Who were the big 3 and who did they represent? Delegates from 32 countries met for the Versailles Conference (January 1919), but most decisions were made by ‘the Big Three’ – Georges Clemenceau, Prime Minister of France, Woodrow Wilson, President of America, and David Lloyd George, Prime Minister of Britain. Who were the big three […]
Why is profit an important business objective?
Why is profit an important business objective? A good definition of profit is “the reward or return for taking risks & making investments”. For most businesses, making a profit is a key business objective. You also need to appreciate that profit is also the most important source of cash flow & finance for a business. […]
Where is subsistence farming practiced?
Where is subsistence farming practiced? Subsistence farming continues today in large parts of rural Africa, and parts of Asia and Latin America. What is subsistence country? Subsistence farming, form of farming in which nearly all of the crops or livestock raised are used to maintain the farmer and the farmer’s family, leaving little, if any, […]
Why video conferencing is so important to businesses?
Why video conferencing is so important to businesses? Video conferencing boosts productivity, saves time, reduces travel expenses, and overall promotes collaboration. The advantage of video conferencing is the ability to facilitate all of those benefits without requiring constant travel for face-to-face communication. How has video conferencing affected business? Quantifiable benefits include reduced travel expenses and […]
What is the difference between a small business and a small business concern?
What is the difference between a small business and a small business concern? A small business is defined ‘either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. In addition, SBA defines a U.S. small business concern as: Organized for profit. Has […]
Which one is not based on passage of time?
Which one is not based on passage of time? Units-of-production method is not based on the passage of time. Units-of-production method is not based on the passage of time. This answer has been confirmed as correct and helpful. What depreciation method is based on usage and not the passage of time? units-of-activity method Depreciation Not […]