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Mice21 [21]
3 years ago
8

Entrepreneurs drive innovation in a free-market system by introducing ________.

Business
1 answer:
Shalnov [3]3 years ago
7 0
Answer: Competition

Explanation:
The entrepreneur takes the risk to introduce new competing technologies that can provide a product or service at lower price. This creates competition, and the customer benefits from being offered lower prices and improved products.

Furthermore, price gauging and monopoly are minimized because competing and improved products drive out inferior products as well as inferior service.

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If the dollars held for transactions purposes are, on the average, spent four times a year for final goods and services, then th
Ede4ka [16]

Answer:

The answer is (B) which is the 25 percent of nominal GDP.

Now, the question may arise that what prompted us in choosing the option (b)

This consequentially will take us to the point where we define and discuss on how we calculate for nominal GDP

What is nominal GDP:

Nominal GDP which simply means a group or pattern of measurement of a country gross domestic product. It is usually being analysed at market current prices. Hence, nominal GDP includes all of the changes in market prices that happened during the current  or existing year due to inflation or deflation.

How do we calculate for nominal GDP:

It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.

It should also be noted that Nominal GDP is the market value of goods and services produced in an economy in its raw or un-adjusted  format for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output.

8 0
4 years ago
Gail Griffith, manager of the finance division, distributes relevant information every day to all her employees, enabling them t
cestrela7 [59]

The complete question should be:

Gail Griffith, manager of the finance division, distributes relevant information every day to all her employees, enabling them to make quality decisions. Gail is performing which of the following roles?

A.) Monitor Role.

B.) Disseminator Role.

C.) Spokesperson Role.

D.) Disturbance handler Role.

E.) Figurehead Role.

Answer: Disseminator Role.

Explanation:

Gail Griffith in performing in distributing relevant information to her employees about the job for the day is performing a dissemination role. The dissemination role is a role carried out by an individual, where the individual spreads useful to members of a team/organization to enable their efficient functioning.

8 0
3 years ago
"With a finance degree, you can apply for almost any position available to accounting majors."
nexus9112 [7]

Answer:

False because finance is totally different from management and financial accounting. Finance degree holder can not apply for every as the finance degree holder knows better about financial management not about management accounting or financial accouting. The major fields which a finance degree holder can apply for are accountancy firms, investment and high street banks, insurance firms, management consultancies, etc.

3 0
4 years ago
Erin works for a dry-cleaning company that has a contract with the U.S. government. To save on cleaning fluid, her boss orders h
Karo-lina-s [1.5K]

Answer:

A) is not protected by the whistleblower statute because she failed to inform the proper party of the contract violation.

Explanation:

A whistleblower is someone who exposes illegal or unethical activities carried on by public or private organizations including government entities, businesses, other non-profit organizations, etc.

Gossiping about what happens in an organization is not exposing their wrongful activities, in order for an individual to be considered a whistleblower, he/she must inform the illegal or unethical activities to the public authorities.

8 0
3 years ago
Which account is an example of a contra-expense account? A. purchases B. purchase returns C. sales D. sales returns
-Dominant- [34]

Answer:

b. purchase returns

5 0
4 years ago
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