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3 years ago

What is the role of the entrepreneur in the modern economy?

Business

1 answer:

11111nata11111 [884]3 years ago

5 0

Answer:

B. To create jobs

Explanation:

In order to operate their business entrepreneurs need to hire a group of people with different skill set, leading to the creation of jobs.

- To preserve natural resources

This option is wrong because the Government take the majority of the role in natural resources preservation. They do this by creating laws and regulation to prevent the exploitation of these natural resources.

- To take big risks

This option is wrong because You don't have to be an entrepreneur to take a big risk. A boxer who decided to fist fights with other boxer take a big risk of having a brain damage.

- To generate wealth

This option is wrong because Generating wealth can be done by any other career beside entrepreneur. You can get rich by being an artist, an athlete, a Doctor, etc.

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Which is an example of a cultural block

nydimaria [60]

Cultural blocks are a hard aspect to protect against, when they occur, but can be avoided. Simply, like all other block, ask a series of questions to aid in the simple understanding of how other people will see the design, or whatever. Never think that what you think is always the only necessary vetting device.

Have an awesome day and plz mark brainliest!

3 0

3 years ago

If a gain of $7,000 results from selling (for cash) office equipment having a book value of $55,000, the amount reported in the

Marina CMI [18]

Answer:

The amount reported in the Cash flows from operating activities is - $7,000.

Explanation:

Cash flow from Operating Activities under indirect method reconciles the Operating Profit to the Operating cash flows by making adjustments on Operating Profit for non-cash items previously added or deducted from it as well as changes in working capital.

The gain was previously added to reach Operating Profit there, this is deducted to arrive at Operating Cash flow figure since the gain on sale is a non-cash item.

The amount reported in the Cash flows from operating activities is - $7,000.

6 0

3 years ago

et sales $ 1,825,000 Expenses: Cost of goods sold $ 1,060,000 Operating expenses 570,000 Depreciation expense 51,000 Income tax

Ugo [173]

Answer:

PEACH COMPUTER

Statement of Cash Flows for the year ended December 31, 2021

(Operating Activities only)

Net income $ 103,000

Depreciation expense 51,000

Changes in working capital:

Accounts receivable 4,400

Inventory -20,500

Prepaid rent 2,100

Accounts payable 8,500

Income tax payable -5,400

Net cash flows from

operating activities $143,100

Explanation:

a) Data and Calculations:

Sales revenue $1,825,000

Expenses: Cost of goods sold $ 1,060,000

Operating expenses 570,000

Depreciation expense 51,000

Income tax expense 41,000

Total expenses 1,722,000

Net income $ 103,000

PEACH COMPUTER

Selected Balance Sheet Data

December 31 2021 2020

2021 2020 Increase (I) or Decrease (D)

Cash $ 103,000 $ 85,500 $ 17,500 (I)

Accounts receivable 45,100 49,500 4,400 (D)

Inventory 76,000 55,500 20,500 (I)

Prepaid rent 3,100 5,200 2,100 (D)

Accounts payable 46,000 37,500 8,500 (I)

Income tax payable 5,100 10,500 5,400 (D)

3 0

3 years ago

Gains from trade

Sergeeva-Olga [200]

Answer:

Contente's opportunity cost of producing 1 bushel of rye is 0.5 of jeans, and Dolorium's opportunity cost of producing 1 bushel of rye is 0.25 of jeans. Therefore, DOLORIUM has a comparative advantage in the production of rye, and CONTENTE has a comparative advantage in the production of jeans.

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces rye will produce 64 million bushels per month, and the country that produces jeans will produce 24 million pairs per month.

Suppose the country that produces rye trades 54 million bushels of rye to the other country in exchange for 18 million pairs of jeans.

Dolorium:

Export 54 million bushels of rye

Consume 10 million bushels of rye

Import 18 million pairs of jeans

Contente:

Export 18 million pairs of jeans

Consume 6 million pairs of jeans

Import 54 million bushels of rye

Before specialization, the total production of rye = 36 + 16 = 52 million bushels, and the total production of jeans = 6 + 12 = 18 million pairs.

Because of specialization, the total production of rye has increased by 12 million bushels per month, and the total production of jeans has increased by 6 million pairs per month.

Calculate the gains from trade—that is, the amount by which each country has increased its consumption of each good relative to the first row of the table.

Contente:

Before specialization and trade, produced and consumed 6 million pairs of jeans and 36 million bushels of rye.

After specialization and trade, consumed 54 million bushels of rye and 6 million pairs of jeans.

Gain from trade is 18 million bushels of rye.

Dolorium:

Before specialization and trade, produced and consumed 12 million pairs of jeans and 16 million bushels of rye.

After specialization and trade, consumed 10 million bushels of rye and 18 million pairs of jeans.

Gain from trade is -2 million bushels of rye and 6 million pairs of jeans.

Explanation:

There is a mistake in the question, since Contente's production of jeans must be 6 per hour and its production of rye should be 12 bushels per hour. That is the only way that it can produce 6 million pairs of jeans and 36 million bushels of rye. Something similar happens with Dolorium, it must be able to produce 16 bushels of rye per hour and 4 pairs of jeans per hour in order to produce 12 million pairs of jeans and 16 million bushels of rye.

Country Rye Jeans

Contente 12 6

Dolorium 16 4

Contente's opportunity cost of producing rye = 6 / 12 = 0.5 pairs of jeans.

Dolorium's opportunity cost of producing rye = 4 / 16 = 0.25 pairs of jeans.

Dolorium's production of rye = 16 bushels x 4,000,000 labor hours = 64,000,000 bushels of rye.

Contente's production of jeans = 6 pairs x 4,000,000 labor hours = 24,000,000 pairs of jeans

8 0

4 years ago

According to Mendenhall and Oddou, which of the following dimensions that predicts success in a foreign posting strengthens an e

Ne4ueva [31]

According to Mendenhall and Oddou self-orientation predicts success in a foreign posting strengthens an expatriate's self-esteem, self-confidence, and mental well-being.

Option: D

Explanation:

Mendenhall and Oddou belief that self-orientation is beneficial to have assumption regarding success in foreign posting capacities by showcasing sufficient amount of self-confidence and mental stability.

Self-orientation allow the representative to arrange the strategy or upcoming conversation in mind according to on going scenario, this is only possible when one is having a stable self-oriented brain rather then doubtful, full of questions, nervous mode or any unimpressive act.

Here, they have correlated self-orientation with positive side of business inspite of being only self concern and not considering other factors.

6 0

3 years ago