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Advocard [28]
3 years ago
7

Murphy has been working at the local bakery for 5 years. He has put in 10 hour days for most of that time, but cannot move

Social Studies
1 answer:
rodikova [14]3 years ago
7 0

Answer: Option (B). Profit motive

Explanation: The main reason Murphy and other entrepreneurs would decide to start their own business is for the sole aim of making profits. There are several reasons why entrepreneurs are willing to take a calculated risk and set up a business, is because owners keep the profit as a reward for risk-taking and enterprise.

Murphy and other entrepreneurs would likely start a business because of its income potential, When you start your own business, you have the opportunity to earn an unlimited income based on your own efforts and the success or failure of the business.

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Patty may win based on the doctrine of promissory estoppel.

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The doctrine of promissory estoppel is a legal principle that helps enforce a promise, even if it was made without formal consideration. This happens when the person that was promised something and makes a decsion based on this promise that ends badly because the promise was not upheld. In this case, Patty quit her job because she thought her uncle was going to pay her $200 per month. Because her uncle only paid her one out of the six months, she is without $1000 that she was counting on to focus on her studies.

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