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Author Question: ________ systems are used to keep inventory levels more or less constant. A) Conversion B) ... (Read 72 times)

CharlieWard

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on: Jul 6, 2018
________ systems are used to keep inventory levels more or less constant.
 
  A) Conversion
  B) Reordering
  C) Inventory
  D) Statistical process

Question 2

Discuss the three different forms entrepreneurs can select from when launching a new venture.
 
  What will be an ideal response?


chloejackso

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Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

Entrepreneurs can select from proprietorships, partnerships, or corporations as legal forms when launching their businesses. A proprietorship is a form of business that is owned by one person. It is easy to form and requires a minimum of paperwork. The owner keeps all of the profits and makes all of the important decisions without having to get the approval of co-owners. A partnership is a form of business that is an association of two or more persons acting as co-owners of a business. Each partner provides resources and skills and shares in the profits. A partnership can raise more capital than a proprietorship and can provide complementary skills that can create more opportunity for the enterprise. Each partner is responsible for the acts of the other partners. A corporation is a legal entity separate from the individuals who own it. It is more complex and costly to form and operate than a proprietorship or a partnership. The benefit of forming a corporation is limited liability.


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