An authorization to start a business issued by the local government is a business license. A business license allows a person to run a business legally. The license is used for tax purposes with the government and so the government can control and regulate the business on the legal side. If you do not have a business license, then you are a sole proprietor and running the business for tax purposes from your social security number.
A lease is a contractual arrangement where one party, called the lessor, provides an asset for use by the other party, referred to as the lessee, based on periodic payments for an agreed period. The lessee pays the lessor for the usage of the asset or property
The landlord is the party to the lease who owns the property and leases it to the tenant as a rental property for temporary possession. For example, in a rental house, the landlord is the landlord and the tenant is the tenant.
A lessor is either an individual or a legal entity such as a company or organization. The lessor is always the owner of the property. For example, for a car, the lessor can be the owner or car dealer who rents the car. The lessee is always the person who uses the property temporarily
Learn more about lessors here
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Answer:
increase since his/her productivity will increase
Explanation:
An increase in physical capital generally increases worker productivity even if all the other factors of production remain the same. Physical capital includes machinery, buildings, computers, tools, etc., which make it easier for the workers to perform their tasks, therefore it increases their productivity.
E.g. a worker needs to deliver goods, and if he uses a delivery truck instead of a bicycle, he/she will be able to do it faster. That will allow the worker to make more deliveries per day ⇒ increase in the worker's productivity. The delivery truck represents the increase in physical capital.
Answer:
d. you have the opportunity to make more money when you invest compared to what you can earn putting your money in a savings account
C serve only as investors, as general partners take on all the risk and operation of the company, while limited partners invest their money, but don’t take part in the decisions of the company.
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