Answer:
reseller
Explanation:
A resller is a person that purchases finished goods and sells them again to customers in order to earn a profit. Resellers do not make changes or modify the products they buy. Resellers can be wholesalers or retailers.
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Answer:
B) started many small firms that later became major corporations employing thousands of workers.
Explanation:
Entrepreneurship is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are four characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-Confident: he or she is bold and believes in his or her abilities to excel.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Historically, entrepreneurs in the United States of America have started many small firms that later became major corporations with branches across the world and employing thousands of workers to carry out its daily services.
Answer:
The answer is e. 40,500.
Explanation:
To find out the balance for account payable in 2014, we need to recall to the Accounting equation:
Asset = Liabilities + Owner's Equity
Applying in the question, we replace the balance of asset items, liability items and equity items in 2014 to find the answer:
Account Receivable + Cash + Inventories + Net Fixed Asset = Account Payable + Accruals + Common Stock + Long term debt + Notes payable + Retained earnings
=> 44,500 + 98,000 + 60,800 + 121,500 = Account Payable + 16,200 + 81,000 + 89,100 + 37,200 + 60,800 <=> Account Payable = $40,500.
So, the answer is e. 40,500.
The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.
