Reed, Isaiah, Nia, and Taylor are all lawyers. After several years of working for big firms, they decide to pool their resources and start their own law practice together. The four of them will make all their business decisions together and will share all of the profits and financial risk. Their new law firm is an example of which business organization? * O Sole Proprietorship O Franchise O Partnership Corporation
Q: What is the principal advantage of the corporate form of business organization? Discuss the…
A: * ANSWER :-
Q: tock
A: A chief executive officer is the executive of a company being highest-ranked whose primary…
Q: Why might a firm wish to operate in more than one country? What are the two documents that…
A: Trading: It is a basic financial idea including the purchasing and selling products and enterprises,…
Q: Many economists argue that the South African government should implement a policy of privatisation.…
A: Answer: Introduction: Privatization refers to the systematic transfer of functions, and property…
Q: Compare and contrast the different intellectual property rights in terms of the following criterion:…
A: Intellectual property rights are the rights granted to individuals over their mental works. For a…
Q: Explain which of the two approaches you believe to be more beneficial, giving your reasons why?
A: Board of directors are appointed for the corporate governance. There is no age limit for board of…
Q: Question #1: What does relational economy mean to you?
A: The concept of Relationship Economy basically emphasis on recognition of each and every individual…
Q: The result of two firms joining to form a company is known as which of the following?Choose one…
A: There exist three major forms of business ownership and these forms are Sole proprietorship: In…
Q: What is your understanding of the nature of conflict? What are the stages of the Conflict Management…
A: Conflict is the disagreement or clash of the interest of two parties in the same situation.
Q: Economic efficiency of the legal process with respect to law suits requires the minimization of Ca +…
A: The measurement of social costs of legal processes is seen as necessary to gauge the efficiency of…
Q: Which of the following best describes the concept of corporate governance? Multiple Choice The legal…
A: Corporate Governance is the set of rules and regulations which helps in the regulation, operation…
Q: In the context of the shareholder wealth-maximization model of a firm, what is the expected impact…
A: Shareholder wealth-maximization model refers to be in favour of the shareholders and ultimately…
Q: How does crisis affect capitalist competition? (In relation to the size of the market and impact on…
A: ANSWER The crises in capitalism, often known as the "business cycle," is a ten-year cycle in which…
Q: Study Questions 1. Identify the major disadvantage of a sole proprietorship or a partnership. 2. How…
A: (1) The greatest drawback of a sole proprietorship is that there is no detachment between business…
Q: There were still pirates in the 1980s, although they tended to appear in corporate boardrooms rather…
A: The Raider selects takeover at the final decision node via backward induction.
Q: How do bargaining and command relations affect the size of profits created in a capitalist firm?
A: Let's we show that the as In a capitalist company the magnitude of the profit is affected by what…
Q: What were the the main influences on organizational structure during the 20th century? Describe one…
A: Main influences on organizational structure during the 20th century are 1.Modernisation…
Q: Which one of the following statements is incorrect about the Structure-Conduct-Performance Paradigm…
A: The structure, conduct, and performance paradigm (SCP) refer to the analytical framework that is…
Q: Compared to a corporation, a partnership is more difficult and expensive to establish.; True or…
A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…
Q: Why is Silicon Valley considered as one of the ideal models of entrepreneurial ecosystem? Provide…
A: Silicon Valley is a good example for entrepreneurship ecosystems all throughout the planet and it…
Q: Apple Corporation requires its top managers to own shares of stock in Apple equal in value to three…
A: The principal-agent problem in simple terms is the problem that occurs in the businesses and…
Q: A(n). is a way that individual firms are interconnected O microeconomy O industry O market structure…
A: In economics, firm refers to any company which seeks make profit by producing or selling various…
Q: Jane and Bill are apprehended for a bank robbery. They are taken into separate rooms and questioned…
A: The payoff matrix given shows the years of jail sentenced. The players will choose the lesser…
Q: Discuss
A: Introduction: When you hear "politics" or "political," what comes to mind? If you're like most of…
Q: Among the cases that we have analyzed, which acquisition do you think was the most ill-advised, and…
A:
Q: Which of the Anti-trust acts provided more specific guidelines to anti-trust legislation (for…
A: The anti-trust laws are introduced in order to prevent the activities that reduce the degree of…
Q: Scenario 17-2 Imagine that two oil companies, Big Petro Inc. and Gargantuan Gas, own adjacent oil…
A: Profit for Big Petro Inc. = Total revenue - Total cost
Q: Which of the following is not something that would typically motivate an entrepreneur to take a…
A: Introduction: An entrepreneur is a person who starts a new business and takes on most of the risks…
Q: There are four categories of formal power ; coercive power , reward power , legitimate power and…
A: We know that power comes with great responsibilities . All power comes with great responsibility…
Q: rue or False 1. A cooperative is a business organization owned by a group of individuals and is…
A: In sole proprietorship, there is only a single owner of the business/company. So, all the risks of…
Q: Given the nature of the commission split system, what is the primary financial incentive that real…
A: A commission split in real estate is the percentage that brokers and agents tend to get while…
Q: Explain system/mass theory and elite theories in public policy
A: The policy that depicts a set of actions being taken by the government for addressing issues that…
Q: 38. On January 7, Scott sends a letter to Aaron offering to sell his Xbox video game system for $50.…
A: Answer:- On 7st january - seller send his offer by letter to buyer. Offer:- seller wants to sell his…
Q: Discuss the differences between corporate level, businessunit level, and functional level…
A: Strategy can be described as any form of strategy with things to achieve better results in the long…
Q: Adam Smith's concept of the market system a) would not work without the preponderance of greed…
A: Adam Smith was a Scottish philosopher in the 18th century who was also known as the father of modern…
Q: Janine and John share profits of their partnership in the ratio of 2:3. If Janine's share in the…
A: With given ratio = 2:3 Jannie's share = 2/5 and john's = 3/5
Q: "Incriminating Evidence"–Marco Makes a Decision arco broke into a cold sweat as soon as he finished…
A: 1. Marco is forced to choose between the right thing and the pressure to save his job it is an…
Q: Which legal school of thought is illustrated in this dialogue? DONUT DAY AT THE OFFICE Part 4…
A: Critical legal studies of thought.
Q: Briefly describe the framework for risk assessment in innovation and explain its usefulness for…
A: The process of examining prospective occurrences that could result in the loss of an asset, loan, or…
Q: 2-Porter's Value Chain Model identifies activities where organizations can use competitive…
A: Porter’s Value Chain model states a strategic management tool which helps by breaking an…
Q: In his treatise, Wealth of Nations, Adam Smith wrote about that guided individuals to seek profit…
A: Correct : ''the invisible hand''
Q: In terms of general elections. A candidate will campaign and make promises. Voters have the option…
A: The principal-agent theory is an important theory in economics that has various applications. The…
Q: What is an economic bubble? A product of illegal asset trading. Assets that are worthless. The start…
A: Economic bubble refers to an economic cycle which shows rapid growth in an economy but good by a…
Q: What are the advantages and disadvantages of the unstructured organizational model?
A: Definition of unstructured organizational model An unstructured organisational model, often known as…
Q: Low-cost global communications networks such as the World Wide Web are helping to create electronic…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
A business organization is an entity aimed at carrying on commercial enterprise by providing goods or services, to meet needs of the customers.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Explain why liability is such a big problem in partnerships.What is the goal of an organizational ethics program? What are the essential elements of an organizational ethics program? Be specific! How would you implement them in your current or future organization.Dr. Heinz Doofenshmirtz and Perry the Platipus have decided to venture into farming. They both participated in the venture eqully well, so at the end of the year, their farm produced five geese, each laying golden egs. Perry and Dr. Doof have to decide how to divide these five geese among themselves -- there are no market where they could sell them and there is not sharing or time-share arrangements possible. In other words, either they use the goose or loose it. Evidently, they cannot split an egg-laying goose in half.(a) Give an example of economically efficient allocation of golden egg laying geese between Perry and Dr. Doof. Briefly explain why the allocation you provide is efficient. (b) Give an example of an allocation of geese between the two that you think is fair (equitable). Briefly explain why it is fair in your opinion. (c) If the allocation in (a) is not the same as the one in (b), is it possible to come up with an allocation of geese that would be both efficient and…
- ACTIVITY 3 1. You were given the following capital balances of the partners of thePinnacle Trading: Pablo Php 10,000.00 Norman Php 20,000.00 Christian Php 30,000.00 The partners agreed to divide profit or loss in the ratio of their capital balances. If the partnership earned a profit of Php 30,000.00 for the year, compute the share of Pablo, Norman, and Christian to the profit of the business. a. Share of Profit for Pablo = Php b. Share of Profit for Norman = Php c. Share of Profit for Christian = Php %3D1. Describe the characteristics of an oligopolistic market and explain whether it is socially efficient or inefficient. 2. What are the pros and cons of cost-benefit analysis in evaluating policy options? 3. What is a Herfindahl-Hirschman Index and the Lerner Index? How are the 2 indices related?ect.mheducation.com/flow/connect.html Saved Help Sav Suppose a corporation has two subsidiaries, one of which is unregulated and sells all of its output to the other, regulated subsidiary. Permitted profits at the regulated subsidiary are equal to 10 percent of total costs. The initial profit picture for the subsidiaries is provided in the table below: Regulated Subsidiary Unregulated Subsidiary $800,000 $ 500,000 $300,000 Total revenue N/A $1,000,000 $ 100,000 Total costs Total profit If the unregulated subsidiary doubles its selling price to the regulated subsidiary, what are the new profits at Instructions: Enter your responses as a whole number. (a) The unregulated subsidiary? profit = $ %3D (b) The regulated subsidiary? profit = $ lon & #3 %24 У h. *00
- Two firms dominate the market for surgical sutures and competeaggressively with respect to research and development. The followingpayoff table depicts the profit implications of their different R&Dstrategies.a. Suppose that no communication is possible between the firms; eachmust choose its R&D strategy independently of the other. Whatactions will the firms take, and what is the outcome?b. If the firms can communicate before setting their R&D strategies,what outcome will occur? Explain.Firm B’s R&D SpendingLow Medium HighLow 8, 11 6, 12 5, 14Firm A’s R&D Medium 12, 9 8, 10 6, 8 SpendingHigh 11, 6 10, 8 4, 6Toyota Motor Corporation operates in a oligopolistic market. How should firms reacte to a recession when selling products in a oligopolistic market? What strategies and/or implications for the firm and/or the market can be identified?Suppose there are two firms, and they are able to coordinate with each other. What are the expected profits for each firm if they successfully collude and split the market output equally? The answer has to be a number louin which only to trim 1 and 2 stud producer for de her dece how rare pers to pan and bring to town The Tes cenere fr ( Price Test Revenue land Total Pro 73 ༡ བྷསྶཀྐཏྟཊྛགྒཊྛངྒཱཊྛཱརཱབྷིཛྫོ 120 0 110 100 2000 93 2700 33 5000 71 2000 53 3840 50 3500 31 2010 130 20 2000 110 90 1133 130 4 ሰ
- Part 1 Consider the case of cell phone service. In Chile, there are 20 providers of cell phone service. On the other hand, in Uruguay, cell phone service is largely regulated by the government with only one firm as the sole provider of this service. Under these circumstances, it is expected that Choose one: A Chile and Uruguay will have similar growth potential. B. Chile will have higher growth potential than Uruguay. C. Chile will have lower growth potential than Uruguay. Part 2 Which institution explains your answer in Part 1? Choose one: A. stable money and property B. private property OC. competitive markets D. rule of law □ See HintSuppose two of the three firms wished to do a merger, and become one giant firm. If you were in the role of Anti-Trust regulator, state one potential downside and one potential upside of the merger, and if on balance, you would you favor allowing or blocking this merger? (you may pick a real world industry to use as an example) Edit View Insert Format Tools Table BI U Tン: 12pt v Paragraph v MacBook Pro G Search or type URL & 5. E T G H. K DWhen OPEC raised the price of oil dramatically in the mid-1970s, experts said it was unlikely that the cartel could stay together over the long term-that the incentives for individual members. to cheat would become too strong. More than fort),r years later, OPEC still exists. Why do you think OPEC has been able to beat the odds and continue to collude? Hint: You may wish to consider non-economic reasons.