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Anika [276]
3 years ago
11

Paul worked as an artisan at a furniture company where a set of artisans were required to produce a specific part of a product,

and the product was later assembled. Paul quit his job and started a small furniture business where he crafts unique products based on the demands of his customers. He feels that the constant need to adapt and outperform himself keeps him focused and motivated to improve his craft. Which advantage of entrepreneurship is highlighted in the given scenario?
a.Challenge
b.Greater financial success
c.Survival
d.Greater tractability
Business
1 answer:
SpyIntel [72]3 years ago
6 0

Answer:

Challenge

Explanation:

Challenge is considered as an entrepreneurial advantage because it tend to 'force' people to actively improve themselves and find out inventive way to solve a problem.

When people feel that their job is not challenging enough, overtime they will feel that their activities become stale and boring. This will lead to the situation where they become unmotivated to even to come to work.

Having enough challenge at your work will keep you curious.

Like Paul, your work will make you feel excited and strive to prove yourself. This will make you constantly try to adapt to new things and keep improvising your craft.

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A company produces a product with variable costs of $2.50 per unit. The product sells for $5.00 per unit. The company has fixed
VLD [36.1K]

Answer:

The sales level in units to achieve the desired profit is 5,200 units.

Explanation:

Fixed cost = $ 3,000

Desired profit = $10,000

Lets the number of units sales is N.

Total variable cost = $2.5*N

Sales revenue = $5*N

Net Profit = Sales revenue – cost of goods sold – operating expenses

$10,000 = ($5*N) – ($2.5*N) - $3,000

($5*N) – ($2.5*N) = $ 10,000 + $ 3,000

$2.5*N = $ 13,000  

N = $13,000/$2.5

   = 5,200 units

Therefore, The sales level in units to achieve the desired profit is 5,200 units.

3 0
3 years ago
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Stoneheart Group is expected to pay a dividend of $3.27 next year. The company's dividend growth rate is expected to be 3.4 perc
shepuryov [24]

Answer:

The stock price is $37.16

Explanation:

Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.

Formula to calculate the value of stock

Price = Dividend / ( Rate or return - growth rate )

Price = $3.27 / ( 12.2% - 3.4% )

Price = $3.27 / 12.2% - 3.4%

Price = $3.27 / 8.8%

Price = $37.16

7 0
3 years ago
. In the trade scenario in problem 1, due to overfishing, Norway becomes unable to catch the quantity of fish that it could in p
FrozenT [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

7 0
3 years ago
Select the question that can be answered using only raw data. Multiple choice question. Which of the perishable items used by a
QveST [7]

The question that can be answered using only raw data is C. What is the <u>date, amount sold</u>, and <u>customer number</u> for a sale transaction?

<h3>What is raw data?</h3>

Raw data refers to data that has <u>not been processed</u> for use.

For example, unlike the perishable items to be ordered first or the lowest sales per week data, the data on the date, amount sold, and customer number for a sale transaction remain unprocessed and therefore raw.

Thus, the question that can be answered using only raw data is C. What is the <u>date, amount sold</u>, and <u>customer number</u> for a sale transaction?

Learn more about raw data at brainly.com/question/26207955

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8 0
3 years ago
Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spe
laiz [17]

Answer:

the spending and tax policy that the government pursues to achieve particular macroeconomic goals.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.

7 0
3 years ago
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