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NARA [144]
3 years ago
14

Why are entrepreneurs considered both spark plugs and catalysts of the free enterprise economy?

Business
1 answer:
Tanya [424]3 years ago
3 0
<span>Entrepreneurs are considered to be both spark plugs and catalysts of the free enterprise economy because of a number of reasons. Everybody benefits and profits when an entrepreneur becomes successful. When an entrepreneur opens his or her search for profits, the effects would be a chain of events where new products, greater competition, more production, higher quality, and lower prices for consumers can be observed. An entrepreneur is said to be a spark plug in the free-market for there is that vision of providing a product or a service that people are willing to pay for, combined with the ability to produce that product or service at a cost below the market sales price which propels him/her to take action. Capitalism will not work if it were not for the entrepreneurs who take the risks and start the businesses that produce the goods and services we all enjoy.</span>
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Expected volume of production ​50,000 units Actual volume of production ​47,500 units Budgeted fixed overhead​ costs(for 50,000
Westkost [7]

Answer:

Volume Variance= $ 20,000 Unfavorable

Explanation:

The Volume Variance is the difference between actual production (AP) and budgeted production (BP) for a period multiplied by the standard fixed overhead rate (SR)

Volume Variance= (AP-BP) *SR = (47500- 50,000)* 400,000/50,000=

                          = 2,500 * 8=  $ 20,000 Unfavorable

Whenever actual production is less than the budgeted production the fixed overhead charged to production is less than the budgeted cost the volume variance is adverse.

3 0
3 years ago
Sourcing goods and services from locations around the globe is known as __________.
faltersainse [42]

Answer:

Global Sourcing

Explanation:

Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries.

5 0
3 years ago
Please help me to solve this.
zvonat [6]

Answer:

its b

Explanation:

8 0
3 years ago
The risk-free rate is 3%. MCD currently prices at $25. The Delta of a 1-year at-the-money European call on MCD is 0.5. John has
erica [24]

Answer:

Short 1.5 shares

Explanation:

Given data :

Risk free rate = 3%

current price ( market price ) = $25

Delta of  1-year at money European call on MCD = 0.5

<u>Determine how many shares of MCD John should either Long or short to achieve a delta-neutral </u>

use the relation below

4 * 0.5  + 1 ( 0.5 - 1 )  + x = 0

x ( number of shares ) =  - [ 4 * 0.5  + 1 ( 0.5 - 1 ) ]

                                     = - 1.5 shares

negative ( - ) means MCD should short 1.5 shares

5 0
2 years ago
The role of management in the success of a business?
Kaylis [27]

Effective management theories can be the basis of a success in a business. ... It is thus the duty of managers to plan, organize, lead and control the various functional areas with the aim of ensuring that the entire organization moves towards the same organization

Mark me as brainliest

3 0
3 years ago
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