Answer:
Note - Not considering the country in which the business is being set up
I would be choosing "Limited Liability Partnership" form of organisation as that will minimize the risk of potential lawsuits as well as taxations
The other two forms are:-
Partnership - I would not choose this form of organisation as the liability for the partners are unlimited here hence it will maximize the risk of potential lawsuits.
Private Limited Company - I would not choose this form of organisation as the tax rate for this form of organisations are higher than the rest.
Explanation:
Opportunity cost is the loss due to forgoing one opportunity to select another one alternative.
In this case, the forgone alternative is the full-time employment and other expenses for the term when the alternative chosen is to be in school. In this case, room and board expenses remain the same whether in school or working full time and thus not considered. The part-time amount earned while at school is subtracted as it would be compensated be during full time employment.
Therefore;
Opportunity cost = $20,000+$10,000+$1,000-$8,000 = $23,000
Answer:
Standards or criteria that will be used
Explanation:
A project charter is an informal contract between a project team and the project sponsor. The project charter shows a detailed plan of each aspect of a project; from scope to objectives, etc as well as grants the project team the power to create a project plan.
A project charter helps the project team to develop an understanding of the project to be undertaken, thereby enhancing team performance. Before a project charter is signed between both parties, all risks must have been eliminated.
When acceptance criteria factors are added to the schedule of a project charter, it helps the project team to know who will be judging the quality of their work as well as the standard that the judge will be using.
I hope this helps.
Answer:
C) One worker can easily sabotage the productivity of other workers.
Explanation:
This is a form of compensation by merit that comprises the performance of a team as a whole, so this is a way of motivating both group work and individual work.
In the scenario above, we can see that this compensation plan would be effective in leveraging the performance of individual workers, and of teams, because if each member of the team is more productive, it will benefit the team as a whole. And this method will not affect the productivity of other teams, as each team will be encouraged and engaged to do the best job possible to achieve merit pay.
The alternative that does not correspond to the question that this incentive may be better than other methods to motivate workers to work harder, is the one that says that a worker can sabotage the productivity of other workers, as that worker is also likely to be engaged in not sabotaging the work of other team members, as the remuneration bonuses depend on the effort of the entire team to work together, and not just one employee.
Answer:
Return on Investment = 17%
Explanation:
Return on Investment = Net income from investment / Investment opportunity * 100
Where Net income from investment = (Sales * Contribution margin ratio) - Fixed expenses
Net income = ($1,530,000 * 30%) - $306,000
Net income = $459,000 - $306,000
Net income = $153,000
Return on Investment = $153,000 / $900,000 * 100
Return on Investment = 17%
