The output grows by 4.2% a year when the capital share of output is 40%, total factor productivity growth is 2% a year, labor grows 1% a year, and the capital stock grows 4% a year.
In the Solow Growth accounting model, total factor productivity (TFP) growth, capital stock, and labor are the main drivers of economic growth. The formula for the Solow Growth accounting model is: Output growth = (capital share x growth rate of capital) + (labor share x growth rate of labor) + (TFP growth rate)
Given that the capital share of output is 40%, labor share of output is 60%, and that total factor productivity grows by 2%, labor grows by 1%, and capital grows by 4%, the output growth would be: Output growth = (0.4 x 4) + (0.6 x 1) + 2= 1.6 + 0.6 + 2= 4.2%.
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which function relates to maintaining inventory?
Answer:
The production department is the unit tasked with ensuring that the business has a continuous flow of merchandise inventory. As selling activities are continuous, the production unit must keep up the pace by ensuring there is sufficient inventory for the sales team to sell.
lillian owns an antiques shop and sandy works part time for her. one afternoon, while sandy is decorating the window display, she loses her balance and falls backward off a step stool, breaking some very expensive lamps in the process. what policy condition in lillian's commercial property policy provides evidence that this loss may be covered?
The policy condition in Lillian's commercial property policy that may provide coverage for the loss caused by Sandy's fall is the "employee dishonesty coverage" which insures against losses caused by fraudulent or dishonest acts committed by employees.
The scenario describes a situation where there is damage to Lillian's property (the expensive lamps) caused by an employee (Sandy) during the course of employment.
Therefore, the commercial property policy condition that provides evidence that this loss may be covered is the "employee dishonesty" or "employee fidelity" coverage, which typically covers losses caused by the fraudulent or dishonest acts of employees, including theft, embezzlement, and damage to property.
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Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
Why do lenders require collateral for a secured loan? (10 points)
A) It reduces risk to the lender
B)It eliminates interest charges
C) It reduces the cost of the financed good
D) It protects consumers from loss
Answer:
A) It reduces risk to the lender
Explanation:
Collateral refers to a valuable asset that a borrower offers to the lender to secure a loan. Typically, the collateral will have a higher market value than the loan amount. Asset mostly used as collateral include homes, properties, and motor vehicles. The lender will keep custody of the title documents until the borrower repays full amount borrowed.
Offering collateral for a loan indicates the borrower's willingness to repay the loan. The lender is assured of recovering their money. If the borrower defaults, the lender will dispose of the collateral to recover their money. This reduces the lender's risk.
Answer:
A) it reduces risk to the lender
Explanation:
I just took the quiz and got it right.
as farmers in boise city used the new technology of gasoline powered tractors to plow up buffalo grass, the marginal social cost of doing so was select one: a. equal to the marginal private cost. b. less than the marginal private cost. c. greater than the marginal private cost. d. any of the above could be true.
When farmers in Boise City used gasoline-powered tractors to plow up buffalo grass, the marginal social cost of doing so was likely option c) greater than the marginal private cost.
As farmers in Boise City began to use the new technology of gasoline-powered tractors to plow up buffalo grass, they were able to do so more efficiently and quickly than with traditional methods. However, the use of these tractors also had an impact on the environment and other members of society, which is known as the marginal social cost.
The marginal social cost of using gasoline-powered tractors to plow up buffalo grass could be greater than the marginal private cost. This is because the use of these tractors could lead to negative externalities, such as soil erosion, habitat destruction, and pollution, which affect not only the farmers but also other members of society. The marginal social cost takes into account these externalities and measures the total cost to society of using the tractors.
It is possible that the marginal social cost could also be equal to or less than the marginal private cost, depending on the specific circumstances. However, given the potential negative externalities associated with using gasoline-powered tractors, it is likely that the marginal social cost is greater than the marginal private cost in this case.
Overall, the use of new technologies like gasoline-powered tractors can have both positive and negative effects on society, and it is important to consider the full costs and benefits of these innovations in order to make informed decisions about their use.
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On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company’s cost per new razor is $20 and its retail selling price is $75 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 8% of dollar sales. The following transactions and events occurred.
2016
Nov. 11 Sold 105 razors for $7,875 cash.
30 Recognized warranty expense related to November sales with an adjusting entry.
Dec. 9 Replaced 15 razors that were returned under the warranty.
16 Sold 220 razors for $16,500 cash.
29 Replaced 30 razors that were returned under the warranty.
31 Recognized warranty expense related to December sales with an adjusting entry.
2017
Jan. 5 Sold 150 razors for $11,250 cash.
17 Replaced 50 razors that were returned under the warranty.
31 Recognized warranty expense related to January sales with an adjusting entry.
1.1 Prepare journal entries to record above transactions and adjustments for 2016.
2. How much warranty expense is reported for November 2016 and for December 2016?
Warranty Expense for November 2016 ?????
Warranty expense for December 2016 ?????
3. How much warranty expense is reported for January 2017?
4. What is the balance of the Estimated Warranty Liability account as of December 31, 2016?
5. What is the balance of the Estimated Warranty Liability account as of January 31, 2017?
Answer:
Nov 11
Dr Cash 7,875
Cr To Sale 7,875
Nov. 11
Dr Cost of Goods Sold 2,100
Cr To Inventory 2,100
Nov. 30
Dr Warranty Expenses 630
Cr To Warranty Liability 630
Dec. 9
Dr Warranty Liability 300
Cr To Inventory 300
Dec. 16
Dr Cash 16,500
Cr To Sales 16,500
Dec. 16
Dr Cost of Goods Sold 4,400
Cr To Inventory 4,400
Dec. 29
Dr Warranty Liability 600
Cr To Inventory 600
Dec. 31
Dr Warranty Expenses 1,320
Cr To Warranty Liability 1,320
1.b Journal Entries for 2017
Jan 5
Dr Cash 11,250
Cr To Sales 11,250
Jan 5
Dr Cost of goods sold 3,000
Cr To Inventory 3,000
Jan 17
Dr Warranty Liability 1,000
Cr To Inventory 1,000
Jan 31
Dr Warranty Expenses 900
Cr To Warranty Liability 900
2)a. Warranty Expenses= $630
2b. Warranty Expenses= $1,320
3). Warranty Expenses= $900
4). Estimated Warranty Liability Account $1,050
5). Estimated Warranty liability account $900
Explanation:
Preparation of the Journal entries for Lobo Co
Journal Entries for 2016 for Lobo Co
Nov 11
Dr Cash 7,875
Cr To Sale 7,875
Nov. 11
Dr Cost of Goods Sold 2,100
Cr To Inventory (20*$105) 2,100
Nov. 30
Dr Warranty Expenses 630
($7,875*8%)
Cr To Warranty Liability 630
Dec. 9
Dr Warranty Liability 300
(15*$20)
Cr To Inventory 300
Dec. 16
Dr Cash 16,500
Cr To Sales 16,500
Dec. 16
Dr Cost of Goods Sold 4,400
Cr To Inventory 4,400
(220 * $20)
Dec. 29
Dr Warranty Liability 600
(30*$20)
Cr To Inventory 600
Dec. 31
Dr Warranty Expenses 1,320
($16,500*8%)
Cr To Warranty Liability 1,320
1.b Journal Entries for 2017
Jan 5
Dr Cash 11,250
Cr To Sales 11,250
Jan 5
Dr Cost of goods sold 3,000
(150*$15)
Cr To Inventory 3,000
Jan 17
Dr Warranty Liability 1,000
(50*$20)
Cr To Inventory 1,000
Jan 31
Dr Warranty Expenses 900
(11,250*8%)
Cr To Warranty Liability 900
2)a. Warranty Expenses for Nov. 2016
Warranty Expenses= $7,875*8%
Warranty Expenses= $630
2b. Warranty Expenses for Dec. 2016
Warranty Expenses= $16500*8%
Warranty Expenses= $1,320
3). Warranty Expenses for Jan. 2017
Warranty Expenses= $11,250*8%
Warranty Expenses= $900
4). Estimated Warranty Liability Account as on Dec. 31, 2016
Estimated Warranty Liability Account= $630 + $1,320 - $300 - $600
Estimated Warranty Liability Account= $1950- $900
Estimated Warranty Liability Account= $1,050
5). Estimated Warranty liability account as on Jan. 31, 2017
Estimated Warranty liability account = $1,050 + $900 - $1,050
Estimated Warranty liability account= $900
Purchasing, sales, and merchandising are all related careers. What do they have
in common?
Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
i agree with her/him They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them.
Explanation:
Pierre wants to use the loan manager to track the long-term liability for his new pickup truck. what accounts must he set up prior to setting up the loan?
To track the long-term liability for his new pickup truck Pierre has to set up a long-term liability account register.
A long-term liability account register lists transactions related to debts that are due in more than one year like a mortgage. . Long-term liabilities are also known as non-current liabilities You can use a long-term liability account register to track and manage transactions that affect your long-term liability account.
In a long-term liability account register Debt ratios (such as solvency ratios) compare liabilities to assets. The ratios may be modified to compare the total assets to long-term liabilities only.
This ratio is called long-term debt to assets. Long-term debt compared to total equity provides insight relating to a financing structure and financial leverage. Long-term debt compared to current liabilities also provides insight regarding the debt structure.
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how does technology help business become more efficient
Answer:
We use tech. in everything today. It helps keeps files organized vs. using papers, keeps data forever - can't get lost.
Explanation:
Jarrett has five shapes in his document and he would like to be able to move all of the shapes like they are one object. Which of the following tasks should he do?
If Jarrett has five shapes in his document and he would like to be able to move all of the shapes like they are one object. The tasks he should do is: Group the shapes.
What is tasks?Tasks can be defined as the activities a person or an individual engages in.
Based on the given grouping the shapes will make it easier for Jarrett to to move all of the five shapes like they are one object. In a situation were the shapes were not group it will be difficult to move all the shapes like they are one object.
Therefore If Jarrett has five shapes in his document and he would like to be able to move all of the shapes like they are one object. The tasks he should do is: Group the shapes.
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which form of connecting with consumers has recently undergone dramatic change as a result of legislation related to telephone solicitation?
The form of connecting with consumers that has recently undergone dramatic change as a result of legislation related to telephone solicitation is telemarketing.
In general , the telephone consumer protection act (TCPA) of 1991 regulates telemarketing by restricting unsolicited telemarketing calls, auto-dialing, and the use of pre-recorded messages.
The TCPA also requires telemarketers to identify themselves and obtain prior written consent from consumers before calling them. Violations of the TCPA can result in significant fines, making compliance with the legislation critical for telemarketers. Also , there are other federal and state laws that regulate telemarketing and protect consumers from unwanted calls and messages.
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According to recent data collected by researchers at the University of Maryland’s Robert H. Smith School of Business, there is a correlation between hospital readmission rates and how full the hospital was at the time of discharge. This suggests that many patients went home earlier than they should have.
"The main point is that the discharge rate goes up as the beds begin to fill up, which is what you’d expect to a certain degree," said David Anderson, co-author and researcher for the studies. "First reason is if you have extra beds available, people stay an extra night as a precautionary measure. If beds are in high demand, you might send people home earlier than you may have if there were extra beds. Many patients may have not been ready to go home, however, it’s not done on purpose – the patients who were sent home appeared to be healthy."
The correlational value was r = .257 of the 100 patients studied. Which of the following would be the best recommendation to the researchers?
Select one:
a. Statistically significant, however, the strength is rather weak.
b. Not statistically significant, and the strength is rather weak.
c. This study is flawed.
d. Not statistically significant, however, the strength is noteworthy.
e. Statistically significant, with a large enough sample size to conclude the findings
The best recommendation to the researchers would be option b. Not statistically significant, and the strength is rather weak.
The given information states that there is a correlation between hospital readmission rates and how full the hospital was at the time of discharge. The correlational value (r) of the 100 patients studied is reported to be 0.257.
To determine the significance and strength of the correlation, it is important to consider both statistical significance and the magnitude of the correlation coefficient. In this case, the recommendation suggests that the correlation is not statistically significant and the strength of the correlation is rather weak.
When a correlation is not statistically significant, it means that the observed relationship between the variables is likely due to chance and not a true association in the population. Therefore, the findings may not be reliable or generalizable.
Additionally, a correlation coefficient of 0.257 indicates a relatively weak correlation. Correlation coefficients range from -1 to 1, with values closer to 0 indicating a weaker relationship. In this case, the correlation coefficient suggests that there is a positive correlation between hospital readmission rates and hospital occupancy, but the strength of the relationship is not very strong.
Based on these considerations, option b is the most appropriate recommendation. It acknowledges that the correlation is not statistically significant and highlights the weak strength of the relationship.
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using the fully adjusted equity method, an intercompany gain on an upstream sale of land is:
Using the fully adjusted equity method, an intercompany gain on an upstream sale of land is deferred. In this context, "equity" refers to the ownership interest in a subsidiary company, while "method" pertains to the accounting approach used to record investments in subsidiary or associate companies.
The fully adjusted equity method, also known as the equity method, is an accounting treatment that adjusts the value of an investment to reflect the investor's share of the investee's net assets. Under this method, intercompany transactions, like an upstream sale of land, are recognized but must be eliminated to prevent the double-counting of profits and losses.
In an upstream sale of land, a subsidiary company sells land to its parent company, resulting in an intercompany gain. However, this gain is not immediately recognized in the consolidated financial statements. Instead, the gain is deferred until the land is sold to an external party or is utilized in the parent company's operations. This deferral ensures that the consolidated financial statements accurately represent the economic substance of the transaction and do not overstate the group's total profits.
In summary, using the fully adjusted equity method, an intercompany gain on an upstream sale of land is deferred to maintain accurate financial reporting within the consolidated group. This approach eliminates any artificial inflation of profits resulting from transactions between parent and subsidiary companies.
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real gdp is an imperfect measure of standard of living because it does not report the distribution of
Real GDP does not account for domestic economic activity, income inequality, or the environmental repercussions of economic activity; instead, it measures total output and, consequently, total revenue in an economy.
What is GDP?Gross Domestic Product, also known as GDP, is a gauge of economic activity. It speaks about the entire amount of commodities and services produced inside the boundaries of a nation over a given time frame, usually a year. The gross domestic product (GDP), which comprises all commodities and services produced by people, companies, and governmental bodies, is frequently used as a gauge of a nation's economic health and expansion. Three different approaches can be used to calculate it: the output approach, which assesses the total value of goods and services produced in an economy; the income approach, which assesses the earnings of individuals and businesses in an economy; and the expenditure approach, which assesses the total amount of money spent on goods and services in an economy.
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state law of diminishing returns
Answer:
see below
Explanation:
The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.
According to this law, adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.
The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.
What country have a sand
Goals and objectives provide a form of control since they create a feedback opportunity regarding how well or how poorly the organization is executing its strategy. True of false?.
The statement 'goals and objectives provide a form of control since they create a feedback opportunity regarding how well or how poorly the organization is executing its strategy' is true.
Goals and objectives are the targets that a company or organization tries to achieve. Strategies are set in order to reach the goals and objectives of the workers of an organization.
These goals and objectives help in maintaining the wellness of work by the company. The goals and objectives set help a business determine whether the strategies applied are being executed properly or not and whether they are proving to be effective.
Based on the goals and objectives, feedback is generated based on the execution of strategies.
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Discuss the best way to receive constructive criticism from a superior.
Answer:
Stop Your First Reaction. ... Remember the Benefit of Getting Feedback. ... Listen for Understanding. ... Say Thank You. ...
Explanation:
List down possible career opportunities in the following career areas in TLE (at least 5 for each) a) Agriculture b) Horticulture c) Handicrafts d) Cookery
These are just a few examples of the many jobs available at TLE. He holds a variety of management and consulting roles for those interested in agriculture and horticulture, agriculture, marketing and agricultural research
a) Agriculture:
1. Agricultural Scientist
2. Crop Production Manager
3. Livestock Business Manager
4. Agricultural Economist
5.Agricultural Consultant
b) Gardening:
1. Gardener
2. Landscape Architect
3. Nursery Manager
4. Arborist
5.
Glass Blower
d) Cookery:
1. Cook
2. Catering Manager
3. Restaurant Owner/Manager
4. Catering Manager
5.Pastry Chef
Crafts offer design and art for people who love to design and craft, while cooking has many roles in the food industry, from chefs to restaurant managers to rice and owners. There are also many opportunities for entrepreneurs and business owners in each of these sectors. With increasing emphasis on sustainability and local production, these areas are likely to continue to grow and evolve, offering more opportunities for TLE enthusiasts.
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if oil prices decline, the short-run aggregate supply curve shifts _____ and output supplied will _____.
If oil prices decline, the short-run aggregate supply curve shifts to the right, and output supplied will increase.
This is because lower oil prices lower the production costs of firms that rely heavily on oil as an input, such as transportation and manufacturing industries. As a result, firms can produce and supply more goods and services at lower costs, leading to an increase in output supplied in the short run.
The shift in the short-run aggregate supply curve to the right also leads to lower prices for goods and services, as firms are able to produce more efficiently. However, in the long run, the increased output supplied may lead to higher prices if the increase in demand exceeds the increase in aggregate supply.
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You are the executive director of the local animal humane society. A staff member you supervise has been working at the society for less than one year. At the 6-month, you discuss with this employee that they seem to have mastered the basic tasks of the job but not the more difficult tasks. You have noticed lately that they seem a bit disillusioned about the job and the process of caring for these animals that seem so sad to be in the facility. Based on the Situational Leadership Approach, which leadership style should you exhibit
Answer: Delegation
Explanation:
Delegation is one of the beauty of leadership. When a leader leads and wants to do everything, those under him would find it growing or come out of their shells but delegation would bring them out of those shell, expose them and expose or display the leader in them.
Another thing delegation does while making people lead is that it makes them value the products, job or organization than how they saw it previously.
As an executive director, I would love to delegate so they take those tough roles important
3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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your next-door neighbor thinks that she has discovered the next food craze and is opening a new location of her restaurant. she already has one location that is busy all day. she currently has gross sales of $10.70 million. her expenses, which include ingredients, rent, and personnel, run $8.50 million. what is her net profit or loss?
The net profit of $2.20 million is earned by her if she has gross sales of $10.70 million and expenses of $8.50 million.
What is sales revenue?Sales revenue is the amount earned by the company after disposing of its manufactured goods either on cash or on credit.
Given values:
Sales revenue: $10.70 million
Expenses: $8.50 million
Computation of net profit:
\(\rm\ Net \rm\ Profit=\rm\ Sales \rm\ Revenue-\rm\ Expenses\\\rm\ Net \rm\ Profit=\$10.70\rm\ million-\$8.50\rm\ million\\\rm\ Net \rm\ Profit=\$2.20\rm\ million\)
Therefore, if she has gross sales of $10.70 million and expenses of $8.50 million then the net gains received by her are $2.20 million.
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How does managing the production process impact business operations?
Answer:
Production management helps the firm to achieve its sales and business objectives by producing goods and services
Explanation:
Production management helps the firm to achieve its sales and business objectives by producing goods and services that meet the need of consumers. Sales and profit will increase if the product produced satisfies the customers' needs.
Answer:
Reduces Manufacturing Cost – By maximizing outputs while minimizing inputs, production management lowers the cost required to produce finished products. This can be used to improve profit margin, or it may be passed onto the customer to ensure a competitive advantage.
How does a command economy differ from a mixed market economy?
In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights.
In a command economy, citizens own all public property. In a mixed market economy, the government own all private property.
In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answer:In a command economy, citizens own all private property. In a mixed market economy, the government owns all private property.
Explanation:
The correct answer is: A. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights.
Explanation:
In a command economy, the government makes all economic decisions and owns all resources and property. This means that citizens have fewer property rights and little control over their economic decisions. The government makes decisions regarding what and how much to produce, how to produce it, and how to distribute it.
In contrast, in a mixed market economy, individuals and private businesses own most of the property and resources. The government sets regulations and standards to ensure businesses operate within certain boundaries, but individuals and businesses have more control over their economic decisions. Citizens have more property rights and freedom to make economic decisions based on market forces.
What is moral myopia? Why do you think an advertising professional might experience this phenomenon?
Answer: See Explanation
Explanation:
Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.
An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.
Which of the following is an example of an economic want: Group of answer choices Conversation Clothing Understanding Fresh air
Answer:
Clothing
Explanation:
What the possible careers in Law
Answer:
Types of Law Careers. Banking and Insurance: Administrative Law Officer, Specialist Law Office. Public Prosecutor. State-Level or Local-Level Judge.
PLEASE MARK ME BRAINLIEST.Your renters insurance deductible is $1000 and you lose a $1000 portable computer. How much will your renters insurance pay you? $1000 or $0.
Yes $1000 will be deductible even after the Loss of portable computer.
What is an insurance deductible?It is the sum that must be paid before your insurance plan starts to cover the cost of covered health care services. For example, if you have a $1,000 deductible, you are responsible for the first $1000 of whole services. After you have paid your deductible, you typically only have to make a copayment. Deductibles are used by insurance companies to ensure that policyholders are invested in the process and will cover a portion of the cost of any claims. Deductibles act as a buffer against unexpected costs.
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Sharon owns a law firm. She has recently begun earning more money, and the firm
finances are doing well. In which business life cycle stage is Sharon?
Success
Survival
Existence
Sharon is in the Success business life cycle stage.
In the success stage, owners must choose now whether to capitalize on the business's successes and grow or maintain it steady and profitable so that it may serve as a foundation for future owner initiatives.
The progression of a business in stages through time is called the business life cycle. A life cycle is a term used in business to describe the beginning, development, and final demise of a good or service. Businesses can make wiser financial decisions if they comprehend the sequence of events in a life cycle.
In order to properly plan and set attainable goals for the future, it is crucial that you correctly identify the life cycle stage of your company. A firm goes through four stages in its life cycle: start-up, expansion, maturity, and decline.
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