OER 2018 Edition

ISBN: 9781947172548

Author: OpenStax

Publisher: OpenStax College

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Textbook Question

Chapter 4.3, Problem 1CC

What is a corporation? Describe how corporations are formed and structured.

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Chapter 4.2, Problem 3CC

Chapter 4.3, Problem 2CC

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Green Grow Incorporated (GGI) manufactures lawn fertilizer. Because of the product’s very high quality, GGI often receives special orders from agricultural research groups. For each type of fertilizer sold, each bag is carefully filled to have the precise mix of components advertised for that type of fertilizer. GGI’s operating capacity is 34,000 one-hundred-pound bags per month, and it currently is selling 32,000 bags manufactured in 32 batches of 1,000 bags each. The firm just received a request for a special order of 7,400 one-hundred-pound bags of fertilizer for $210,000 from APAC, a research organization. The production costs would be the same, but there would be no variable selling costs. Delivery and other packaging and distribution services would cause a one-time $3,900 cost for GGI. The special order would be processed in two batches of 3,700 bags each. (No incremental batch-level costs are anticipated. Most of the batch-level costs in this case are short-term fixed costs,…

Chapter 4 Solutions

Introduction to Business

Ch. 4.1 - What is a sole proprietorship?Ch. 4.1 - Why is this a popular form of business...Ch. 4.1 - What are the drawbacks to being a sole proprietor?Ch. 4.2 - How does a partnership differ from a sole...Ch. 4.2 - Describe the four main types of partnerships, and...Ch. 4.2 - What are the main advantages and disadvantages of...Ch. 4.3 - What is a corporation? Describe how corporations...Ch. 4.3 - Summarize the advantages and disadvantages of...Ch. 4.3 - Why do S corporations and limited liability...Ch. 4.4 - Describe the two types of cooperatives and the...

Ch. 4.4 - What are the benefits of joint ventures?Ch. 4.5 - Describe franchising and the main parties to the...Ch. 4.5 - Summarize the major advantages and disadvantages...Ch. 4.5 - Why has franchising proved so popular?Ch. 4.6 - Differentiate between a merger and an acquisition.Ch. 4.6 - What are the most common motives for corporate...Ch. 4.6 - Describe the different types of corporate mergers.Ch. 4.7 - What are some of the demographic trends currently...Ch. 4.7 - As a prospective business owner, what could you do...Ch. 4.7 - What other economic trends are influencing today's...Ch. 4 - After seeing a Quiznos franchise recruitment...Ch. 4 - Is the not-for-profit form of business...Ch. 4 - Why has this form of ownership not been replicated...Ch. 4 - What are the limitations and constraints that this...

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