Each of the following sentences contains at least one error in grammar, capitalization, punctuation, abbreviation, number style, word division, or vocabulary. Rewrite each sentence, correcting all errors.
1. A good way to understand what any Business does is to view it as a system for satisfying Customers by transforming lower-value inputs into higher-value outputs.
2. A company’s business model is a clearly-stated outline of how the business generates, or intends to generate revenue.
3. Competition gives customers a wider range of options, and it tends to increase quality; improve customer service;
and lower prices.
4. If individuals, and companies, believe they can pursue rewards without facing the risks that should be attached to those pursuits, they are more likely to engage in irresponsible and even unethical behavior: a situation known as moral hazard.
5. Some companies offer only goods, and others offer only services; many firms offer a combination of the two.
6. Of the 5 Million or so companies in the United States that have employees, 3 quarters of them have less than 10 workers.
7. As you climb the corporate ladder or perhaps launch your own business, you’ll be in a position to make decisions that help your company prosper in an ethical and a sustainable manner.
8. A growing economy can help companies by increasing demand and to support higher prices for their products, but it can also raise the costs of labor and materials the companies need.
9. Labor is typically one of a company’s biggest expenses.
So companies keep an eye out for new technologies that can reduce labor costs or improve labor productivity.
10. The gig economy is composed from people who work as independent contractors on shortterm projects.
11. Airline manufacturing is a capital—intensive business which requires enormous amounts of money, huge facilities, and complex production equipment.
12. Roughly speaking financial managers are responsible for planning and funding, while accounting managers are responsible for monitoring and reporting.
13. IT (information technology) is such an important function in today’s business environment that many corporations have a top-ranking executive known as a chief technology officer (C-T-O) or chief information officer (C-I-O) in charge of IT strategy.
14. Financial manager perform a variety of leadership & strategic functions.
15. Great team players know how to make those around them more-effective, whether its lending a hand during crunch time, sharing resources, removing obstacles, making introductions, or offering expertise.