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Masja [62]
1 year ago
5

What can an entrepreneur do to reduce risk?.

Business
1 answer:
Oksana_A [137]1 year ago
4 0

An entrepreneur can create a strong business strategy to reduce risk.

Entrepreneurs are the individuals who start new firms, taking on the majority of the risks and reaping the greatest gains. Entrepreneurship is the act of starting a business. The entrepreneur is typically thought of as an inventor who develops original ideas for products, services, businesses, and operational needs.

Creating a business strategy is one of the first actions that entrepreneurs may do to lower the risks associated with a new venture. Before beginning, one must determine how much time and money one will devote to their new venture. Market research should also be conducted. This provides insight into the likelihood that your new venture will succeed or fail.

Read more about entrepreneurs on:

brainly.com/question/28505555

#SPJ4

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It would be d bc it not everyone does all of the things they are saying
7 0
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List three things you can do to improve job satisfaction
andrew-mc [135]

1. Respectful treatment of all employees at all levels

2. Trust between employees and senior management

3. Job security

Hope that helps :)

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The following data are from the accounting records of Niles Castings for year 2: Units produced and sold 80,000 Total revenues a
Kruka [31]

Answer:

Gross Margin = $ 115,000 Contribution Margin= $ 144,500

Explanation:

Nile Castings

Income Statement

Year 2

Sales Revenue                                                           $ 270,000

Direct Materials                                                            $63,000

Direct Labor                                                                 $ 33,000

Variable Manufacturing Overheads                            $ 18,000

Fixed Manufacturing Costs                                        <u>  $ 41,000</u>

Gross Margin                                                                $ 115,000

Less Marketing & Administrative Costs

Fixed Marketing Costs                                                 $ 38,000

Variable Marketing Costs                                         <u>   $ 11,500</u>

<u>Net Profit                                                                    $ 65,500</u>

Nile Castings

Income Statement Under Absorption Method

Year 2

Sales Revenue                                                           $ 270,000

Direct Materials                                                            $63,000

Direct Labor                                                                 $ 33,000

Variable Manufacturing Overheads                            $ 18,000

Variable Marketing & Administrative Costs               <u> $ 11,500</u>

Contribution Margin                                                  $ 144,500

Less Fixed Costs

Fixed Manufacturing Costs                                       $ 41,000

Fixed Marketing Coss                                               <u>  $ 38,000</u>

<u>Net Profit                                                                    $ 65,500</u>

3 0
3 years ago
The useful life of a new plant asset _____. is the same as the asset's total productive life. might not exceed one year. might b
gulaghasi [49]

Answer:

The correct answer is letter "C": might be estimated based on the experience of others or on engineering studies and judgment if the company does not have past experience with a similar asset.

Explanation:

A company's assets represent the<em> cash, patents, accounts receivable, equipment, plants, </em>and <em>land</em>, among others, useful for the firm to generate profit. When it comes to plant assets, they are considered fixed assets for cost accounting purposes and are nothing but the <em>land, buildings and machinery</em> useful for manufacturing.

<em>Calculating the useful life of a plant asset can be complicated and may require engineering studies. However, if the expertise of an employee is good enough to determine it the firm must take advantage of this strength but if there is nobody with this capability the institution should look for someone who does moreover when it does not have experience computing the useful life of such assets.</em>

8 0
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Answer:

The correct answer is: No, this situation is impossible.

Explanation:

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7 0
3 years ago
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