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2 years ago

do you think that free enterprise encourage entrepreneurship? does entrepreneurship promote economic change? explain

2 answers:

8 0

Yes, I think that free enterprise encourage entrepreneurship, because entrepreneurs want profit in what he/she is selling. In a free enterprise making profit is a pro not a con. Entrepreneurship promotes economic change, because entrepreneurs specialize in making small businesses make tons of profit.

lukranit [14]2 years ago

6 0

Free enterprise pretty much says that people can sell whatever they want at a price they choose to whoever wants to but it. Becacuse of this people wanted to go out and make their own businesses where they sold the goods or services they chose to. So yes, I believe free market inspired people to become euntrapenures. For the next question, yes as well. With the amount of people selling different things the economy became more diverse.

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After having problems with her Mitsubishi car, sandra salazar had santa Fe Mitsubishi install a used LO1 motor in it. when she p

ehidna [41]

Answer:

The statement is not an express warranty, because it doesn't involve a negotiation of terms between Salazar and Mitsubishi. It is an employee of the company that imploy Salazar to bring the car should the car gives problem, and didn't involve an agreement between the two parties ( Salazar and Mitsubishi)

Explanation:

What is express warranty?

An express warranty arises from the parties’ negotiations in a sales transaction. Express warranties are often included in the written terms of a contract. An “express” warranty by a seller is created by:

Any statement of fact or promise relating to the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the statement or promise.

Any description of the goods sold which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the description.

Any sample or model, which becomes part of the basis of the bargain between the parties, creating a warranty that the goods will conform to the sample or model.

An express warranty may be created even if the seller does not use formal words such as “warranty” or “guarantee,” and even if the seller does not have a specific intention to make a warranty. However, an express warranty is not created merely because the seller makes a statement as to the value of the goods, or as to seller’s opinion of the goods. Generally, statements made by a seller during the course of contract negotiations are treated as statements of fact, unless it can be shown that the buyer could only have reasonably considered the statement to be an opinion.

6 0

3 years ago

Plz plz plz help me with these two click the pic plz multi choice

makvit [3.9K]

Answer:

For the first multi choice, I think the answer is `whether or not there is enough competition to keep prices low and quality high'

For the second multi choice, I think the answer is `the market is failing to compensate those who are impacted by the sale of goods and services`

3 0

2 years ago

On August 1, 2021, Trico Technologies, an aeronautic electronics company, borrows $20.6 million cash to expand operations. The l

NNADVOKAT [17]

Answer:

Aug 1st,2021; Entry to record note issuance is as followed:

Dr Note Receivable $20,600,000

Cr Cash $20,600,000

(to record the issuance of note to Trico Technologies)

Dec 31st,2021; Entry to record interest income from note receivable:

Dr Interest revenue receivable $515,000

Cr Accrued Interest Income $515,000

(to record accrued interest income of 5 months; calculated as 20,600,000 x 6% x 5/12 = $515,000)

3. January 31st, 2022; Entry to record repayment of the note at maturity:

Dr Cash $21,218,000

Cr Interest Income $103,000

Cr Note Receivable $20,600,000

Cr Interest Income receivable $515,000

( to record the repayment of the principal and interest income, in which 5 months of interest income had already been recorded in 2021, the other 1 month of interest income $103,000 (20.6 million x 6%/12) is recorded at the end of January which is also maturity time.

Explanation:

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2 years ago

Which of the following is the correct order of market structure from most competitive to least?

ankoles [38]

Answer:

Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly

Explanation:

In perfect competition, many sellers are competing to sell an identical product. The market has very many small suppliers. No single supplier dominates the market, meaning no seller has the power to influence the price. The market has very many buyers as well. Suppliers have the freedom to enter or exit the market with ease.

Monopolist competition has very many sellers selling similar but differentiated products. Due to the differentiated aspect, sellers can set the prices for their products. The market has very many buyers.

An oligopoly is where a few big suppliers dominate the market. The oligopoly market may have other smaller suppliers whose market share is a small percentage. Oligopoly may stock or manufacture identical or differentiated products.

A monopoly is where a dominant supplier is selling a particular product without competition. Only one supplier is selling that type of product. An oligopoly can sell lifetime solutions through books.

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3 years ago

Other things equal, if the national incomes of the major trading partners of the United States were to rise, the U.S. Question 3

andrezito [222]

Answer:

D. Aggregate demand curve would shift to the right

3 0

3 years ago