Answer to Question 1
B
Not-for-profit businesses do not have stockholders to share in their successes and profits. All of the profits are channeled directly back into the business for its maintenance and growth. For-profit businesses distribute a certain portion or percentage of their profits to their shareholders as appreciation for their fiscal investment in the company.
Answer to Question 2
A
Price elasticity refers to the price that a person is willing to pay for any given item. Its general rule states that when the cost of an item or service goes up, the demand goes down. The principle, however, does not always apply when dealing with health care issues, due to the public's belief that they are entitled to the best available health care, the state-of-the-art treatments, and innovative new techniques and medications, many of which are expensive due to their newness and the overhead necessary for production.
Sample budget spreadsheet form for first year of business.
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
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