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ipn [44]
3 years ago
12

Why is the profit motive considered an incentive in a market system?

Business
1 answer:
dsp733 years ago
7 0
Inventive is to make more money because businesses can make more profit where money is expected.
Minimize costs and maximize revenues. .
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Which of the following is true of both paying with a check and paying with a debit card?
Vedmedyk [2.9K]
What are the options if you don't mind me asking?
4 0
3 years ago
Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. The Browns will reduce their mortgage pay
shtirl [24]

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

6 0
3 years ago
Roger purchased a stock for $16 a share. The stock paid a $1 annual dividend and increased in price by $2 a year for the followi
Gemiola [76]

Answer:

The answer is 11.2%

Explanation:

Cost of acquisition: $16 per share

Annual dividend: $1

The stock increases by $2 every year for 3 years. Therefore, we have:

First year is $16 per share

Second year is $18 per share

Third year is $20 per share.

The arithmetic average annual capital gain will be

($2/$16 + $2/$18 + $2/$20)/3

(0.125 + 0.111 + 0.1) / 3

0.336/3

0.112

Expressed as a percentage:

= 11.2%

8 0
3 years ago
The building code of River City requires that elevators in public buildings be inspected every nine months. Hal did not have the
Archy [21]

Answer: Public tort

Explanation: In simple words, public tort refers to the minor breach of contract by an individual. It is considered as a civil offense but still the acts under this act carries a criminal punishment.

In the given case, Hal did not make the elevator inspected in the seventh story for two years, however all other were inspected as per the rules. Thus, we can conclude that he breached the rule on a small level.

Hence from the above we can conclude that his offense would be classified as public tort.

3 0
3 years ago
Which of the following would be best considered to be an agency conflict problem in the behavior of the following financial​ man
fredd [130]

Answer:

A. Bill chooses to pursue a risky investment for the​ company's funds because his compensation will substantially rise if it succeeds. 

Explanation:

An agency conflict problem usually arises when the agent (managers) do not act in the best interest of his principals (e.g. shareholders) usually because of selfish interests of the agent (manager).

I hope my answer helps you

3 0
3 years ago
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