Explain the benefits and limitations for a large hotel business of forming a joint venture with a hotel business in country $\mathbf{X}$ with the aim of establishing a new chain of hotels there.

If the demand curve for textbooks shifts to the left:

A) more will be purchased at each possible price.

B) more will be demanded at lower prices.

C) more will be demanded at the same prices.

D) less will be purchased at each possible price.

According to the law of demand, price and quantity move

a) along a track in the same direction.

b) along a track in opposite directions.

c) from different points toward one another.

d) from the same point away from one another.

True or False.

Bookkeeping and accounting are one and the same because the bookkeeping function includes the accounting process.

A 2013 Sage North America survey examined the “financial literacy” of small business owners. The study found that 23% of small business owners indicated concern about income tax compliance for their business; 41% of small business owners use accounting software, given that the small business owner indicated concern about income tax compliance for his or her business. Given that a small business owner did not indicate concern about income tax compliance for his or her business, 58% of small business owners use accounting software.

a. Use Bayes’ theorem to find the probability that a small business owner uses accounting software, given that the small business owner indicated concern about income tax compliance for his or her business.

b. Compare the result in (a) to the probability that a small business owner uses accounting software and comment on whether small business owners who are concerned about income tax compliance for their business are generally more likely to use accounting software than small business owners who are not concerned about income tax compliance for their business.

On your next vacation, you will divide lodging between large resorts and small inns. Let x represent the number of nights spent in large resorts. Let y represent the number of nights spent in small inns. Write a system of inequalities that models the following conditions: You want to stay at least 5 nights. At least one night should be spent at a large resort. Large resorts average $200 per night and small inns average$100 per night. Your budget permits no more than $700 for lodging.

On your next vacation, you will divide lodging between large resorts and small inns. Let x represent the number of nights spent in large resorts. Let y represent the number of nights spent in small inns. Write a system of inequalities that models the following conditions: You want to stay at least 5 nights. At least one night should be spent at a large resort. Large resorts average $200 per night and small inns average$100 per night. Your budget permits no more than $700 for lodging.

Interview one or two business owners in your community and ask them about the formal structure of their business. Ask them how they feel about the issue of unlimited liability. Inquire whether the issue had any influence on the legal form of business they selected.

Which legal form of business organization is most common? Which form is dominant in terms of business revenues? Explain.

In a business plan, the legal form of organization would be discussed in the?

Choose a business you are familiar with. Identify what resources you would need to start up a similar business.

In which of the following scenarios is a business least likely to survive?

a. when a business continually alters, adapts, and develops products to keep pace with changing customer needs and wants

b. when a business finds out what consumers desire and then develops goods, services, or ideas accordingly when a business views the customer's perception of value as the ultimate measure of work performance and improving value

c. when a business focuses only on customer satisfaction and not on its own objectives such as boosting productivity

d. when a business sells ideas, benefits, philosophies, and experiences—not just goods and services

What vitamins are supplied by green, leafy vegetables? By citrus fruits?

Taco Bell over the years has established multiple locations across the U.S. and abroad. Because of the large number of stores, the company might be able to take advantage of economies of scale with advertisers, vendors, and suppliers.

This is an example of what?