What is one advantage of starting a new business rather than operating
a franchise?
O Less financial risk
O Creating your own rules
O Marketing is already established

Answer quickly short on time here

Answers

Answer 1

One advantage of starting a new business rather than operating a franchise is creating our own rules. Thus, the correct answer is option B.

What is a franchise?

A franchise is a permission granted by a government or a company to an individual or group to engage in specific commercial activities, such as acting as an agent for a company's products.

You create your own systems and procedures when starting your own business. As part of our franchise agreement, you must follow a slew of regulations, procedures, and rules. When we find ourselves following someone else's rules, the desire to be our own boss can fade.

Therefore, creating own rules is an advantage of starting a new business.

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Related Questions

with regard to performance evaluations a special report should be written for which of the following reasons

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The concept is Performance evaluation, a systematic process whereby an employee's job performance is documented. The answer is PPER.

Project Performance Evaluation Reports( PPERs) estimate systems and programs' design, perpetration, and performance. They're set about 3 times after design completion.

A hand performance evaluation, also known as a “ performance review, ” is a process used by associations to give workers feedback on their job performance and formally document that performance. Although companies determine their own evaluation cycles, utmost conduct hand performance evaluations formerly per time.

Anyhow when you choose to run a design evaluation, the process always has four phases planning, perpetration, completion, and dispersion of reports.

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prepare a balance sheet for alaskan peach corp. as of december 31, 2019, based on the following information: cash

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An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement.

What is a balance sheet used for?An organization's financial balances are summarized on a balance sheet in financial accounting, whether the organisation is a sole proprietorship, business partnership, corporation, private limited company, or another type of institution like the government or a not-for-profit.An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder equity. One of the three primary financial statements that are used to analyze a corporation is the balance sheet. It offers a picture of a company's financial situation as of the publication date, including what it owns and owes.

Completed question :

Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information:

cash = $207,000;

patents and copyrights = $861,000;

accounts receivable = $267,000;

tangible net fixed assets = $5,240,000;

inventory = $552,000;

accounts payable = $282,000;

notes payable = $175,000;

accumulated retained earnings = $4,726,000;

long-term debt = $1,110,000.

(Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)

Here I attached the answer

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choose the one true statement about the blood-brain barrier. group of answer choices because of the blood-brain barrier, polar drugs injected into the blood enter the brain quickly it is formed by tight junctions in the capillary walls of the brain is a double membrane located in between the brain and the brain's capillaries lipid-soluble drugs usually cross the blood-brain barrier by active transport

Answers

The blood-brain barrier is formed by tight junctions in the capillary walls of the brain.

What is the blood-brain barrier?

The blood-brain barrier is a highly selective semipermeable barrier that separates the brain and the spinal cord from the circulatory system. It is formed by the close packing of cells in the walls of the capillaries that supply the brain, and helps to protect the central nervous system from harmful substances in the blood while allowing the passage of essential nutrients and oxygen. The tight junctions between the cells in the capillary walls make it difficult for most drugs, pathogens, and other substances to enter the brain, which helps to maintain a stable environment for neural function.

Hence, the answer is, the blood-brain barrier is formed by tight junctions in the capillary walls of the brain.

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a company uses the allowance method to account for uncollectible accounts receivables. when the firm writes off a specific customer's account receivable

Answers

the firm writes off a specific customer's account receivable than there is no effect on total current assets or total expenses.

What does the term "assets" mean?

You can sell the things you possess for money; these are your assets. An asset is any resource that a company owns or has control over in accounting terms. Whatever could be sold for money qualifies. We can determine the equity value by analysing a balance sheet's assets, liabilities, and other items. An asset is any resource that a company or other economic organisation owns or has control over. It is everything that has the potential to provide gains in terms of the economy. Assets are ownership worth that may be exchanged for cash.

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. the federal government is able to borrow money at lower interest rates than private borrowers because

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its securities are considered the safest possible investment.

why the federal government borrows money?The federal government needs to borrow money to pay its bills when its ongoing spending activities and investments cannot be funded by federal revenues aloneThe federal government needs to borrow money to pay its bills when its ongoing spending activities and investments cannot be funded by federal revenues alone. Decreases in federal revenue are largely due to either a decrease in tax rates or individuals or corporations making less moneyTo pay for a deficit, the federal government borrows money by selling Treasury bonds, bills, and other securities. The national debt is the accumulation of this borrowing along with associated interest owed to the investors who purchased these securities.

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a corporation is allowed to deduct all of its ordinary and necessary business expenses. which of the following concepts is least helpful in determining this treatment?

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Firm expenses are always offset against business income and are tax deductible. The least helpful is Sandra, I think. Ability to pay idea Darlene, your basis and income. 16,000 & 21,000. Which of the following are considered capital assets.

What does business mean?

The activity of running a business involves creating, purchasing, and reselling commodities in order to support one's lifestyle (such as goods and services).

The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property.

A company held by two or more people is called a partnership. In the majority of partnership arrangements, each partner is personally liable for all obligations made by the company.

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the formula for figuring interest expense is: multiple choice question. amount owed x years of useful life x number of days outstanding amount owed x interest rate x fraction of the year since last payment cost/years of useful life. T/F

Answers

This is true. The simple pastime rate method is Interest Expense = Principal x Rate x Time. r = The charge of hobby expressed as a decimal.

How do you calculate interest fee from interest rate?

Simply divide the pastime rate by using the major balance, and multiply with the aid of a hundred to convert it to a percentage. This will give you the periodic hobby rate, or the pastime charge for the time length blanketed by using the earnings statement. If the information came from the company's annual profits statement, you are done.

Interest rate is a non-operating cost proven on the income statement. It represents interest payable on any borrowings—bonds, loans, convertible debt or lines of credit. It is essentially calculated as the hobby fee times the first-rate essential amount of the debt.

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through marketing research, the atlanta falcons learned it has younger fans and is not attracting older fans. the organization conducted marketing research to determine if a radio advertising and engagement campaign they were considering that would be targeted to the older fans would be successful. in its second use of research, the atlanta falcons employed marketing research.

Answers

The second use of research for the Atlanta Falcons was to measure the effectiveness of their radio advertising and engagement campaign.

What is advertising?

Advertising is a form of marketing communication used to encourage, persuade, or manipulate an audience (viewers, readers, or listeners) to take or continue to take some action. It includes the use of various media such as print, radio, television, outdoor, digital and social media, and other forms of communication to reach consumers.

This involved analyzing the target audience's response to the campaign, including whether the older fans it was targeting were responding favorably. The research was used to assess the effectiveness of the campaign, identify any potential issues or concerns, and make adjustments to the campaign as needed. This research was used to ensure that the campaign was successful and to ensure the Atlanta Falcons were making the most of their marketing budget.

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If a stock pays dividends in the middle of the investment period, these dividends should not be accounted for when calculating HPR for this period.
True or False

Answers

The statement exists False. A greater HPR estimate indicates that an investment is more likely to generate a return, whilst a lower HPR indicates that a loss may be anticipated.

What is meant by investment period?

Investment Period refers to the duration of an Investment Deposit, which may be one, three, six, nine, or twelve months or any other duration chosen by the Customer and approved by the Bank.

The holding period return, which is typically represented as a percentage, is the overall return realized by owning an asset or portfolio of assets over a given holding period. The entire returns from the asset or portfolio are used to determine holding period return (income plus changes in value).

However, a greater HPR estimate indicates that an investment is more likely to generate a return, whilst a lower HPR indicates that a loss may be anticipated. Let's dissect this issue to determine the significance and importance of the many variables. income of 600. P0's initial value is 20,000.

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find the following financial ratios for smolira golf corporation (use year-end figures rather than average values where appropriate):

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The method of comparing the relationship (or ratio) between two or more financial data points from a company's financial statements is known as financial ratio analysis.

Financial ratios give business owners a means to assess their company's performance and contrast it with that of other companies in the same industry. Ratios gauge the connection between two or more financial statement elements. When results from many time periods are compared, they are most useful.

It is mostly employed as a means of conducting fair comparisons across time and between various businesses or industries. Six key areas are where financial ratio analysis is typically applied. These include market prospects, liquidity, coverage, solvency, profitability, and efficiency.

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marketing research should only be conducted when there is a need to make a decision, and information is needed for decision-making purposes.

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At this stage, a problem statement should be developed that summarizes the problem succinctly.

A problem statement is a brief summary of a problem that needs to be solved or of a situation that needs to be improved. It points out the discrepancy between a process's or product's existing state and desired state. A problem statement is a succinct, precise description of a problem or difficulty that captures what you wish to improve. Focusing on the issue, its significance, and those it affects helps you, your team, and other stakeholders. A excellent issue statement should raise awareness and encourage original thought. A issue statement is a succinct and specific overview of the research problem you intend to answer. A issue statement identifies the discrepancy between your intended outcome and the existing situation.

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TRUE/FALSE. items that would fall in the investing activities section of the statement of cash flows include:

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It is true that certain items would be listed in the section on investment activities in the statement of cash flows.

Which of the following activities is included in investing in the cash flow statement?

What Sorts of Activities Are Included in the Cash Flow from Investing Activities? Cash flow from capital operations includes all capital expenditures, loans, and the sale of investment securities.

What does the cash flow statement's investing activities show?

Cash flows from investment operations include loans that are made and repaid (apart from program loans), as well as the buying and selling of debt or equity instruments.

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FILL IN THE BLANK Under armour increasing its advertising spending and offering an ever-increasing range of styles and colors in its original apparel line is an example of a ________ strategy.

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Under Armour increasing its advertising spending and the offering an ever-increasing the range of styles and colors in its original apparel line is an example of market penetration strategy.

What is market penetration?

Market penetration is the percentage of the anticipated total market for a good or service that is actually being used by customers. Market penetration can also be used to establish strategies for increasing the market share of a particular good or service. By examining market penetration, it is possible to estimate the size of the potential market. The penetration rates can indicate room for expansion for cell phone producers. Market penetration can therefore be used to assess an industry as a whole and determine the possibility that businesses operating inside it will expand their market share or sales. If a market is considered saturated, it means that existing businesses hold the vast majority of market share, leaving little room for new sales growth.

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when a predetermined markup is applied to a base to determine the target selling price, the company is using __________

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When a predetermined markup is applied to a base to determine the target selling price, the company is using cost plus pricing.

What is cost plus pricing?

Markup pricing is another name for cost-plus pricing. It is a form of pricing where the selling price of a product is determined by adding a set percentage to the cost of producing one unit of the good. This pricing strategy ignores prices set by rivals and focuses only on unit costs. One of the various pricing techniques used by businesses to try to boost sales and profits is cost plus pricing. Cost-plus pricing offers no assurance that expenses will be met or a profit will be made.

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the following local governments are examples of applicants that may be eligible to receive public assistance, except:

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The following local governments are examples of applicants that may be eligible to receive public assistance, except: District of Columbia.

What exactly do you mean by public aid?

Public aid refers to assistance programs that provide individuals and families from any public organization with financial or non-financial advantages.

The two primary categories of public assistance are social welfare and social insurance programs.

Social welfare benefit eligibility requirements frequently depend on low income and a means test.

In particular, Article 41 of the Indian Constitution requires the State to provide public assistance to its citizens in the event of unemployment, old age, illness, or disability, as well as in circumstances of other unjustified need, to the extent of its economic capacity and degree of development.

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Complete question -

The following local governments are examples of applicants that may be eligible to receive public assistance, except:

1. State Government Agencies

2. Local Governments and Special Districts

3. District of Columbia

4. Private Nonprofit Organizations

For interim financial reporting, which of the following may be accrued or deferred to provide an appropriate cost in each period?
​​
Interest Rent
A. Yes No
B. Yes Yes
C. No Yes
D. No No

Answers

To obtain a full year's charge to costs and expenses, interest and rent may be accumulated or deferred at the annual reporting date. Each intermediate reporting date should use the same processes.

What is interim financial reporting?An interim financial report is a comprehensive or streamlined set of financial statements for a time frame less than a fiscal year. Before the financial reporting cycle is over, interim reports are used to present a summary of the company's financial performance. In addition to giving investors current financial information, this facilitates better contact between the public and the company.The income statement, balance sheet, and statement of cash flows are the same financial statements that may be found annually in interim financial statements. The line items in these papers will correspond to those in annual financial statements.To obtain a full year's charge to costs and expenses, interest and rent may be accumulated or deferred at the annual reporting date.

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In business calculus, what does CPR stand for?

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Calibration preface report

firms can greatly increase the likelihood of success if they carefully define their objectives and develop a plan for meeting those objectives. this activity is referred to as blank . multiple choice question. the situation analysis market development the marketing concept strategic planning positioning

Answers

Firms can greatly increase the likelihood of success if they carefully define their objectives and develop a plan for meeting those objectives. this activity is referred to as Strategic Planning.

What purpose does defining objectives serve?

Objectives aid in defining goals, spotting incompatible actions, directing key decision-making steps, and guaranteeing employee accountability within a company. Goal displacement frequently happens in the absence of well-defined goals and accompanying objectives.

Strategic planning is the process an organization uses to determine its orientation and long-term goals, develop detailed plans to attain those goals, carry those plans out, and assess the results.

Therefore,Values have an impact on setting goals and objectives.

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On January 1, 20X4, Griffin, Inc. purchased 12% of Hydra Co.'s common stock. At that time Griffin did not have the ability to exert significant influence over Hydra. On September 1, 20X4, Griffin purchased additional Hydra shares, bringing its ownership up to 35% of Hydra's common stock outstanding. During December 20X4. Hydra declared and paid a cash dividend on all of its outstanding common stock. Griffin uses the equity method to account for its investment in Hydra. How much income from the Hydra investment should Griffin's 20X4 income statement report? 。12% of Hydras income for January 1 to August 31, 20X4, plus 35% of Hydra's income for September 1 to December 31, 20X4. 35% of Hydra's income for September 1 to December 31, 20X4 only. 35% of Hydra's 20X4 income. Amount equal to dividends received from Hydra. O O

Answers

Griffin should report 35% of Hydra's income for September 1 to December 31, 20X4 only.

Since Griffin was able to exert significant influence over Hydra after acquiring 35% of its common stock, the equity method should be used to account for its investment in Hydra.

What is equity method?

The equity method is an accounting method used to record investments in another company's common stock where the investor has significant influence over the investee. The investor records its investment at cost and adjusts the investment account and its income statement each period to reflect its share of the investee's net income. The equity method results in a more accurate representation of the investor's financial position and performance compared to alternative methods such as the cost method.

Hence, the answer is, Griffin should report 35% of Hydra's income for September 1 to December 31, 20X4 only.

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TRUE OR FALSE the total flow of money into a country minus the total flow of money out of the country over some period of time is called the country's

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the total flow of money into a country minus the entire flow of money out of the country over a while is called the country's balance of trade. False because it is called the balance of payments.

What is a balance of trade?

The term "balance of commerce," "commercial balance," or "net exports" refers to the dollar amount of a nation's exports minus its imports over a given time period. On occasion, a distinction is made between a trade balance for goods and one for services. An essential component of a country's balance of payments and an essential indicator of that country's trade is the balance of trade. A positive trade balance indicates a country's trade surplus, whereas a negative balance of trade indicates a country's trade deficit.

Favorable balance of trade: When exports exceed imports in value, this is referred to as a favorable balance of trade.

Balanced balance of trade: This condition exists when the value of exports and imports is almost equal.

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kingston company sells its product for $200 per unit. the company's accountant provided the following cost information: manufacturing costs $21,700 40% of sales selling costs $17,800 23% of sales administrative costs $21,400 8% of s

Answers

Kingston Company's contribution margin ratio is a measure of the amount of each sale that is available to cover fixed costs and contribute to profit. It is calculated by dividing the contribution margin by the sales revenue.

To find the contribution margin, we first need to calculate the total variable costs for each unit sold.

Manufacturing costs are $21,700 + 40% of sales, which is $21,700 + 40% * $200 = $87,700 for total units sold.

Selling costs are $17,800 + 23% of sales, which is $17,800 + 23% * $200 = $57,800 for total units sold.

Administrative costs are $21,400 + 8% of sales, which is $21,400 + 8% * $200 = $32,400 for total units sold.

Adding these variable costs gives us a total variable cost of $87,700 + $57,800 + $32,400 = $178,900 for total units sold.

The contribution margin is calculated by subtracting the total variable costs from the sales revenue. So, contribution margin = $200 * total units sold - $178,900 = $200 * total units sold - $178,900.

Finally, the contribution margin ratio is calculated as contribution margin divided by sales revenue. So, contribution margin ratio = contribution margin / $200 * total units sold = contribution margin / $200 * total units sold. Overall, the contribution margin ratio indicates the proportion of each sale that contributes to the covering of fixed costs and contributes to profit, which is a crucial metric for a company's financial health.

The complete question is:

kingston company sells its product for $200 per unit. the company's accountant provided the following cost information: manufacturing costs $21,700 + 40% of sales selling costs $17,800 + 23% of sales administrative costs $21,400 + 8% of sales. What is Kingston Company’s contribution margin ratio?

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which of the following are considered core measures and monitored by the joint commission? select all that apply.

Answers

Code arrests infection rates,  Advance directives,  Medication error rates and Restraint use are considered core measures and monitored by the joint commission.

Option A ,B ,C and E are correct.

Joint commission:

In order to keep an eye on the quality of care, the Joint Commission requires that organizations keep an ongoing record of a few fundamental metrics. Advance directives, autopsies, elopements, leaving against medical advice (AMA), blood transfusion reactions, code blue, conscious sedation complications, falls, medication errors, mortality, effectiveness of pain management, restraint use, perinatal care, deep vein thrombosis, and surgical-site infections are just a few examples. Not core measures include nurse staffing, vacation patterns, or tracking hospital admissions.

Question incomplete:

Which of the following are considered core measures and monitored by The Joint Commission? (Select all that apply.)

a. Code arrests infection rates

b. Advance directives

c. Medication error rates

d. Nurse staffing and vacation patterns

e. Restraint use

f. Numbers of hospital admissions

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acquired $490,000 cash needed to start the company by issuing common stock. purchased a retail building to make and sell chocolate for $240,000 cash. earned $85,000 cash from the sale of chocolates during its first year of operations. borrowed $190,000 cash from a local bank to assist in financing future operations. required: use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. more specifically, record the amounts of the events into the model. the first transaction is shown as an example.

Answers

the balance sheet, income statement, and statement of cash flows. more specifically, record the amounts of the events into the model. the first transaction  is $150,600.

What is stock?

The difference is that the owner of the former can vote on decisions affecting the company, but not the latter.

Preferred shareholders, on the other hand, are legally entitled to a certain amount of dividend payments prior to any dividend payments being made to other shareholders.

Convertible preferred stock is another thing that exists.

Essentially, it is a preferred stock with a conversion option that allows it to be changed into a specified number of common shares at any time following a specific date.

Cash from owners for stock $60,200 + Cash from borrowing of $30,200 + Inventory purchased for $10,200 - Cash paid for inventory of $10,200 + Equipment purchased for $70,200 - Cash paid for equipment of $10,000 = $150,600

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all of the following would suggest the use of personal selling-driven marketing communications strategies except when

Answers

Repetitive contact is not recommended by personal selling-driven marketing communications techniques.

What is marketing communications?

Marketing communications refer to a company's or an individual's plan for using various forms of communication to connect with their target market. Advertising, direct marketing, branding, packaging, sales presentations, trade show appearances, etc. are all examples of marketing communication. Every method and medium of interacting with your target audience is covered by the marketing communication mix, which is the "Promotion" of the marketing Ps. The marketing communication mix, upon which everything else in sales and marketing is based, is in many ways the core of your marketing strategy.

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which of the following are true concerning the search for employees with the right personality type?

Answers

Understanding your people's personalities can help you better understand how they work and how you can work with them, especially when creating teams.

Why is personality type important in the workplace?A more cohesive team. Particularly when forming teams, knowing your people's personalities can help you better understand how they function and how you can collaborate with them. Individuals make form a team, and personality can be either the mortar or the chisel that keeps the team together.Conscientiousness. This characteristic gauges a person's dependability and reliability. Higher scores indicate a person who is more goal-oriented, has better impulse control, and is typically more organised. They are likely to achieve academic success and show leadership potential.This makes sense given that conscientious people are more driven, have a greater need to succeed at their jobs, and are detail-oriented. Emotional stability is the second best indicator of personality.

These are the true concerning the search for employees with the right personality type :

There is no ideal personality profile.One personality does not fit all jobs.Employers should try to find a fit for an employee's personality.

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Which of the following is not a principle of the AICPA Code of Professional Conduct?O Internal Controls O Integrity O Objectivity and Independence O Due Care

Answers

The following is not a principle of the AICPA Code of Professional Conduct due care. The correct option is d.

What is the AICPA Code of Professional Conduct?

The AICPA Code of Professional Conduct defines threats as situations or associations that could cause a member to be non-compliant with the rules set forth in the Code or compromise their independence. According to the Code's threats and safeguard approach, significant threats are to be mitigated or eliminated through the establishment of safeguards.

If threats cannot be eliminated or reduced to an acceptable level through the use of safeguards, the engagement should be halted immediately.

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match these vocabulary words with their definitions. 1 . apropos suited to the time, place, or occasion 2 . collective bargaining negotiation between organized workers and employers on wages, hours, conditions, and benefits 3 . sharecropper a tenant farmer who pays a share of his crop as rent for his land

Answers

Collective bargaining is the process through which employees negotiate contracts with their employers through their unions to set their terms of employment, including pay, benefits, working conditions, hours.

What does being a sharecropper mean?In a legal arrangement involving agricultural land, a landowner let a tenant to utilise the property in exchange for a portion of the crops grown there.In a practice known as sharecropping, families rent small parcels of land from a landowner in exchange for a share of the harvest that would be given to the landowner at the end of each year.Sharecropping was like "slavery by another name" for recently released individuals, many of whom worked the same property, resided in the same homes, and were directly supervised by the same overseers. A sharecropping agreement on Cameron lands demonstrates the fundamental inequity of the system.

VOCAB :

apropos - Suited to the time, place, or occasion.

collective bargaining - Negotiation between organized workers and employers on wages, hours, conditions, and benefits.

sharecropper - A tenant farmer who pays a share of his crop as rent for his land.

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which of the following is not a requirement for parties that seek to challenge agency action?

Answers

Environmental law and policy in the United States are primarily driven by the regulatory activities of federal and state agencies as well as the litigation that challenges those measures.

Any decision, rule, regulation, order, or other official action taken by a government agency is referred to as an agency action. It includes a variety of tasks like rulemaking, licencing, permitting, and the application of laws and regulations. Agency activity frequently faces legal challenges because it may have a considerable influence on people, corporations, and the broader public. A petition or complaint must normally be filed in order to contest an agency decision, and administrative or court actions may also be necessary. Depending on the jurisdiction and the particular agency concerned, there may be different requirements for contesting an agency decision. However, in order to successfully overturn an agency decision, a party must show that the decision was unlawful, capricious, or otherwise unreasonable.

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holloway company earned $9,700 of service revenue on account during year 1. the company collected $8,245 cash from accounts receivable during year 1. required based on this information alone, determine the following for holloway company. the balance of the accounts receivable that would be reported on the december 31, year 1, balance sheet. the amount of net income that would be reported on the year 1 income statement. the amount of net cash flow from operating activities that would be reported on the year 1 statement of cash flows. the amount of retained earnings that would be reported on the year 1 balance sheet.

Answers

a. The balance of the business accounts receivable that would be reported on the December 31, Year 1, balance sheet: 4000.

b. The amount of net income that would be reported on the Year 1 income statement: 18000.

c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows: 14000

d. The amount of retained earnings that would be reported on the Year 1 balance sheet: 18000

What is a business?

In order to support one's way of life, owning a business entails producing, acquiring, and retailing things (such as goods and services).Despite using a business name, the owner of the company is still liable for any debtsthat that are made by the company because they are one and the same.The owner's personal property may be seized by creditors if the business accrues debts.A firm structure cannot be subject to corporate tax rates. The owner is required to pay personal taxes on all business profits.

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are the group of invertebrate chordates whose body is up to 7 cm long, laterally compressed, and elongated like that of a fish.

Answers

The group of invertebrate chordates whose body is up to 7 cm long, laterally compressed, and elongated like that of a fish is Lancelets

What are Lancelets?The order Amphioxiformes, which includes about 30 to 35 species of "fish-like" benthic filter-feeding chordates, includes lancelets, also known as amphioxi. They are the Cephalochordata subphylum's contemporary representatives. Any of a few members of the invertebrate subphylum Cephalochordata of the phylum Chordata are known as amphioxuses, also known as lancelets. Small marine creatures known as amphioxi are more prevalent in coastal waters of warmer regions of the world than in those of temperate regions. Except for Antarctica, all continental land masses have lancelets, which are marine invertebrates that dwell in shallow, tropical and temperate seas. Branchiostoma (23 species) and Epigonichthyes are two recognized and distinguished main groupings (7 species; Poss and Boschung, 1996).

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