Answer:
The correct answer is entrepreneurs are born, not made.
Explanation:
Entrepreneurs, social psychologists and economic theorists have speculated on whether entrepreneurs are born or made, in other words, if you are predisposed to become an entrepreneur because of your genetic constitution, or if that provision comes from your environment, conditioning or other external factor.
For most entrepreneurs, it is comforting to think that business men and women are made, that even if they lack the "right" DNA, practice, experience and sufficient conditioning to be a success.
<span> The correct answer
follows; the cross price elasticity of demand for iceberg lettuce with respect
to romain lettuce is positive and the cross price elasticity of demand for
iceberg lettuce with respect to tomatoes is negative. Cross price elasticity is
being defined as a demand of which measures the quantity demand responsiveness
in regards of a good in which changes for another good. </span>
Answer:
I used to know this one, so I'm going off of memory and process of elimination.
I'd say it's your financial plan.
A financial plan assesses the ability of the customer to be able to pay back the loan, which is very important to the bank. It also assesses the assets of your business. It's basically showing the bank, how likely is it that we will get our money back from you?
Explanation:
An income statement is improbable because it applies to a company, and typically if you're getting a loan to start a business, you have no income yet.
The bank won't worry about your partnership agreement because that's not related to the fact that you are asking for money to fund your business, they just care that they'll get it back.
A guarantee of success doesn't make sense either because the bank is doesn't need to know if your business will succeed or not, they just want to make sure they get the money they asked for returned at the right date.
A contract with a customer must meet all of the following criteria:
Has approval and commitment of the parties.
Rights of the parties are identified.
Payment terms are identified.
The contract has commercial substance.
Collectability of consideration is probable.
