Answer:
Entrepreneurship is a continuous phase of development and movement while being focused on goal
Explanation:
An entrepreneur has an undeniable trait of being flexible along with being focused and pivoted to move in the right direction at the right time. If the circumstances require, he/she can also pivot in the other direction while being flexible at the same time.
Thus, entrepreneurship is a continuous phase of development and movement while being focused on goal.
Answer:
The correct answer is letter "C": The demand for bourbon whiskey is more elastic than the demand for alcoholic beverages in general.
Explanation:
Elasticity is a measure of the response of variables to a shift in a certain variable. It can explain to what degree the supply or demand for a product or service shifts with the price of the goods or the income of customers. <em>Basic staples such as milk or gasoline tend to be low in elasticity</em>. This is because to change the quantity demanded involves a meaningful change in price or customer income. <em>It's said that luxury goods like high-end vehicles and electronics have high elasticity</em>.
Thus, <em>bourbon whiskey is considered as a luxury beverage compared to other alcoholic drinks. Thus bourbon whiskey is more elastic</em>.
The tax policy in the given scenario is Progressive
.
<u>Explanation:
</u>
A progressive tax is based on low-income payers due to their ability to pay which places a lower corporate tax rate on lower-income payers relative to those with greater income. It implies that higher-income earners take a bigger share than low-income individuals.
A progressive tax is one for people who have received higher income and demand a higher tax. There is a reason for usually spending more of your income on keeping your standard of living by people with a lower income. Individuals who are wealthier will normally (and then some) provide the basic necessities of life.
The degree to which a tax system is progressive relies on how fast tax rates rise relative to income increases.
For example, if the tax code has a low 10% and a high 30% rate, and the income tax rate is between 10 and 80%, the latter is progressionary.
Answer:
d. $650 gain
Explanation:
Gain or loss is a function of the prices an item cost at the time of purchase and the amount realized on the sale of the item.
Gain/loss is the difference between the selling price and cost price. Where the cost is more, the company makes a loss, where it is not greater than or equal to, the company makes a gain.
total cost = $18,000 + $350
= $18,350
Gain/(loss) = $19,000 - $18,350
= $650