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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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Steve has estimated the cash inflows and outflows for his dental firm for next year. The report that he has prepared summarizing
natulia [17]

Answer:

C. cash budget.

Explanation:

As we know that

The cash budget refers to the inflow and outflow of cash in which inflow refers to the receipts of the service rendered while the outflow could be in terms of purchase of long term assets in cash, expenses incurred in cash, etc

So while estimated the cash inflows and cash outflows, the cash budget is to prepared so that the firm get to know its cash position

6 0
3 years ago
When tolls on the Dulles Airport Greenway were reduced from $1.75 to $1.00, traffic increased from 10,000 to 26,000 trips a day.
Artemon [7]

Answer:

Price elasticity of demand, P_{ED} = 1.63

Explanation:

We know,

Price elasticity of demand, P_{ED} = \frac{Percentage change in Quantity Demanded}{Percentage change in prices}

We will be using mid-point method to calculate the price elasticity.

Here,

Percentage change in Quantity demanded = \frac{Q_{1} - Q_{0}}{\frac{Q_{1} + Q_{0}}{2}} × 100

or, Percentage change in Quantity demanded = \frac{26,000 - 10,000}{\frac{26,000 + 10,000}{2}} × 100

Therefore, % change in Quantity demanded = \frac{16,000}{18,000} × 100 = 88.89%

Again,

Percentage change in price = \frac{P_{1} - P_{0}}{\frac{P_{1} + P_{0}}{2}} × 100

or, Percentage change in price = \frac{1.00 - 1.75}{\frac{1.00 + 1.75}{2}} × 100

Therefore, Percentage change in price = \frac{-0.75}{1.375} × 100 = - 54.55%

Therefore, Price elasticity of demand, P_{ED} = 88.89% ÷ (- 54.55%) = 1.63

We know, price elasticity is always positive. Therefore, we have to give an absolute value for price elasticity.

5 0
3 years ago
Suppose two cities are considering tearing down their stadiums to build new ones. In one city, the old stadium cost $5 million t
worty [1.4K]

Answer:

The correct answer is option C.

Explanation:

Two cities are planning to demolish their old stadiums and build new ones.  

Keeping everything else equal, the old stadium cost $5 million to build in one city and $50 million to build in the other.  

These construction costs are sunk costs that have been incurred and cannot be recovered. Since these costs cannot be any longer recovered they should not be considered in deciding future investments.  

7 0
3 years ago
A car repair shop has two hoists where cars can be lifted for repair work. Currently customers come in at the rate of 4 per hour
Agata [3.3K]

Answer:

The Cars wait an average of 1.67 hours before being served at routine repairs.

The Cars wait an average of 3 hours before being served at major repairs.

Explanation:

At the routine repair hoist, 5 people waiting on average hence the Inventory (I) = 5 cars. The cars are processed at a rate of 3 per hour, hence the Throughput (R) = 3 cars per hour.

Therefore the Flow time (T) = I/R = 5/3 = 1.67 hours.  

The Cars wait an average of 1.67 hours before being served at routine repairs.  

 

At the major repair hoist, 3 people waiting on average hence the Inventory (I) = 3 cars. The cars are processed at a rate of 1 per hour, hence the Throughput (R) = 1 cars per hour.

Therefore the Flow time (T) = I/R = 3/1 = 3 hours.  

The Cars wait an average of 3 hours before being served at major repairs.

5 0
3 years ago
In the highest level of ethical and moral behavior, the individual is able to move beyond mere self-interest and duty and take t
Aneli [31]

Answer:

postconventional stage

Explanation:

Kohlberg postconventional stage of moral development is when a person's sense of morality is based on abstract principles and values. It is the highest level of moral development where the individual has developed personal moral principles.

At this stage the individual looks beyond self and looks for ways to satisfy soceital needs as well.

7 0
3 years ago
Read 2 more answers
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