Refer to the Accompanying Table A)pies; Cakes
B)cakes; Pies
C)neither Pies nor Cakes; Both Pies

question 41

Multiple Choice

Refer to the accompanying table. Based on their comparative advantage, Martha should specialize in making ________ while Julia should specialize in making ________. $$\begin{array} { | l | c | c | } \hline & \text { Tirue to Make a Pie } & \text { Tirne to Muke a Cake } \\\hline \text { Martha } & 60 \text {minutes } & 80 \text { minutes } \\\hline \text { Julia } & 50 \text { minutes } & 60 \text { minutes } \\\hline\end{array}$$  

• A)pies; cakes
• B)cakes; pies
• C)neither pies nor cakes; both pies and cakes
• D)both pies and cakes; neither pies nor cakes

Gain insight into the structure and benefits of different business ownership types, including sole proprietorships, partnerships, and corporations.

Understand the significance of franchises in the business world and the relationship between franchisors and franchisees.

Realize the importance of a business plan's elements in securing financing.

Acknowledge the advantages and disadvantages of home-based businesses.

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Definitions:

List Cars

List cars might refer to the process or listing where various cars are catalogued, often for the purpose of sale, review, or compilation in a database.

Cost Price

The amount of money spent to produce a good or service, excluding any markup for profit.

Reduction

The action of making something smaller or less in amount, degree, or size.

Interest Rate

The rate at which a borrower pays interest to a lender for the utilization of borrowed funds.