Answer: the loss of potential gain from other alternatives when one alternative is chosen
Explanation:
<span>The Exit stage is when the entrepreneur gets out of the day-to- day commitment of running the company.</span>
Answer:
C.Accounting Identity is: Assets equivalentLiabilities + Owners' Equity.
Explanation:
In accounting identity all variables must balance, if they do not balance according to the equation then there must be an error in formulation, measurement or calculation.
The basic assumption in accounting identity is that the balance sheet must balance. That is assets must be equal to a sum of liabilities and owner's equity.
Asset= Liabilities+ Owners Equity.
This relationship is based on the convention of double entry, for every debit there is an equal credit.
Answer:
A joint venture
Explanation:
A joint venture is a type of business arrangement where two or more parties agree to bring together their resources for the achievement of a common goal. It is a strategic partnership which is formed on shared objectives.
Because these two firms have agreed to combine their research and development capabilities to make a special, limited edition computer game, they have agreed to form a joint venture.
Answer:
1. 0.06
2. 0.38
3. 0.52
4. 0.06
Explanation:
1) Both decline = P1(D) × P2(D)
= 0.2 × 0.3
= 0.06
(stock 1 declines and stock 2 declines)
2) Exactly one rises:
= P1(R) × [P2(U) + P2(D)] + P2(R) × [P1(U) + P1(D)]
= 0.2 × [0.4+ 0.3] + 0.3 × [0.6 + 0.2]
= 0.14 + 0.24
= 0.38
(stock 1 rises and {stock 2 declines or remains unchanged})
or (stock 2 rises and {stock 1 declines or remains unchanged})
3) Exactly one unchanged:
= P1(U) × [P2(R) + P2(D)] + P2(U) × [P1(R) + P1(D)]
= 0.6 × [0.3 + 0.3] + 0.4 × [0.2 + 0.2]
= 0.36 + 0.16
= 0.52
4) Both rise = P1(R) × P2(R)
= 0.2 × 0.3
= 0.06
