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3 years ago

What must an entrepreneur assume when starting a business?

Business

2 answers:

fredd [130]3 years ago

8 0

The answer is: C.That Clever market strategies may still fail to sell a product

The purpose of making this assumption is to ensure that every entrepreneurs should always have a back up plan in case their initial plan is failing.

This prevent the entrepreneurs from losing all of their capital in one single failure. As long as they diversity their capital, they can find other means to get back on their feet in case their main strategy fail.

jok3333 [9.3K]3 years ago

5 0

C.That Clever market strategies may still fail to sell a product

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Before a significant risk medical mobile app (MMA) study can commence, what does the sponsor need to do

Minchanka [31]

Based on operational standards, before a significant risk medical mobile app (MMA) study can commence, the sponsor "must have an approved IDE from FDA."

IDE is the acronym of Investigational Device Exemption. Approval of IDE validates the investigational device to be utilized in medical research to obtain safety and efficacy data.

Similarly, FDA is the acronym of Food and Drug Administration. The responsibility of the FDA is to ensure there is safety and security of human and veterinary commodities, including drugs, biological products, and medical devices, among others.

Hence, in this case, it is concluded that the correct answer is that the sponsor "must have an approved IDE from FDA."

Learn more about the FDA here: brainly.com/question/14164603

3 0

3 years ago

A consumer goods company segments its markets on the basis of purchase patterns of their customers. The company groups its produ

Inga [223]

Answer:

Segmentation based on product usage

Explanation:

This is the process where by a Market research is carried out to know the frequency of the customers product usage there by allowing the company to be able to align its product with the given statistics. In other to push up the product usage advertisement campaigns are made to let the customers understand new uses of the products.

4 0

3 years ago

A company uses a process cost accounting system. The following information is available regarding direct labor for the current y

Serhud [2]

Question:

A company uses a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:

goods in process, January 1 5,500 units 80% complete

goods in process December 31 8,800 units, 40 complete

units completed and transferred 46,900 units

to finished goods

direct labor costs during the year $266,300

(a) Calculate the equivalent units of production for direct labor for the year.

(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

Answer:

Total equivalent unit= 41,040 units

Cost per equivalent units=$ 6.48

Explanation:

Equivalent units

Item Units Equivalent unit

Transferred out 46900× 80% = 37,520

Closing inventory 8,800 × 40% = 3,520

Total equivalent unit 41,040

Cost per equivalent units

Cost per equivalent units = Total labour cost/ total equivalent unit

= $266,300 / 41,040 units =$ 6.5

Cost per equivalent units=$ 6.5

5 0

3 years ago

The classical economists felt that saving would be equal to investment because

lozanna [386]

Classical economists felt this way because of the idea of 'interest rate flexibility'. This means that the classical economists believed in the idea that the economy would even itself out, or that the economy was 'self-regulating'. This lends itself to the idea that saving would be equal to investment because it does not take into consideration any shift in the economy.

6 0

4 years ago

5. Use the information below to answer question 5:

NemiM [27]

Answer:

(a) Excess reserves = 200

(b) Monetary base (B) = 900

Explanation:

Assuming that the required reserve ratio (missing in the question) is 0.1:

(a) Excess reserves = Reserves - Required reserves

Reserves = 400

Required reserves = Deposits x Required reserve ratio

= 2000 x 0.1

= 200

Hence, Excess reserves = 400 - 200

= 200

(b) Monetary base (B) = Reserves + Currency

= 400 + 500

= 900

= 1 / 0.1

= 10

5 0

4 years ago

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