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masha68 [24]
3 years ago
12

Conversations with people who start their own business often reveal that Group of answer choices most small business owners begi

n with significant personal wealth. the most successful entrepreneurs often start their business ventures right after high school. it is unusual for experienced corporate managers to start their own businesses. many small business owners got their entrepreneurial idea from a previous job.
Business
1 answer:
Umnica [9.8K]3 years ago
7 0

Answer:

Conversations with people who start their own business often reveal that many small business owners got their entrepreneurial idea from a previous job.

Small businesses are started either as a sole proprietorship or partnership, where they sell fewer resources than a larger company. Entrepreneurial ideas come from starting the business from previous jobs to help the small business make maximizing profit

Hope this helps ;)

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Merchandise is ordered on june 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by th
scoundrel [369]

June 18th.

The date that the buyer receives the item is not important for the credit period, which starts the day the items are send out and invoiced.

4 0
3 years ago
Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.2. If a
melomori [17]

Answer:

$7.5

Greater

Explanation:

Price elasticity of demand = percentage change in quantity demanded/ percentage change in price

0.2 = 10%/ percentage change in price

percentage change in quantity demanded = 50% = 0.5

0.5 = (New price - $5) / $5

New price = (5 × 0.5) + 5 = $7.5

In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.

I hope my answer helps you

5 0
3 years ago
Mesa County contracts with New Construct Inc. to build a courthouse. New Construct hires Odell to excavate the site. Odell’s wor
Paraphin [41]

Answer:

c. liable on the ground that Mesa is an intended third-party beneficiary

Explanation:

             In a contract, the third-party beneficiary is a business or a person that benefits from the agreement and the terms of the contract that is made between the two other parties. According to law,  third-party beneficiary have certain rights which they can enforced if the contract is not fulfilled.

            In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.

            While excavating Odell damages few nearby properties, so Mesa County files a law suit against Odell. But Odell argues that Odell is not in agreement with Mesa County or have not entered into with any contract with the County, so Mesa cannot sue the excavator.

            But the court hold that as Mesa County is the third party beneficiary of the contract and have certain rights, Odell is held liable for the loss and should compensate for the loss to the County.

3 0
2 years ago
At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. The annual budgeted manufact
scoray [572]

Answer:

The correct answer to the following question is $36,000.

Explanation:

Given information  -

Units anticipated to be produced - 300,000 units

Variable cost - $150,000

Fixed cost - $600,000

Beginning inventory - 5000 units

Ending inventory  - 7000 units

Income under absorption costing - $40,000

Now under the absorption costing, rate of fixed overhead cost per unit -

Fixed cost / Number of units produced

= $600,000 / 300,000

= $2

In April ( under absorption costing ), the amount of fixed manufacturing overhead cost that was still embedded in ending inventory but were not expense -  

Fixed overhead rate per unit x number of units produced but not sold

= $2 x 2000 ( 7000 units - 5000 units )

= $4000

So when we calculate the operating cost under variable costing this fixed overhead cost wold be subtracted from total income -

$40,000 - $4000

= $36,000 .

6 0
3 years ago
HELP BUSINESS ENGLISH!
yulyashka [42]
I believe the answer should be C. autonomy.
Explanation : Manny is denied time off, Autonomy allows you to set your own schedule. Manny’s new co workers are sloppy, Autonomy means frequently asking your employees for feedback.
4 0
2 years ago
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