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zalisa [80]
3 years ago
9

According to the textbook, the number one reason that people become entrepreneurs is to:A) realize financial rewardsB) gain pres

tigeC) be their own bossD) continue a family traditionE) pursue their own ideas
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

<em>(A) realize financial rewards.</em>

Explanation:

In <em>theory (textbook)</em> the no.1 reason that people become entrepreneurs is to achieve <em>maximum return</em>. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.

However, in <em>practicality</em> people adopt business to <em>pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards.  </em>

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What caused the unintended consequence of "there's no such thing as shovel-ready projects?"
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Answer:

A)  Any of these causes could be a reasonable answer.

Explanation:

When the government needs to spend money on service projects or products, there are many roadblocks in the way.

1. The US House has the "power of the purse," because All Bills for raising Revenue shall originate in the House of Representatives (U.S. Constitution, Art. I, sect. 7)

2. Most State Governments have to approve contracts and vet private industries to complete public works projects.

3. Like all business structures,all of the factors of production need to be in place before work can begin.

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4 years ago
In June, The Seascape Gallery sells an oil painting to Collegiate Systems, Inc. Collegiate promises to pay for the painting in t
sleet_krkn [62]

The correct answer is C. Time draft

Explanation:

In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.

3 0
3 years ago
In the past, work was organized into central buildings located in central locations (like cities) in order to facilitate face-to
Ghella [55]

Answer:

Telepresence unveil the likelihood that international firms can be accomplished far more expeditiously, with abundant fewer trade and administration travel, and through larger preciseness and hustle, than is presently the circumstance. At intervals a rustic, there would be abundant fewer would like for big integrated headquarters. Employment, that already defines the effort exists of ample Americans, develops an additional accurate possibility for workers.

4 0
3 years ago
Accounts receivable resulting from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, resp
lianna [129]

Answer:

$129,000

Explanation:

The indirect method fir calculating cash flows generally starts with net income and then adds or subtracts depending on the non-cash revenue or expense accounts. I.e. it starts at the end and comes back.

In this case, we are starting with net income and we need to add or subtract the changes in accounts receivable. Since accounts receivable decreased during the year it means that more money was collected increasing the cash flow.

Cash flow = net income + change in accounts receivable = $120,000 + ($40,000 - $31,000) = $120,000 + $9,000 = $129,000

8 0
3 years ago
What are the 3 levels of access that can be granted to Team users of QuickBooks Online Accountant
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Answer:

In QuickBooks Online Accountant, users with admin access and Firm Owners and have the authority to access of other users in the firm. The 3 levels of access that can be granted to Team users of QuickBooks Online Accountant are:

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3 0
3 years ago
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