Mike assumed all the risk.
An entrepreneur is typically a small business owner who starts their own business and assumes all the risk. This means that if the business fails, the entrepreneur is the one who looses his investment. If the business is sued or does not deliver on their end of a contract, this is also the responsibility of the entrepreneur.
Financial Resource -
Managing capital funds and cash flow, collection, and payment of debts.
Answer:
True.
Explanation:
The main reason for the coming of the Constitutional Convention of 1787 was that the Articles of Confederation were failing. Under the system that which was established by the Articles of Confederation, the national government was very weak and had very limited power. It had to depend on the states for its existence. Therefore, the Federalists realized the need to ratify the Articles of Confederation. Accordingly, they called delegates from all the states of the United States for the ratification of the Constitution.
Answer:
A. True.
Explanation:
The least total cost method (LTC) lot-sizing technique is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot in which these are most nearly equal.
