Answered: What are the three major legal forms of…

What are the three major legal forms of business enterprises? Which form is the most prevalent in terms of numbers? Which form is dominant in terms of total sales revenues?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Starfruit, papaya, jackfruit, durian, sweetcorn, mangosteen, pineapple, Banana, Rambutan, Watermelon…

A: The self-sufficiency ratio refers to the ratio at which the economy can produce a self-sufficient…

Q: Identify some rules or laws that govern social responsibility in business. Also what is the…

A: The procedures that organizations take to examine their environmental and social effect are referred…

Q: a. The general government banks O b. The general government groups c. The general government sector…

A: The public and private sectors are two distinct domains within an economy, each representing…

Q: Fill in the table and use your answers to the questions to figure out which market type each…

A: Market structure is described as the situation where various industries are differentiated and…

Q: Explain the concept of restrictive covenants. When and why do they apply?

A: Restrictive covenants: When some property is bought and sold between parties then there is some…

Q: Explain the function of government below. Alteration of the structure of private production

A: Alteration of the structure of private production. It is very important for government to understand…

Q: What are the various taxes paid in the USA by corporations? Which of those has the most significant…

A: Corporate tax is the tax which is levied on the profit earned by the firms, industries and…

Q: What is the "rivalry" and "excludability" of the following goods? Also, if applicable, are they…

A: A good is consumed by an individual in an economy. These goods give some utility to the consumers by…

Q: Mr.Santos, an importer of raw materials from hongkong,was sad to know that the government has…

A: The conditions for production/running a business depend on many internal and external factors.…

Q: Cite specific ways on how the areas of legal and political environment could improve or impact…

A: There are many external factors that affect the company's environment.

Q: How has control over water been used as a tool of oppression? How have people resisted this…

A: Water can be stored in a large tank and through a hydraulic pump, it can be controlled easily,…

Q: When China and Japan got into a snit in 2010, China cut off Japan's supply of the Rare Earth…

Q: Question 2 Using Demand and Supply Curves in a diagram, show how what happens in an unregulated…

A: Consumer Surplus is the difference between consumer's willingness to pay and what he is actually…

Q: Chemistry

A: correct option is d efficiency focus on outcomes, but means also matters Step 1: Step 2: Step 3:…

Q: What is the nature and function of Government-owned and Controlled Corporations (GOCCs)? Site…

A: GOCCs are administered by the Governance Commission for Government-Owned or Controlled Corporations…

Q: How might privatization and exclusive property rights be the best way to protect endangered species

A: Privatization refers to the process of transferring ownership or control of government assets,…

Q: . Which of the following IS NOT required in order for an interaction to be deemed corrupt:…

A: Corruption is when those in positions of authority, such as managers or government officials, act…

Q: Understand the relationship of capitalism and popular culture

A: There are various schools of economic thought. Each economic theory has its own set of guidelines…

Q: What are the two main Classifications of law: Select one: a. Statutory and Constitutional b.…

A: The statutory law is the law, which is already written and passed by the legislature.…

Q: Governments regulate markets to achieve all of the following except which one? A. To expose domestic…

A: Government Regulations are laws that control the way in which a business operates.

Q: Arrive at the Money supply = Aggregate Demand and put in table Identify the labor market equilibrium…

A: The additional good produced by using the additional unit of factors is said to be the marginal…

Q: Describe three [3] World Trade Organisation (WTO’s) principles in global supply chains

A: The World Trade Organization (WTO) is an international organisation that administers international…

Q: ist out different types of Market structures. Which one is more realistic?

A: Market structure is the type of competition in the market where the prices and output are decided in…

Q: Discuss the biblical principles you see in the Constitution and how these principles can be applied…

A: The Constitution reflects several biblical principles that can be applied to business: (1) Rule of…

Q: 1.Which philosophers have discussed capitalism? What were their interpretations of it? Were there…

A: Capitalism In a capitalist economy, private people or companies own the capital assets. Workers…

Q: Question #1: A lot of media regulation is geared towards areas such as content (protecting…

A: The study of how economic ideas and principles relate to the media sector is known as media…

Q: Which one of the following is not a role of a National Governing Body? Question 22Answer a.…

A: The objective of the question is to identify the role that is not typically performed by a National…

Q: Based on the information in this chart, what economic impact did construction of the Erie Canal…

A: From the chart it is clear that the construction of Erie canal create a lot of positive impacts.

Q: 1. What are some of the ways in which capital evercises influence over the State? (List 3-4 ways)

A: * ANSWER :- As per guidelines I answered first question only *(1)

Q: of the biggest challenges for these countries is the transition from state-owned enterprises to…

A: Government-owned companies refer to those enterprises which are owned and operated by the government…

Q: hat scientific and technological discovery or innovation made during the period 1945 to 1982…

A: The industrial and technological history of Canada holds the development of the country in the areas…

Q: specify which issues below are “Distributive”, “Compatible”, or “Integrative”. 1. First-year…

A: A number of differences in interests and objectives leads to interdependence of several players.…

Q: Why would a public company not be the right form of ownership for their business

A: Public company is controlled by the government.

Q: All of the following characterize our concern for privacy except a. our desire to be part of a…

A: Privacy means a state in which an individual is observed or disturbed by any of the person.

Q: Compare and contrast a market economy as described by Adam Smith with the modern structure of…

A: We have show that Àdam Smith addressed personal responsibility and competition during free…

Q: ome economists argue that government intervention is needed in addressing the issue of market…

A: In a free market where the prices of goods, the supply of goods and the demand for it are the basic…

Q: Which of the following is NOT generally considered a theme in the political and economic development…

A: * ANSWER :- From the given information the answer is provided as follows ,

Q: "Consumer sovereignty" means that buyers determine what will be produced based on their "dollar…

A: Customer sovereignty is an economic concept based on the premise that the consumer controls the…

Q: Give an example of a good or service that should not be allocated entirely by a free, unregulated…

A: Under the free market system the demand and supply forces decide the types of goods and services…

Q: What are PILOTs and why might a nonprofit be willing to participate in a PILOT? Explain the common…

A: A nonprofit organization (NPO) is a form of organisation that functions for the benefit of the…

Q: strial Design immediately?

A: An industrial design might consist of two of the dimensional features, such as patterns,color or…

Question

What are the three major legal forms of business enterprises? Which form is the most prevalent in terms of numbers? Which form is dominant in terms of total sales revenues?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

35. Whose responsibility is it to settle disputes between states? a. United Nations b. Federal Courts C. The President d. Congress 36. In order for territories to become states, they must first...? Write a Constitution
Discuss if state ownership is the right ownership for efficiency
What was the corporate response during the time of 1st era in the history of environment and business? Proactive High integration Anticipatory Reactive
Do you think the advantages of a single party-state outweigh the disadvantages? Explain.
Public goods area. efficiently provided by market forces.b. underprovided in the absence of government.c. overused in the absence of government.d. a type of natural monopoly.
Describe the difference between a property rule and a liability rule? What legal enforcement mechanism is most appropriate for either one?
37. In a command economy a central authority determines What, How, and for Whom to produce. True or False 38. Name the smallest type of business organization in size, yet the most numerous and profitable is Sole Proprietorship. True or False the marlkot
What document must you file with the state before you will be allowed to form your corporation? which do not have that filing requirement are: Two (2) forms of business organization Blank # 1 Articles of Organization Blank # 2 Blank # 3 A/
If a dispute arises over interpretation or implementation of the Charter, which one of the following handle the dispute first? a. Commission for the Settlements of Disputes b. Supreme Council c. Ministerial Council d. All of the above
SELECT ALL THAT APPLY. The basic characteristics of a case that determines which court has jurisdiction over it includes the involvement of the federal government the involvement of the Constitution how serious an offense is involved how powerful the parties to the case PREVIOUS NEXT
1. According to Robert Reich, what is the goal of a business? a. Preserving the environment b. Creating and adhering to corporate social responsibility guidelines c. Generating profit 2. True or false, Simpson argues global corporations enhance economic freedom and their power causes conflicts of interest and social problems. a. True b. False 3. Which of the following is a rule that the Macdonald and Williams-Jones argue need to be applied if a company is going to use genetic testing or screening on their employees? a. It must be mandatory b. The employee must pay out of pocket for the procedure c. The employee cannot be terminated due to the test results 4. According to Pava, why should businesses be required to adhere to corporate social responsibility standards? a. They are involved in more than just making money b. They effect the environment c. They effect the lives of their employees d. All the above 5. Why does Palmer reject government intervention in controlling the timber…
● Bookmark Review E SECTION 1/16 OF 50 National Powers ? Which power best completes this diagram? A. Create courts B. Declare war C. Maintain order D. Conduct elections Shared Powers Collect taxes State Powers Establish public schools