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Oduvanchick [21]
2 years ago
6

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.
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You are a CPA. You have just finished one of your client’s taxes and found that he owes $10,000 more in taxes than he expected.
solmaris [256]

Answer:

(2) I. Express appreciation for trusting you to handle taxes II. Explain situation A. Unexpected income B. Change in tax codes III. Inform the client he owes an additional $10,000 in taxes IV. Close with a forward-looking statement.

Explanation:

This would be the best way to address this situation. In this example, the client is likely to be angry and upset when he realizes about the changes in his taxes. Therefore, you should try to preempt this situation. By expressing appreciation for using you to handle his taxes, you begin in a positive and friendly note. Moreover, you should proceed to explain the situation, inform him of the changes, and end on a kind note.

6 0
2 years ago
Knowledge about challenges specific to the operations function can help marketing personnel to judge how _____________ new produ
Goshia [24]

Answer: Identifying the consumer needs, advertising and promotion, pricing.

Explanation:

 According to the given question, the knowledge about the different types of challenges regarding the specific operations and the functions that helps in marketing the new design of the products and it also helps in judge the pricing, advertisement and the promotion of the new products in the market.

 In the marketing, the main function is to identifying the actual requirement of the customer and also helps in influence the competitiveness in the market.

 Therefore, The given answer is correct.  

7 0
2 years ago
Dorian company produces and sells a single product. the product sells for $60 per unit and has a contribution margin ratio of 40
Rudik [331]
<span>Contribution margin ratio is 40% or $24 per unit Fixed expenses are $28,800 Variable expense per unit is $36 Assuming Q is quantity, sales needed to achieve monthly net equal to 10% of sales is Sales = Variable expenses + Fixed expenses + profit $60Q = $36Q + $28,800 + ($60Q x 10%) $18Q = $28,800 Q = 1600 units Monthly sales will have to be 1600 x $60 = $96,000</span>
3 0
2 years ago
The manufacturing cost of an air-condioning unit is $544, and the full-replacement extended warranty costs $113. If the manufact
Likurg_2 [28]

Answer:

$11,457,522

Explanation:

If the full extended warranty costs are $113 per unit replaced, and 20% of the 506,970 units sold will be replaced, then the total warranty costs are:

total warranty costs = total number of units sold x percentage of units that need warranty replacement x cost per unit replaced

total warranty costs = 506,970 units x 20% x $113 per unit = $11,457,52

7 0
2 years ago
Read 2 more answers
Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would
insens350 [35]

Answer:

E. Centralized Authority.

Explanation:

As Typhanie, a customer service representative with WestComm Wireless Services, was asked by one of her customers if WestComm would be interested in joining the chamber of commerce to meet potential customers and increase its contacts in the local business community. Typhanie believes this is a very good idea and approached her manager, Deondre, about becoming a chamber member. Deondre said to Typhanie, "Because the cost of membership is over $500 and you will have to leave the office to attend meetings, I will have to get approval from management above me." WestComm is an example of an organization with centralized authority.

In centralized authority, the decisions are made from the top level management or decisions are made from certain managers. Anyone can't make decisions by his or her own in this kind of management style. This system has many flaws as well. As we have seen here in this case, Typhanie is interested in going to chamber of commerce which definitely will be very good for the organisation but when she approached her manager Deondre, he said he even himself can't decide about it, he has to get the orders from his boss. Although the event can be good for the organisation but centralized decision making has made it almost impossible.

8 0
2 years ago
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