Business Questions and Answers (Q&A)

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When a distribution is positively skewed it is very different from a typical bell curve result, a normal distribution, as it has a long right-hand tail. High scores are occurring at the extreme, so the distribution will have the mean score to the right of the peak. The mean is usually gre...Read More

4 Answers

I’m going to have to agree with the longest answer here. The answer you want is “price,” not “cost” or “costs.” The price is often used to say what something costs in terms of money. The cost that would be required in this case would be the non-monetary...Read More

4 Answers

There are some brands that are able to grow because of franchising. This usually happens when a brand is popular and other people would like to offer the brand to a completely different place through a franchise. The products and services of the company will become available through the use of...Read More

3 Answers

Both CA and CMA are two types of qualifications for candidates in the field of accountancy. CA is the acronym for Chartered Accountant, while CMA is the acronym for Certified Management Accountant. The chartered accountancy qualification gives open any candidate who wants to succeed in the...Read More

3 Answers

Policies and procedures are two words which both pertain to any organization. Policies guide top management in making decisions, while procedures guide employees into action. Policies can be adjusted accordingly by control, while procedures remain in force and are to be followed. Policies echo...Read More

3 Answers

S. Barnes

Driving down to Knowledge town

LLC stands for Limited Liability Company, and LLP stands for Limited Liability Partnership. The owners of Limited Liability Company are called “members.” LLC can have as many members as possible. Corporations can also be members of LLC as well. Members of this company govern the...Read More

3 Answers

The correct answer to this question is B, $22,876.90. This type of question would primarily be found on Business Education tests. This is a field which studies the fundamentals and processes of business. This field is mainly studied in higher, secondary, and university...Read More

3 Answers

Homework. It’s not something everyone likes to do, but when it comes to opening a small business, doing your homework is vital. Why? So, whether you’re still dreaming of starting your business, or you already have a business plan and funding lined up, here are some questions y...Read More

3 Answers

Before beginning the business, the product or service must be established. This is usually the easy part. Owners and managers are certain they know what they are going to sell. They may also know how they are going to make this item. They could make the item themselves or outsource the creation...Read More

3 Answers

An e-commerce site is a website that is conducted on the Internet. For the most part, the business will run primarily on the Internet. That is, they will not have a brick and mortar store. When someone is starting a business, whether it be on the Internet or in a brick and mortar store, the...Read More

3 Answers

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