Otto Is Considering Forms of Business Organization for Pro Tree

question 14

Multiple Choice

Otto is considering forms of business organization for Pro Tree Service,his landscaping firm.Like most states,Otto's state requires that to form a limited liability company,he must file with a central state agency

• A)articles of certification.
• B)articles of formation.
• C)articles of organization.
• D)no specific documents.

Differentiate between traditional ventures and social purpose ventures in terms of market impact.

Comprehend the role of venture philanthropy in supporting nonprofit organizations.

Acknowledge the importance of corporate social responsibility (CSR) in hybrid models of social entrepreneurship.

Understand the concept of social venture capital and its implications for economic development and social impact.

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Definitions:

Unitary

In the context of price elasticity, a situation where a change in price leads to a proportional change in quantity demanded, meaning the elasticity is equal to one.

Quantity Supplied

The volume of goods or services that manufacturers are ready and capable of selling at a certain price during a particular period.

Perfectly Inelastic

A situation in demand where the quantity demanded does not change regardless of the price level.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, clearing the market.