question archive Instructions: a) Total Marks: 5 Total number of questions: 5 b) You are required to do it independently and submit it individually
Instructions: a) Total Marks: 5 Total number of questions: 5 b) You are required to do it independently and submit it individually
Subject:BusinessPrice: Bought3
Instructions:
a) Total Marks: 5 Total number of questions: 5
b) You are required to do it independently and submit it individually.
c) A final answer without any necessary steps of work (where needed) will get zero credit. Please explain in details.
d) I am indifferent towards hand written or typed submission.
f) Please directly submit to the Dropbox. Only PDF or Word file is accepted!
g) Directly copy and paste the class notes or textbook will be considered as Plagiarism and academic cheating. Please answer in your own words.
g) The questions come from Chapter 9, 10 and 11
Q1. (1)What are the four principles to design an efficient and effective origination?
(2) What are the differences between line activities and staff activities?
(3) What are critical tasks in business? How can we identify critical tasks?
(4)Discuss the advantages and disadvantages of centralized versus decentralized decision making and under what kind of situation to choose each of them.
Detailed information and discussion is necessary. (1.5 point)
Q2. What are the advantages and disadvantages of Corporation? What are the advantages and disadvantages of Sole Proprietorship? Detailed information and discussion is necessary. (0.75 point)
Q3. Based on the definition, compare three types of Partnership (General Partnership, Limited Liability Partnership and Registered Limited Liability Partnership) and find their major differences. Detailed information and discussion is necessary. (0.5 point)
Q4. Explain the 8 factors to consider when evaluating various legal structures. You are required to compare 3 legal structures for each factor. Detailed information and discussion is necessary. (1.25 points) (Hint: Please see the additional class notes of Chapter 10 on the student portal)
Q5. What is the incremental analysis? Use the incremental analysis to find the Economics efficiency in the following production table. (1 points) Detailed information and discussion is necessary. (Hint: Please see the additional class notes of incremental analysis of chapter 11 on the student portal)
|
Output (Q) |
Net Revenue |
Marginal Revenue |
Amount of Labor |
Total cost of Labor |
Marginal cost of Labor |
|
0 |
0 |
0 |
0 |
||
|
20 |
900 |
900 |
1 |
400 |
400 |
|
50 |
2100 |
1200 |
2 |
900 |
500 |
|
84 |
3500 |
1400 |
3 |
1600 |
700 |
|
110 |
4600 |
1100 |
4 |
2380 |
780 |
|
120 |
5440 |
840 |
5 |
3180 |
800 |
|
126 |
5990 |
550 |
6 |
4030 |
850 |
|
122 |
5890 |
-100 |
7 |
4910 |
880 |
