Which of the following explains why local food supply chains are unlikely to be able to supply all the needs of a local community? Local government regulations prevent crop diversification,
Local climates mean not all crops can be grown year round.
Local populations cannot afford or do not want locally grown food.
Local farmers often cannot learn how to grow new crops.

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Asap describe three different expenses associated with restaurants. choose one of these expenses, and discuss how a manager could handle this expense.