Answer: Option C
Explanation: Environmental circumstances refers to the threats and opportunities that arise from political and economical unstability. These are highly fluctuating factors and can affect the business highly.
In the given case, the business of Ben and Chris slowed down due to the economic breakdown in the country. These factors are inescapable and affect all the businesses in the economy.
Thus, from the above we can conclude that the correct option is C.
Answer:
a) $231,468.30
b) $209,259.56
c) 9.59%
Explanation:
a) to calculate FV, n=6,I=10, pv=0 and pmt=30000
b) to calculate effect of inflation On FV
N=6, I =6 (nominal interest less inflation), pv=0 and pmt=30000
c) [(231468.30-209259.56)/231468.30]x100
Answer:
A. It creates extreme divisions between the wealthy and the poor
Explanation:
The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.
The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any
