An attractive industry is one that is characterized by high entry barriers, suppliers and buyers with strong bargaining power, low threats from substitute products, and low rivalry among firms.?

Answer:

B. Information Management

Explanation:

According to Wikipedia, Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences.

It is involves collecting, storing and managing information gotten in all its forms. Of course, there are various forms of information, whether physical or electronical or otherwise.

Kristen's Job in the company involves organizing resources info (collecting), regulating how they are used and making sure they are the necessary information needed by the company's workers which is all part of the information management process.

Answer:

Compromise

Explanation:

This is the process where parties to negotiation shift their grounds in order to find lasting solution to a problem.

It is used in a win-loose situation like this so as to satisfy the needs of all parties involved.It is similar to sharing a piece of pie,where whatever share Mr A gets Mr B looses,but everyone has a fair share of the pie.

It is very essential as it brings about mutual understanding and solution to the problem at hand.

Answer:

WSR's stock = 100

HCC's stock = 50

SNDK stock = 50

Explanation:

let W = WSR's stock

let H = HCC's stock

let S = SNDK stock

W + H +S = 200

16W + 56H + 80S = 8,400

(16 X 7%)W + (56 X 2%)H + (80 X 2%)S = 1.12W + 1.12H + 1.6S = 248

-1.12(W + H +S) = -1.12 x 200

-1.12W - 1.12H - 1.12S = -224

1.12W + 1.12H + 1.6S = 248

0.48S = 24

S = 24/0.48 = 50

W + H + S = W + H + 50 = 200

W + H = 150

16W + 56H + 80S = 16W + 56H + 4,000 =8,400

16W + 56H = 4,400

-16(W + H) = -16 X 150

-16W -16H = -2,400

16W + 56H = 4,400

40H = 2,000

H = 2,000 / 40 = 50

W + H +S = 200

W + 50 + 50 = 200

W + 100 = 200

W = 100

To find the number of shares of each stock purchased, set up a system of equations.

To find the number of shares of each stock you purchased, we can set up a system of equations. Let's assume you purchased x shares of the first stock, y shares of the second stock, and z shares of the third stock. The total number of shares is given by x + y + z = 200.

The total cost is given by the prices of the shares, which we'll call p1, p2, and p3, multiplied by the number of shares: p1x + p2y + p3z = 8400.

Lastly, the total annual dividend is given by the dividend of each stock, which we'll call d1, d2, and d3, multiplied by the number of shares: d1x + d2y + d3z = 248.

From these equations, you can solve for the values of x, y, and z to find the number of shares of each stock you purchased.

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Answer:

True

Explanation:Information policy can be seen a singular set of policies made public by an organization to make sure that all her IT users in the domain or network of the organization comply with guidelines and regulation related to the protection of the information stored online/digitally at any point within the organization's boundaries of authority or in the network.

Answer: Fairness principle    

Explanation:

The fairness principle is the term which is used to refers to the action or the outcome that should be taken as the fair decision. The fairness principle basically establishing the various types of moral standards that helps in making the various types of decisions in an appropriate manner.

The fairness is characterizing on the basis of , justice and liberty and it is refers to the fair equality in terms of opportunities in an organization.

According to the given question, the fairness principle supporting the various types of fairness rules in the firm for providing the various types of benefits to the employees of an organization.

 Therefore, Fairness principle is the correct answer.

Answer: Material Efficiency

Explanation: Material Efficiency is concerned with  the use of physical processes that uses less material to produce higher outputs using recycled materials thereby reducing wastes.

Material efficiency uses the strategy of re-manufacturing and modular manufacturing, reuse and recycling of product components, using less material in product designs and redesigning manufacturing processes to use less energy, less water and less raw materials.

Material efficiency help not only in reducing manufacturing costs but also in reducing wastes and associated costs.

Answer:

Conflict of interest .

Explanation:

The scenario depicts a conflict of interest. Rhonda's decision benefits Rhonda at the expense of the company. Rhonda does not fulfill the responsibility to ensure that the company stays profitable, which is a conflict of interest. A conflict of interest, one of the most common ethical issues identified by employees, exists when a person must choose whether to advance his or her own personal interests or those of others.

Answer:

A) September X. Paid $150,000 as advance rent. for 6 months.

Dr Prepaid Rent 150,000 (asset account increases)

   Cr Cash 150,000 (asset account decreases)

Since the rent covers a 6 month period, at the end of each month a partial recognition of the rent expense must be made. $150,000 x 1/6 = $25,000

October 31. Recognition of one month of rent (October)

Dr Rent Expense 25,000 (expense account increases)

   Cr Prepaid Rent 25,000 (asset account decreases)

B) September X. Collection of $450,000 from sales of season tickets (30 games per season)

Dr Cash 450,000 (asset account increases)

   Cr Unearned Ticket Revenue 450,000 (liability account increases)

C) Since 5 games were played during October, 5/30 of ticket revenue must be recognized. $450,000 x 5/30 = $75,000

October 31. Recognition of ticket revenue (5 games).

Dr Unearned Ticket Revenue 75,000 (liability account decreases)

   Cr Ticket Revenue 75,000 (revenue account increases)

The subject of this question is Business, and it addresses transactions made by a semi-professional hockey team in September before their season begins in October. It explains the prepaid rent, unearned ticket revenue, and home games played by the team.

The subject of this question is Business and it is suitable for College level. The student is seeking clarification on transactions made by a semi-professional hockey team, The Scarlet Pages, in September, before their season begins in October. The transactions mentioned are:

(a) The team paid $150,000 in advance rent to Oklahoma City for the use of Oklahoma City Arena from October 1 to March 31.
(b) The team collected $450,000 in cash from sales of season tickets and credited it to Unearned Ticket Revenue.
(c) During October, the team played five home games.

These transactions provide insights into the financial activities of The Scarlet Pages before their season starts. It involves prepaid expenses, revenue recognition, and the actual games played. Each transaction affects the team's finances in different ways, and understanding these transactions is essential for financial statement preparation and analysis.

Answer:

He bought 40 shares.

Explanation:

Step 1: Determine the initial stock price

Use the expression below to determine the total initial stock price as shown;

T=S×s

where;

T=total initial stock price

S=initial stock price per share

s=number of shares

In our case;

T=$2,000

S=x

s=unknown

replacing;

2,000=x×s

s=2,000/x

Step 2: Determine the final stock price

Use the expression below;

F=f×s2

where;

F=final stock price=$2,000

f=final stock price per stock=(x-10)

s2=final number of shares bought=(2,000/x)+10

replacing;

2,000=(x-10){(2,000/x)+10)

2,000=x(2,000/x)+(10 x)-10(2,000/x)-100

(2,000=2,000+10 x-20,000/x-100)x

2,000 x=2,000 x+10 x²-20,000-100 x

2,000 x-2000 x=10 x²-100 x-20,000

10 x²-100 x-20,000=0

solving quadratically;

x=[100±√{100²-(4×10×-20,000)}]/(2×10)

x={100±√(10,000+800,000)}/20

x=(100±900)/20

x=1,000/20=50

Initial stock price=$50

Number of shares bought=2,000/x=2,000/50=40

He bought 40 shares.

Answer:

-1.4

Explanation:

The computation of the price elasticity of demand using mid point formula is presented below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded would be

= Q2 - Q1

= 20,000 - 30,000

= -10,000

And, the average of quantity demanded would be

= (20,000 + 30,000) ÷ 2

= 25,000

Change in price would be

= P2 - P1

= $40 - $30

= $10

And,  the average of price would be

= ($40 + $30) ÷ 2

= 35

So, after solving this, the price elasticity of demand  is -1.4

The price elasticity of demand for cable television under the given conditions is approximately -1.4, indicating demand is elastic.

The price elasticity of demand can be calculated using the midpoint method formula: (change in quantity / average quantity) / (change in price / average price). Let's calculate it for this scenario:

The change in quantity is 20,000 - 30,000 = -10,000 (a decrease, hence the negative sign). The average quantity is (30,000 + 20,000) / 2 = 25,000.

So the quantity part of the equation is -10,000 / 25,000 = -0.4.

The change in price is $40 - $30 = $10. The average price = ($30 + $40) / 2 = $35.he price part of the equation is $10 / $35 = 0.29.

Now, we divide the quantity part by the price part: -0.4 / 0.29. Therefore, the price elasticity of demand is about -1.4 (option d), which means demand is elastic. Remember, ignore the negative sign when stating your final answer – it just indicates that this is a normal good (value decreases as price increases).

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Answer:

C. The determination of product and resource prices is not explained

Explanation:

Circular Flow of Income is flow of payments & receipts for - goods, services & factor services between different sectors of economy (firms & households).

Households provide factors of productions to firms, firms pay them factor incomes in return.

Firms provide goods & services to households, households pay them prices as consumption expenditure (from factor incomes earned) in return.

So: Both product & resource markets, both households & businesses are included.

The limitation is that : It doesn't state anything about prices in product market & resource markets.

The limitation of the simple circular flow model is that it does not explain the determination of product and resource prices. It assumes a fixed price level, ignoring factors that alter prices.

The simple circular flow model is a simplified representation of how money, goods, and services flow throughout the economy. In this model, the key players are households and businesses, and the two markets considered are the product and resource markets. However, one limitation of this model is option C: The determination of product and resource prices is not explained.

The simple circular flow model assumes a fixed price level and does not delve into the factors that would alter the prices of products or resources. This can make the model less valuable in understanding certain aspects of economics, such as inflation or price adjustments due to supply and demand conditions.

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Answer:

The Contract made through the salesperson is binding on the pool company.

Explanation:

First what is a salesperson? It represents either an entity or an individual is sells or promotes the sales of goods or the offering of services. The key to this question is that a salesperson is usually employed to sell on behalf of a company, therefore, they have the contractual capacity to make deals binding  on the company.

Since, the salesperson of Schrist signed the contract for $10,000 and it is not written that the approval of any other is required. The contract signed with Schrist by Jane and Joseph is binding and they can have their pool built for $10,0000.

Answer:

d. free choice

Explanation:

Yes! it is true that some of the firms provides their workers very good and comfortable facilities to work on. In the scenario which is given in the question , that what the firm has decided an what it belief led to domain of free choice.  

Because free choice which is also known as freedom of choice. In this one has given multiple choice and he/she has also given freedom to choose any of the multiple choice.  

And we can see that the firm is also providing multiple varieties as well.

Answer:

Virtuous Circle

Explanation:

Virtuous circle occurs when one good events feeds on itself to improve business further. In the question, blue inc. invested in social responsibilities initiative (a good event) which on turn generated profits for the company (improved the business), probably by the event leading them to having more loyal customers.

It is a self propagating advantageous situation in which a successful solution or events leads to more desired results or success. It creates a positive feedback loop, creating goodwill with the customers.

Answer:

c. $280,000

Explanation:

The depreciable basis for each class of asset given is based on the fair market value of these assets. This is used as the basis for apportionment.

Given;

Total purchase cost of assets =  $1,820,000

Fair value of ;

Building = $1,200,000

Equipment = $1,000,000

Office equipment = $400,000

The depreciable basis for the office equipment

= ($400,000/($400,000 + $1,000,000 + $1,200,000)) × $1,820,000

= ($400,000/$2,600,000) × $1,820,000

= $280,000

Answer:

Gross private domestic investment less depreciation is net private domestic investment.

Explanation:

Investment is addition to capital stock during a period of time. Depreciation is fall in value of fixed (capital) assets due to usage, wear & tear, obsolescence.  

Gross Private Domestic Investment = Total addition to capital stock by private domestic sector, without accounting for depreciation of existing capital stock.

Net Private Domestic Investment = Addition to capital stock by private domestic sector, accounting for depreciation deduction of existing capital stock.

So, Gross Private Domestic Investment - Depreciation = Net Private Domestic Investment.

Answer:

Explanation:

To answer this question you need the comparative costs of living in each of the trhee cities.

In a similar question, you can find the cost of iiving indexes for Atlanta, Boston, and San Francisco. Here is the table:

                                          Cost of living index

City                                (100 = U.S. City average)

Atlanta, GA                                 98

Boston, MA                               160

San Francisco, CA                   245

Thus, to determine which offer Juan should accept to maximize the purchasing power of his income, divide each income by the cost of living index.

Atlanta, GA:

Boston, MA

San Francisco, CA

Rank the adjusted earnings in decreasing order:

Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.

Juan should accept the job offer in San Francisco, CA to maximize his purchasing power.

If Juan wants to maximize the purchasing power of his income, he should consider the cost of living in each city. One way to measure the cost of living is by using the concept of purchasing power parity (PPP). PPP takes into account the relative prices of goods and services in different locations and allows for a more accurate comparison of income across regions.

To calculate the purchasing power of Juan's income in each city, we can divide the salary by the cost of living index for that city. The cost of living index represents the relative cost of goods and services in a specific location compared to the national average, which is set at 100.

Let's assume the cost of living indexes for Atlanta, Boston, and San Francisco are 90, 120, and 150 respectively. To calculate the purchasing power of Juan's income in each city:

Therefore, if Juan wants to maximize his purchasing power, he should accept the job offer in San Francisco, CA as it offers the highest purchasing power of his income.

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Answer:

Paolo buys a new set of tools to use in his plumbing business. I: Paolo is investing in his plumbing business by purchasing tools.

Kenji buys a sweater made in Guatemala. M: Kenji is purchasing an imported good which decreases the GDP.

Lucia gets a new video camera made in the United States. C: Lucia's purchase increases private consumption.

Kenji's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. X: Kenji is exporting services to an Australian firm.

The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. G: the state government spent money on repaving a highway.

The student's question can be addressed by examining different economic activities related to international trade and their roles in the global marketplace. Transactions like consumer purchases, government spending, and foreign consultancy are examples that highlight consumption, investment, government spending, and exports or imports in an economy.

The student's question requires an understanding of how international trade and transactions are classified within an economy. The examples provided illustrate various types of economic activities. For instance, Paolo buying a new set of tools for his business represents investment (I), whereas Kenji's sweater purchase is an import (M) since it's made in Guatemala. Lucia buying a U.S.-made video camera counts as consumption (C), while Kenji's consulting services provided to an Australian firm would be an export (X). Lastly, the repaving of the highway by the state of Pennsylvania is an example of government spending (G).

We recognize the global marketplace through the distribution and sale of goods and services that cross international borders. Examples like the Seattle couple staying in a Mexican hotel, the city of Dallas buying local computer paper, or the various origins of our daily consumer goods underscore the vast network that is global sales, labor, and production.

These economic activities are interconnected and together, they make up the components of a nation's gross domestic product (GDP), which is calculated as C + I + G + (X - M). Understanding how each transaction fits into these components helps us grasp the complex nature of economics in a globalized world.

Answer:

Costs of Goods Manufactured

Explanation:

Im production raw materials are purchashed and put in to the factory to make goods. The first stage is work in progress (unfinished goods), then finished goods, finally the finished goods are sold.

So the schedule that is based on work in progress inventory (WIP) is the finished goods that is produced from WIP.

To prepare a cost of production report for the Roasting Department at Hana Coffee Company, one must add the initial balance to the costs incurred in the current month, subtract the cost of units transferred, and determine the cost associated with the units still in process.

The data provided gives us enough information to compute the cost of production for the Hana Coffee Company's Roasting Department.

We start with the initial balance of $121,800 for 30,000 units that were 10% completed.

Then, we add the costs incurred in that month: $620,000 for direct materials, $90,000 for direct labor, and $33,272 for factory overhead. These amounts sum up to $865,072.

This represents the total costs that were associated with 149,000 units that were transferred out of the Roasting Department and into the Packing Department.

The remaining balance represents the cost associated with a certain number of units that are 45% completed.

To find this number, we would subtract the cost of the goods transferred out from the total costs.

This would give us the ending balance for Work in Process - Roasting Department.

Learn more about Cost of Production Report here:

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Answer:

If ORS wishes to tap Selden's expertise ,it would be preferable to have him serve as a consultant to the QRS board rather than joining the board as a member

Explanation:

The conduct of professionals are guided by a set of rule called code of ethics so that they can be well guided in certain situation at any time in the point of duty.

The five fundamental principle of the code of conduct are objectivity , professional behavior , professional competence and due care , integrity and confidentiality.

In this scenario , the objectivity of of Selden is threatened if he joins the board and still continue to carry out the tax advisory service.

The situation is better managed if he serves as a consultant to the board members.

The correct advice that Selden should heed is: If QRS wishes to tap Selden's expertise, it would probably be preferable to have him serve as a consultant to the QRS board rather than to join the board as a member.

Selden, as a tax professional who has provided advice to QRS Co. for many years, should consider the implications of joining the board of directors from an independence perspective. Independence is a critical aspect of a board member's role, as it ensures that decisions are made without bias or conflict of interest. The first option suggests that Selden need not worry about independence, which is not correct. Independence is crucial for all board members, including those with specialized expertise like tax professionals.

The second option suggests that disclosure of Selden's position as a director would mitigate threats to objectivity. While disclosure is important, it does not negate the need for independence. Objectivity could still be compromised if Selden has a vested interest in the company as a board member.

The third option is the most appropriate because serving as a consultant would allow Selden to provide his expertise without being involved in the governance of the company. This would help maintain his independence and avoid potential conflicts of interest that could arise if he were a member of the board.

The fourth option is too absolute and not necessarily true in all circumstances. There could be situations where it might be acceptable for a professional to serve on a board, provided that all conflicts of interest are managed appropriately and the professional maintains independence in their advisory role.

Therefore, the best advice for Selden is to consider serving as a consultant rather than joining the board, as this would allow him to provide his expertise while maintaining the necessary level of independence and avoiding potential threats to his objectivity.

Semi structured Decisions are often managerial level decisions occur in situations in which a few established processes help to evaluate potential solutions, but not enough to lead to a definite recommendation decision.

Decisions that are repetitive and follow a definite routine process refers to a structured decisions. Unstructured decisions are those that are not repetitive in nature and they are not in routine way. Semi structured decisions falls between these two categories of decisions.

In semi structured decisions, some judgment made by human and also some agreement on the method of solution is very essential. For instance, decisions that are related to the production or new products and decisions that are associated with making changes in the benefits that are attained by employees are ranging form unstructured decisions to semi structured decisions.

Answer:

B) Good economists must possess a rare combination of gifts.

Explanation:

Economics is a social science that focuses on studying scarcity. Since all resources are scarce, economics tries to determine how to allocate resources more efficiently in order to produce the most possible benefits. We are all economists whether we like it or not. When we spend our money (scarce resource) we try to get the largest benefit out of it, the same applies to our time. We decide to study for a test and get a good grade, or simply take a very long nap.

The problem with economics and all social science, is that they are not exact. There is no possible way a scientific research can be done that includes all the economy, there are simply too many billions of transactions and different combinations that it is impossible to do it. Some microeconomics studies can be carried out but only considering a single company or industry and few factors.

Economists must base their research upon past events and develop models that can predict future events. Sadly but true, even meteorologists have a higher percentage of correct predictions than economists.

The few good economists must be very good at math, history, politics, philosophy, psychology, developing abstract ideas and make them concrete ideas, and last but not least must be able to explain all of this to others and convince them.

The problem with applying economic models to the real world are the changing expectations of the general public (psychology and philosophy). One of my teachers had a great saying, "the mouth is the most sensitive organ in your body, but your pocket is by far the most sensitive part".

Answer:

a. supporting leader style

Explanation:

in a supporting leadership style, the head of the team is aim at developing his or her team member (sub ordinate), training them to be independent and guide them on how to achieve a given task.

in this scenario, Julia shows a supporting leadership style by:

providing aid and guidance to her subordinates and

acknowledging their accomplishments and allows them to provide suggestions.

She is trying to help her subordinate to achieve the challenge tasks given to them.

Answer:

e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

Explanation:

The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.

It is the idealistic foundation of the firm. Is the goal as pure as it can be.

Later, with mision and objective it will break down into smaller part to reach that greater the vision entails

A strategic vision for a company describes e. "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

A strategic vision for a company is a clear, inspiring, and forward-looking statement that outlines the organization's long-term aspirations, goals, and desired future state. It serves as a guiding beacon, aligning the company's values and direction, and motivating employees to work collectively toward achieving the envisioned future success.

The vision for a company describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus. It spells out how the company is going to get from where it is now to where it wants to go and when it is expected to arrive. Additionally, it involves how fast to pursue the chosen strategy and reach the targeted levels of performance.

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Answer:

D

Explanation:

Middle-level managers are accountable to carrying out the goals set by top management. They do so by setting goals for their departments and other business units. Middle managers can motivate and assist first-line managers to achieve business objectives. Middle managers may also communicate upward, by offering suggestions and feedback to top managers.

Answer:

2 methods are LEAN and Kaizen

Explanation:

The value of quality management is to help businesses enhance the dependability, longevity and quality of their goods. Such variables distinguish a company from its rivals. Quality products equal more satisfied customers and more income.

Lean is a very diverse management technique. Lean most often uses the term theory to be embraced by the company (business). Lean is based on a number of fundamental principles. It is essentially the organization's attempt to improve constantly in all aspects and prevent unnecessary waste.

Kaizen is an development process centered on Japanese cultural heritage. The focus of the enhancement is to progressively optimize methods and working practices, improving quality and reduce scrap, save resources and time to reduce costs, increase workplace safety and reduce working-place hazards.

Answer:

a) Business processes is a set of activities and tasks that once completed, will accomplish an organizational goal.

Therefore, the importance of managing the quality of business processes is that  it can help you improve your overall operations, It can minimize your expenditures, give you better control of the execution of tasks, pinpoint operational deficiencies, and give you insights to make better business decisions.

b) Two Methods Of Quality Management

1. DMAIC - Improvement Cycle is a universally applicable method of gradual improvement.  It is used for any improvement - for example, quality of products, services, processes, applications, data. Each stage in the cycle helps achieve a real improvement. Improvement cycle phases are:

D (Define) - objectives are defined, it is described subject and improvement objectives (product, service, process, data, etc.)

M (Measure) - measurement of initial conditions in term of the principle “what I don’t measure, that I don’t control”

A (Analyze) - analysis of the facts, causes of deficiencies

I (Improve) - key phase of the whole cycle, in which the improvement is based on analyzed and measured facts

C (Control) - improved deficiency should be introduced - to manage and maintain the improvements in life .

2) CAF Model (Common Assessment Framework) is a quality management tool, which was created for the conditions of public sector organizations.The basis of the CAF is self-assessment  which helps the organization to identify both its strengths and also get an overview of activities leading to the continuous improvement of the organization’s performance.

Explanation:

Answer:

The formula for calculating net pay would be;

Net pay=Gross pay-(federal taxes+social security+state taxes)

Net pay=$484.25

Explanation:

The gross pay is the total amount of pay without including the tax deductions while the net pay is the total pay after accounting for tax deductions. It is the amount that an employee actually receives on the pay day. The formula for determining the net pay is as follows;

N=G-D

where;

N=net pay

G=gross pay

D=tax deductions

And, D=F+S.S+S

F=federal taxes

S.S=social security tax

S=state taxes

As we can see, the tax deductions include; federal taxes, social security tax and state taxes.

In our case;

N=unknown to be determined

G=$560.00

F=$55

S.S=$9.50

S=11.25

D=F+S.S+S=55+9.5+11.25=$75.75

replacing;

N=(560-75.75)=$484.25

The formula for calculating net pay would be;

Net pay=Gross pay-(federal taxes+social security+state taxes)

Net pay=$484.25

To calculate net pay, subtract all deductions (federal taxes, Social Security taxes, and state taxes) from the gross pay. In this scenario, the employee's net pay for week 18 of 2011 is $484.25.

To calculate the net pay, we need to subtract all deductions from the gross pay. In this case, the employee's gross pay for week 18 of 2011 is $560.00. The deductions are federal taxes ($55.00), Social Security (S.S.) taxes ($9.50), and state taxes ($11.25). Therefore, the formula to calculate net pay would be:

Net Pay = Gross Pay - Federal Taxes - S.S. Taxes - State Taxes

Substituting the given values:

Net Pay = $560.00 - $55.00 - $9.50 - $11.25 = $484.25

Thus, the function and formula to calculate net pay result in the employee receiving a net pay of $484.25 for that week.

Answer:

Freedom & Independence

Explanation:

Sole Proprietorship is business owned , managed & run by a single entrepreneur. In this case, entrepreneur & business entity single, & not separate entities.

Advantage of this business form is that :

So, Sole Proprietor has full authority to take firm's decision & full responsibility of those decisions result on firm's as well as his/her own life. This incentive system is a merit of the Sole Proprietorship.