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svetoff [14.1K]
4 years ago
11

What factor LEAST contributes to the success of an entrepreneur?

Business
1 answer:
dlinn [17]4 years ago
5 0
<h2>Family money seems to be less important</h2>

Explanation:

Creativity is important because, creative persons are successful persons

Diligence: Careful work is always expected from Entrepreneur.

Hard work: Hard work is essential for every person and not only entrepreneur.

Family money: This is the least important is the family money. You definitely need money, but there are many ways to get money say you can apply for personal loan and other corporate loans to start business.

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Assume France and Mali can both produce grain and dates, and that the only limited resource is the farming labor force, meaning
soldi70 [24.7K]

Answer:

In France:

Farmer can produce = 10 metric tons of grain or 5 metric tons of dates in a season

In Mali:

Farmer can produce = 10 metric tons of grain or 25 metric tons of dates.

(1) Mali has the absolute advantage in producing dates because Mali produces more metric tons of dates than France from the same level resources.

(2) No country has an absolute advantage in producing grain because same amount of grain were produced by both the countries with the same level of resources.

(3) Opportunity cost of dates in France = \frac{10}{5}

                                                                 = 2 grain

Opportunity cost of dates in Mali = \frac{10}{25}

                                                       = 0.4 grain  

Therefore, Mali's opportunity cost of producing dates is lower than France, so Mali has a comparative advantage in producing dates.

(4) Opportunity cost of grain in France =  \frac{5}{10}

                                                                = 0.5 dates

Opportunity cost of grain in Mali = \frac{25}{10}

                                                      = 2.5 dates

Therefore, France's opportunity cost of producing grains is lower than Mali, so France has a comparative advantage in producing grains.                                          

7 0
3 years ago
Credit cards and charge cards differ in two important ways. One is the method of payment. What is the other difference? A. You e
inessss [21]

B You earn interest when you use a charge card but not a credit card.

7 0
3 years ago
Read 2 more answers
Select one of the four design thinking tools presented in the course (listed below) that you are interested in applying to a cha
weqwewe [10]

Answer:

jt75ygr88yhg bhhg77ygfhuhh7

Explanation:

7 0
3 years ago
If a country increases the amount of goods it imports but its exports remain unchanged:
yarga [219]
<span>a) AD shifts left. since we would be spending more but not making more</span>
6 0
3 years ago
How much should a new graduate pay in 10 equal annual payments, starting 2 years from now, in order to repay a $30,000 loan he h
Marina86 [1]

Answer:

each payment will for 4,320.60 dollars

Explanation:

First, we will calculate the future value of the 30,000 two years from now

then we calcaualtethe annuity present value of this to know the student payment

timeline:

<---//----/-/-/-/-/-/-/-/-/-/-/->

loan    student payments

the loan futre value will be:

30,000 x 1.06^{2} = 33708

Now we calculate an annuity-due which 10 payment being made at 6% discount rate

This will be an annuity-due because today we are receiving the loan and in excatly 2 years form now we will start the payment so it will be at the beginning of the period

Annuity-due formula

PV \div \frac{1-(1+r)^{-time} }{rate} (1+r) = PTM\\

PV  $33,708.00

time 10 years

rate          0.06 discount rate

33,708 \times \frac{1-(1+0.06)^{-10} }{0.06} (1+0.06)= PTM\\

PTM = $ 4,320.601

4 0
3 years ago
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