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pentagon [3]
4 years ago
7

What are some risks and how do you plan to reduce or eliminate them when having a business​

Business
1 answer:
lara [203]4 years ago
6 0

Explanation:

1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.

2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.

3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.

4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.

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Manuel borrowed a total of $4000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple i
hichkok12 [17]

Answer:

the principal amount at a rate of 4% is 2000

principal amount at a rate of 3.5% is 4000-2000 =2000

Explanation:

We have given total amount borrowed = $4000

Let x amount is borrowed at a rate of 4%

So $4000-x is borrowed at rate of 3.5%

Total interest = $150

We know that simple interest =\frac{principal\ amount\times rate\times time}{100}

So \frac{x\times 4\times 1}{100}+\frac{(4000-x)\times 3.5\times 1}{100}=150

4x+14000-3.5x=15000

0.5 x=1000

x = 2000

So the principal amount at a rate of 4% is 2000

And principal amount at a rate of 3.5% is 4000-2000 =2000

7 0
4 years ago
It costs garner company $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. a fore
Tema [17]
It would be an increase of $6.000 as <span>the effect in net income ($15 selling price less $13 variable cost (the original $12 plus the $1 shipping cost)) or $2 per scale. </span>

8 0
3 years ago
The production possibilities curve illustrates the basic principle that: Group of answer choices A) an economy will automaticall
ICE Princess25 [194]

Answer:

The correct answer is option C.

Explanation:

The production possibility curve shows the maximum possible bundle of two goods that can be produced using all the available resources and state of technology.

Since the resources are scarce, when we produce more of one good, we need to sacrifice more and more of the other good.

If all the resources in the economy are fully employed then it is not possible to increase the production of one good without decreasing the production of the other.

The economy can thus produce either on the production possibility curve or below it but not above it.

3 0
3 years ago
There are ____ members of the Federal Reserve Board of Governors. Which of the following contributes to making the Federal Reser
gregori [183]

Answer:B. It's role it's written into the US Constitution.

Government bonds, will buy

Explanation:

The writing of role in the construction will make it rather impossible to influence it's duties.

The sales and purchases of goverments bond it's used in influencing the money supply. When the money supply is to be reduce the federal reserves sale bond and when it's to be increase they purchase the

bond.

5 0
3 years ago
Which of the following items may be a good consideration in selecting a bank?
Orlov [11]

Answer:

Number of ATMs or bank branches near where you live, shop, work, or travel.

Explanation:

As much as possible, your bank should be near where you live, shop, or work. The proximity will be advantageous in various ways, including.

  1. It will reduce costs by eliminating transport expense in banking operations.
  2. Proximity will foster a better business relationship with the bank.  There are higher chances of meeting banking officials out of the work environment, which is likely to improve the relationship.
  3. Should there issues that need resolution in the bank, you will be able to resolve them more quickly.
  4. Formal communication between you and the bank will be enhanced.  Banks use hard copy documents for the majority of their official transactions. Being close to the bank will make communication faster.

7 0
3 years ago
Read 2 more answers
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