Q.10. The following are all advantages of business partnerships EXCEPT: Partnerships shield the individual partners from debt and liability Partnerships are relatively easy and inexpensive to set up Partnerships pool the resources of the partners to obtain capital 4. Partnerships can take advantage of the various skills, strengths, and experiences of each of the partners. Select one and explain?
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Q.10. The following are all advantages of business
- Partnerships shield the individual partners from debt and liability
- Partnerships are relatively easy and inexpensive to set up
- Partnerships pool the resources of the partners to obtain capital
4. Partnerships can take advantage of the various skills, strengths, and experiences of each of the partners.
Select one and explain?
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