f Police B. being appointed to the U.S. Supreme Court C. starting a snow cone business D. choosing the color scheme for your renovated kitchen
C) starting a snow cone business
An entrepreneur is someone who decides to start his own business, usually a small business. Only option C refers to starting a new business.
Option A and B refer to positions where you are employed by the government (being a government employee is the opposite of being an entrepreneur).
Option D refers to painting your kitchen not opening a new business.
Coefficient of variation=
= .5270462767 times 100%
Which rounded to the nearest tenth percent is 52.7%
Consider the following production possibilities frontier model for an economy that produces only two goods: barley and tablets.
The fact that there are only two goods produced in this theoretical economy is a simplifying assumption that still allows economists to demonstrate key economic concepts.
The purpose of economic models is not exactly to portray complex reality, but to produce insights into how it works. Creating a model with two countries that produce thousands of products would be methodologically unfeasible. Economists therefore adopt simplifications to explain concepts and create insights into how the real economy works.
6 months ago
involves a _ involves a binding contractual agreement between a firm and another firm or individual whereby the business name an
In Franchising, a company who already has a successfully established brand give other people with the ability to open new branch by using that brand.
Example for this would be McDonald. McDonald operate under a franchising system, in which a person who have enough capital to provide building can pay a certain amount money to McDonald in exchange for permission to use its brand.
In most franchising system, the Franchiser usually impose a strict regulation regarding the format of the business. They do this in order to maintain the reputation of the brand.
1 year ago
Bart sold a parcel of land for $21,000. He paid a real estate agent a commission of $1,500 for assisting with the sale. Bart had
To measure the gain or loss, first we have to assess the selling price of land shown below:
= Selling value of land – sales commission charged
= $21,000 – $ 1,500
And, the land purchase value is $20,000
Thus, the loss would be
= Selling price of land – purchasing value of land
= $19,500-$ 20,000
= -$ 500
This negative figure represents the loss of $500.
8 months ago
Buyers want to pay the lowest possible price, so why would they be willing to pay more than $12 for a pizza?
Maybe because they also want to get a drink and some wings
7 months ago
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