Answer:
<em>(A) realize financial rewards.</em>
Explanation:
In <em>theory (textbook)</em> the no.1 reason that people become entrepreneurs is to achieve <em>maximum return</em>. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.
However, in <em>practicality</em> people adopt business to <em>pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards. </em>
Answer:
Both are ongoing
Explanation:
Remember, projects do not go on forever. Rather, projects are usually marked by deadlines. However, operations are simply ongoing activities in which resources are planned, executed, monitored and controlled by individuals.
which may be constrain
A none similarity between projects and operations is that, they both are not ongoing .
Answer:
States audit provides reasonable basis for the opinion.
Explanation:
The auditor performs the audit to assure certain things about the financial statements of the company. As like:
- The financial statements represent true and fair view of the affairs of the company.
- There is no false presentation in the company's financial statements.
- The company complies with all the presentation standards for financial statements as stated by US GAAP.
This assures that the audit of financial statements do not provide any basis of opinion, rather the auditor presents his opinion on financial statements.
Answer:
$1,400
Explanation:
Let us assume the interest rate 5% be 0.05X = X
And, for interest rate 7% be 0.07X = Y
So the first equation is
X + Y = $2,000 ................ (1)
And, the second equation is
0.05X + 0.07Y = $112 .................. (2)
Now multiply the 0.05 in equation 1
0.05X + 0.05Y = 100
0.05X + 0.07Y = $112
Now solving these above equations
0.02Y = 12
Y = 600
Now put the Y values to the first equation
X + 600 = $2,000
Y = $1,400