Answer:
Explanation:
An entrepreneur is a person that sets up a business for the aim of making profits and of social benefits to the society . An entrepreneur bears the risks and rewards alone.
The five objectives of an entrepreneur are listed as below.
1) Profit making: This is one of the primary objectives of an entrepreneur and it is a basis on which some other objectives are built , being a source of cash generating to achieve other objectives.
2)Acquiring the right talents and skills ; An entrepreneur will like to have the right skills and talent in his team for efficiency , effective and economy purposes.
3)Growth ; An entrepreneur aims at growth as the level of profit generated is directly related to the growth attained. The higher the growth, the higher the profit.
4)Sustainability : Another goal is sustainability . He will work towards maintaining his position in the market to ensure going concern . Every business is confronted with competition which can take a business down if not well managed.
5)Online positioning : Taking advantages of online opportunities is critical to success in businesses. He will like to leverage on online opportunities for growth and sustainability.
Answer:
4) has a fixed number of payments in equal amounts
Explanation:
1) the term is much longer than other loans
FALSE, installment loans can be short or long, the term refers to periodic payments.
2) lower interest rates are charged to borrowers
FALSE, interest rates vary depending on the customer and the purpose of the loan, they can be higher or lower.
3) is technically an unsecured loan
FALSE, they can be secured or unsecured loans, there is no one size fits all rule
Answer:
Providing rigid policies, procedures, standards and guidelines
Explanation:
Steering team or leadership team is the leading decision meeting committee which is responsible to implement different projects to increase the profitability of stakeholders and shareholders. The leadership team is responsible to select important projects and ensure effective procedures and report progress. The management or the manager is responsible to provide rigid policies, procedures and guidelines.
For most people, the most effective way to save is to deposit extra money into a savings account. Using budgets is great, but not a lot of people can create and adhere to them.
The correct statement will be that the monthly lease payments that Ralph will have to make to lease such a car will be $362.17. So, the correct option that matches the statement is not quoted above.
The calculation of monthly lease payment can be done by deduction of residual value and dividing such value by number of months.
<h3>
Calculation of monthly lease payments</h3>
- The residual value can be calculated by using the formula by applying the given information,
- So, depreciation of the car after three years will be $8960.
- Interest payment per month will be calculated as,
- And the payment towards actual lease would be,
- So, total monthly payment towards leasing such car will be,
Hence, the correct statement is that the monthly payment towards the lease of car by Ralph will be $362.17 and none of the options given is correct.
Learn more about <u>Monthly Lease </u>here:
brainly.com/question/1856464