Ronald is the sole owner of a fast food store. Over the past six months, his sales have fallen and the store has been running at a loss as a result of a popular fast food chain outlet opening in the area. Friends and relatives who lent Ronald money to open the store want him to sell his personal property in order to repay those loans. What ownership category of business is Ronald in?
1) limited partnership
3) corporation
4) proprietorship
5) cooperative organization
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ronald is the sole owner of a fast food store. Over the past six months, his sales have fallen and the store has been running at a loss as ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Llywelyn, Inc. reports the following information for July: Sales Revenue $ 1 comma 000 comma 000 Variable Costs 200 comma 000 Operating Income 380 comma 000 What is the total fixed cost using variable costing? A. $ 420 comma 000 B. $ 800 comma 000 C.
Answers (1)
Which one is not a current issue regarding export controls? a. can effective multilateral controls be established? b. who is the enemy? c. in the absence of multilateral controls, can unilateral controls be effective? d.
Answers (1)
Before making a final decision on which sources of funding to pursue, entrepreneurs should consider: a. The degree of control over the company they wish to retain b. How long it is likely to take before the company is cash-flow positive c.
Answers (1)
Which process is recommended for those products with the highest volume and the highest standardization on the product continuum?
Answers (1)
Banks are able to create money only when a. interest rates are above 2%. b. the fed sells u. s. government bonds. c. the reserve ratio is 100%. d. only a fraction of deposits are held in reserve.
Answers (1)
New Questions in Business
On October 6, 2018, the Elgin Corporation signed a purchase commitment to purchase inventory for $81,000 on or before March 31, 2019. The company's fiscal year-end is December 31.
Answers (1)
The manager of a large apartment complex knows from experience that 100 units will be occupied if the rent is 400 dollars per month.
Answers (1)
Frito-Lay produces more than 20 varieties of chips. Suppose a retail store offers to stock five of Frito-Lay chips products in each store across the country.
Answers (1)
Which would not be considered as capital by an economist? a crane used by a building contractor an automobile used by General Electric a share of corporate stock issued by General Motors a razor used by a barber
Answers (1)
An example of an institutional coi is: the organization gives scholarships to some post-doctoral researchers an industry sponsor pays for the construction of a new research laboratory at the organization one of the organization's deans is the
Answers (1)