excellent lifelong profession possibilities.
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consider the market for hamburgers in an economy where the market equilibrium is characterized by a quantity of hamburgers of 50 million and a price of $5.00 per hamburger.
The market for hamburgers in an economy where the market equilibrium is characterized by a number of hamburgers of 50 million and a price of $5.00 per hamburger the opportunity cost of producing the last hamburger equals the marginal benefit of consumption.
The equilibrium quantity of hamburgers is fifty million. The equilibrium price of each unit of hamburgers is five dollars. The economic system is producing at fifty million output and five dollars price. this implies that the financial system is in equilibrium. At equilibrium, the price of manufacturing might be equal to the gain. for that reason, we are able to say that the financial system is producing at an efficient level.
In case the price is better than the marginal gain it implies that production is inefficient. A marketplace final results in which the quantity provided is equal to the quantity demanded. the selections of customers and manufacturers are delivered in concord with one another, and the amount demanded will equal the quantity furnished.
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which choice best describes why it is important to incorporate the requirements into the project scope statement?
It is important to incorporate the requirements into the project scope statement because without it project managers would have no clue what time, cost or labor was involved in a project.
What is project scope statement ?
To guarantee that teams deliver their work on schedule and to specification, a project management plan is essential. However, before project managers can create a thorough strategy and a project team can carry out that plan, everyone must understand what work has to be done and why it is crucial.
The project scope statement enters the picture in this situation. The work that must be done in order to complete a project on schedule and within the authorized budget is thoroughly described in the project scope statement. The project's goals and its results, such as a product that a corporation is releasing to the market or analysis that leadership will use to make an informed business choice, are also listed in the document.
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Under the ____ form of ownership, the business dissolves upon the owner's death.
In the case of a partnership, the company disintegrates at the passing of each partner.
What does partnership mean in plain English?
A legal agreement between two or more parties to run a business and distribute the profits is considered a partnership. Partnership arrangements take a variety of forms. One type of business where partners may have restricted liability is a partnership where everyone parties share profits and liabilities equally.The following are the basic characteristics of a partnership: - It takes two or more people to form a partnership - It must be agreed upon in writing or verbally by everyone involved - It must be for the purpose of conducting business - Any or all of the partners may operate the business.Two heads are better than one, which in itself is one value of a partnership. Your organization is simple to establish and has minimal startup expenditures. The business has access to additional funding.To learn more about Partnership in business, visit:
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