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Ghella [55]
1 year ago
12

When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of _

_______.
Business
1 answer:
Alexeev081 [22]1 year ago
8 0

When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

<h3>Who is an entrepreneur?</h3>

This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.

The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.

Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.

Read more on an entrepreneur here: brainly.com/question/353543

#SPJ1

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The argument for import protection in developing countries to bring about industrialization differs from the infant-industry arg
Zigmanuir [339]

Answer:

D) it presumes there will be economic gains even if output does not become internationally competitive

Explanation:

The argument for import protection in developing countries to bring about industrialization differs from the infant-industry argument in that it presumes there will be economic gains even if the output does not become internationally competitive. International competitiveness is a step of the relative cost of services/goods from a nation. Countries that can provide a similar quality of goods at a cheaper cost are stated to be extra competitive.

4 0
3 years ago
A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a
Archy [21]

Answer:

A

Explanation:

8 0
3 years ago
Infinity Corporation purchased equipment with a 10-year useful life and zero residual value for $10,000. At the end of the fifth
sesenic [268]

Answer:

a capital gain of $1,000.

Explanation:

Given,

The cost price of Equipment = $10,000

Useful life of the equipment = 10 years

Residual value = $0

Depreciation (Straight-line method) = Cost price/useful life

Depreciation (Straight-line method) = $10,000/10 = $1,000

Since, it is a straight line method, the depreciation will remain same each year. Therefore, at the end of the fifth year, the depreciation of equipment = $1,000 x 5 = $5,000

At the end of the fifth year,

The book value of the equipment= Equipment - Accumulate depreciation= $(10,000 - 5,000) = $5,000

If the company sales the equipment after the end of the fifth year,

there will be a capital gain.

Capital Gain of equipment = Sales price of equipment - book value of equipment

Capital Gain of equipment = $6,000 - 5,000 = $1,000. The journal entry will be -

Cash/Bank                              Debit       $6,000

Accumulated Depreciation   Debit       $5,000

Gain on sale of equipment                  Credit       $1,000

Equipment                                            Credit      $10,000

5 0
3 years ago
You find that the bid and ask prices for a stock are $14.25 and $15.45, respectively. If you purchase or sell the stock, you mus
Nezavi [6.7K]

Answer:

$180

Explanation:

The bid price of a stock is $14.25

The ask-price of a stock is $15.45

A flat commission of $30 must be paid in the stock

100 shares of stock are bought

Therefore, the total implied and actual transaction costs can be calculated as follows

= Commission+(ask price-bid price)×number of shares

= 30×2+($15.45-$14.25)×100

= 60+ 1.2×100

= 60+120

= $180

Hence the total implied and actual transaction cost is $180

6 0
3 years ago
True or False: If Antonio's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decre
anastassius [24]

Answer:

False

Explanation:

The market demand curve in perfect competition slopes downward.

Price is determined by the intersection of market demand and supply; under perfect competition, the individual firms don't have any influence on the market price.

Individual firms become price takers when the market price is determined by market supply and demand forces. Individual firms are forced to charge the equilibrium price of the market or the consumers would purchase the product from the many other firms in the market who are charging a lower price. The demand curve for an individual firm is, therefore, the same as the equilibrium price in the market

All individual firms are price takers in a perfectly competitive market. The price is determined by the intersection of market supply and demand curves.

The demand curve for an individual firm is not the same as the market demand curve. The market demand curve slopes downward, whereas the firm's demand curve is a horizontal line.

The firm's horizontal demand curve indicates a price elasticity of demand that is perfectly elastic

The horizontal demand curve of an individual firm indicates that the elasticity of demand for the good is perfectly elastic. This means that if any individual firm charged a price somewhat above market price, it would not sell any products.

Offering a firm's product at a lower price than the competitors is a strategy usually used to enhance market share. In a perfectly competitive market, firms cannot reduce their product price without experiencing a negative profit. Thus, assuming that each firm is a profit-maximizer, it will sell its output at the market price.

5 0
3 years ago
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