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2 years ago

Which of the following is the best example of an activity undertaken by someone who economists classify as an entrepreneur?

Business

1 answer:

Mashutka [201]2 years ago

4 0

Answer:

C. Someone starting a new business

Explanation:

An entrepreneur is a person who organizes and operates the business and takes into consideration all the factors associated with the business as they take big risks.

And also performs experimentation with the assets of the company and promotes the industry. These tend to take the calculated risks are like those economists that follow economic principles.

You might be interested in

Distinguish between medium and higher level education with<br>illustration.

Leviafan [203]

medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end.

8 0

2 years ago

Moon Flower Cosmetics Company's executives are aware that their Asian customer base is interested in advanced skin care treatmen

vovangra [49]

Answer:

Letter b is correct. <u>Joint venture.</u>

Explanation:

The Joint Venture strategy can be defined as an economic association that occurs between two or more companies, whose objective is to carry out a certain activity during a limited period of time.

Joint Venture operations are commonly used for various organizational purposes, such as commercial, logistical, technological, etc., in addition to being a strategy that makes it possible to accelerate business by combining business resources.

It is necessary to know that in addition to the mutual benefits, the companies that adopt this strategy also share the same risks and costs, therefore planning is necessary so that the commercial association is profitable for both companies.

8 0

2 years ago

In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be

RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0

2 years ago

The Technology department at Watkins Transit has a budgeted annual cost of $65,000. The department has a capacity to handle 250

Mrrafil [7]

Answer: $14,625

Explanation:

Based on the information given, if practical capacity is used to allocate cost, the cost that is allocated to shipping will be:

= Budgeted annual cost/200 × Number of shipping work stations

= 65000/200 × 45

= $14,625

3 0

2 years ago

Suppose your opportunity cost rate is 11 percent compounded annually. (a) How much must you deposit in an account today if you w

BlackZzzverrR [31]

Answer:

a. Amount = $1653.93

b. Amount = $1835.82

Explanation:

The Present Value is the deposited amount of future payments.

The payments are annuity if they are made at the end of each year.

To compute the present value of an annuity with periodic payment, we'll make use of the following formula:

M(1 - (1 + r)^- T)/ r

Where

M = Periodic Payment = $230

T = Periods = 15

r = rate = 11% = 0.11

So, Amount of Deposit = 230(1 - (1 + 0.11)^-15)/0.11

Amount = 230(1 - (1.11)^-15)/0.11

Amount = 230 ( 1 - 0.209)/0.11

Amount = 230 * 0.791/0.11

Amount = 230 * 7.191

Amount = $1653.93

In this case payments are made at the beginning of each period

This means that the payments are an annuity due.

To compute the present value of an annuity due with periodic payment, we'll make use of the following formula

M((1 + r) - ( 1 + r) ^ ( 1 - T))/r

Amount = 230(( 1 + 0.11) - (1 + 0.11) ^ (1 - 15))/0.11

Amount. = 230((1.11 - 1.11^-14))/0.11

Amount = 230(1.11 - 0.232)/0.11

Amount = 230 * 0.878/0.11

Amount = 201.94/0.11

Amount = $1835.82

3 0

2 years ago