Mie 201 exam - Study guides, Class notes & Summaries
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Questions and Answers 100% Pass
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU 
Questions and Answers 100% Pass 
3 types of business ownership - Correct Answer ️️ -- sole propreitorship 
- partnership 
- corporation 
sole proprietorships - Correct Answer ️️ -- businesses owned by one individual 
- the most common form of business organization in the United States 
- easiest and least expensive form of business to start 
- ex: tutoring/bookkeeping/landscaping etc... 
sole proprietorship advantages - Correct Answer ️️...
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MIE 201 Exam 4 question n answers graded A+ 2023/2024
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MIE 201 Exam 4marketing - correct answer group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas 
 
functions of marketing - correct answer buying, selling, transporting, storing, grading, financing, market research, risk taking 
 
exchange - correct answer the act of giving up one thing (money, credit, labor, goods) in return for something else (goods, services, or ideas) 
 
value - correct answer customer's subjective ...
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mie 201 exam 2 question n answers rated A+ 2023/2024 already passed
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mie 201 exam 2 
Advantages of operating a Sole Proprietorship? - correct answer simplicity (easy to establish and less paperwork-only requirement is business licenses and permit) 
single layer of taxation!!! 
 
privacy (not required to report anything to anyone) 
 
flexibility and control 
 
fewer limitations on personal income 
 
Personal satisfaction (take your own risks and enjoy the reward) 
 
Disadvantages of sole proprietorship - correct answer financial liability (unlimited liability) 
 ...
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MIE 201 EXAM 4
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MIE 201 Exam 5 questions with 100% correct answers 2023/2024
- Exam (elaborations) • 27 pages • 2023
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MIE 201 Exam 5accounting - correct answer the recording, measurement, and interpretation of financial information 
 
securities and exchange commission's SEC - correct answer federal government has taken a greater role in making rules, requirements, and policies for accounting firms and businesses 
 
public company accounting oversight board PCAOB - correct answer federal government has taken a greater role in making rules, requirements, and policies for accounting firms and businesses 
 
abili...
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MIE 201 Exam 4 NCSU Questions and Answers
- Exam (elaborations) • 13 pages • 2024
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MIE 201 Exam 4 NCSU Questions and Answers
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Exam/117 Q’s and A’s
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU Exam/117 Q’s and A’s
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MIE 201 Exam 2 with correct Answers
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MIE 201 Exam 2 with correct Answers
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MIE 201 Exam 3 (Chapters 6, 7, 9, and 10) Latest Update Graded A+
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MIE 201 Exam 3 (Chapters 6, 7, 9, and 
 
10) Latest Update Graded A+ 
 
Management Process designed to achieve an organization's objectives by using its resources 
effectively and efficiently in a changing environment. 
 
Effectively Having the intended result 
 
Efficiently Accomplishing the objectives with a minimum of resources 
 
Managers Make decisions about the use of the organizations resources and are concerned 
with planning, organizing, directing, and controlling the organization's a...
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU fully solved graded A+ 2023/2024
- Exam (elaborations) • 25 pages • 2024
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MIE 201 Exam 2: Chapters 4, 5, 8 Makanui NCSU 
3 types of business ownership - correct answer - sole proprietorship 
- partnership 
- corporation 
 
sole proprietorships - correct answer - businesses owned by one individual 
- the most common form of business organization in the United States 
- easiest and least expensive form of business to start 
- ex: tutoring/bookkeeping/landscaping etc... 
 
sole proprietorship advantages - correct answer - simplicity 
- single layer of taxation - taxed at...
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