What are the primary advantages of forming a corporation? Select all that apply. Corporations are inexpensive and easy to set up
. Corporations are not required to register with state governments and the federal government. It is easier to raise large amounts of capital. Owners are not personally liable for corporations’ debts. Corporations do not have to pay business taxes.
payroll checks are written and printed online and the amount is prerecorded by the firm that requires them.
The check should include among the preliminaries that are required for the writing of Payroll checks the name of the company the number of the check, the date it is signed and the dress which is an optional field. The bank that is to be withdrawn from is also specified.
After the information is furnished the pay rolls are then printed out as checks which is not similar to the bank checks which are handwritten and signed by the payer and given to the payee.
Costs and production are both very important for the economy.
Costs are the values of the goods and services used for the production of other goods and services. For example, for the production of a chair, we must factor the cost of the raw material: wood, and the cost of direct labor: the wage of the carpenter.
Costs therefore, are crucial in determining the amount of output in an economy.
Cost also determine help determine the market structure of the economy. In general terms, when costs are high, profits are lower, which attracts less firms to the sector, and results in less competitive market structures such as oligopoly or monopoly.
The opposite is true when costs are low, because in this situation profits are likely to be higher, which attracts more firms to the sector, resulting in more competitive market structures like perfect competition or monopolistic competition.
Finally, we can say that the production of goods and services is important because it is the most important factor in determining the living standars of people in an economy. When many goods and services are produced, people obtain higher incomes because they are paid for the production of these goods and services.
Negative externality is that cost which is paid or suffered by the third part as a result of an economic transaction. In the economic transaction, the consumer and the producer are the first and second parties. The third party involve any property owner, resource, organisation or individual who is indirectly affected.
So, the regulations which make the companies to pay for the negative externalities will most probably increase the cost of the production.