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GrogVix [38]
3 years ago
6

What are five basic principles found in a free enterprise system?

Business
1 answer:
Pie3 years ago
7 0
The five basic principles found in a free enterprise system:
1. Freedom to choose our type of business
2. Profit Motive
3. Competition
4. Right to private property
5. Consumer Sovereignty 

This is how the world of free enterprise system operate.
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Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthl
Phantasy [73]

Answer:

C) Record monthly expenses

Explanation:

4 0
2 years ago
A lender determines that a homebuyer can afford to borrow $220,000 on a mortgage loan. The lender requires an 85% loan-to-value
Dmitry [639]

Answer:

D: $259,000

Explanation:

The computation of the paying amount which borrower can pay for a property is shown below:

= Mortgage loan amount for borrow ÷  loan-to-value ratio

= $220,000 ÷ 85%

= $258,823.53

= $259,000 round off

We simply divide the mortgage loan by the loan to value ratio so that paying amount could arrive which borrower can pay for a property.

7 0
3 years ago
What is the primary difference between a static budget and a flexible budget? the static budget contains only fixed costs, while
mrs_skeptik [129]
<span>What is the primary difference between a static budget and a flexible budget? The static budget contains only fixed costs, while the flexible budget contains only variable costs. Flexible budgeting allows for variables to change the budget and allotted costs for the budget. When you have a flexible budget you are understanding of things that could "come up" and have extra </span>money open to use there. In a static budget, you are strict on where your money is spent and you have a budget just for those costs. 
3 0
2 years ago
With capital rationing, alternative proposals are initially screened by establishing minimum standards and applying which of the
il63 [147K]

Answer: OPTION C

Explanation The answer to this question is cash payback and average rate of return method.

Capital rationing is the method used by companies to effectively allocate the limited funds a company has on alternative funds.

Under payback period method the company evaluates how much time will it take a project to recover its initial cost and as per average rate of return method the company evaluates the return generated from the net income, it does not take into consideration the time value of money.

6 0
3 years ago
PLZ HELP. Classify the customer buying motive as rational or emotional.
Lina20 [59]

Answer:

rational

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Buying motive refers to the considerations, urge, emotions or influences that creates the impulse in consumers (customers) to buy a particular good, so as to satisfy their desire or needs.

This ultimately implies that, behind every purchase made by a consumer, there's a consideration, urge or feeling to satisfy that desire or needs l, this is generally referred to as buying motive.

In Economics, buying motives are classified into five (5) main categories and these include;

I. Acquired and Inherent buying motives.

II. Conscious and Dormant buying motives.

III. Physical, Psychological and Sociological buying motives.

IV. Primary and Selective buying motives.

V. Rational and Emotional buying motives.

A rational buying motive is typically based on the consumer's logical and economical consideration of a product in terms of price, durability, need, quality, etc. Thus, it involves a careful consideration of a product rather than feelings as in emotional buying motive.

In this scenario, Mark buys a particular brand of frozen food because it is economical for him. Thus, the buying motive would be classified as rational.

6 0
2 years ago
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