The three primary aspects
of a free market could include private ownership of everything for sale,
free-floating forces of supply and demand, and a man secretly in charge of
everything. <span>A free market economy is a type of economic system whereby supply and demand,
with a minimum of involvement on the part of a government drive the forward
movement of the economy.</span>
Answer: C - Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm.
Explanation: Since the benefit of owning the dog is worth $200 to Abe and Jenny is willing to pay him $300 to send the dog to his parents who lives on an isolated farm. Abe stand to gain an extra $100 above his initial benefit of keeping the dog for $200.
Answer:
No.
Explanation:
The contract is no longer valid because of changes in the condition of offer. By the operation of law, the occurrence of certain events will automatically terminate an agency relationship. Since Mark expressly stated that the reason he was selling the estate was because he has lost so much money, any significant cash inflow to Mark apart from the sale of the estate will ultimately affect his decision to sell. As such, the lottery he won is a cash flow and since a vital condition for selling the estate has been breached. The contract is to be declared invalid.
<u>Specialization</u> is added at every step of the supply chain which could the reason for the existence of a supply chain.
<h3>What is meant by supply chain?</h3>
A supply chain is a linkage between the company and its vendors for product distribution in the market for sale.
The supply chain involves many entities like production firms, vendors, distribution companies, transportation companies, etc. Every step of the supply chain needs specialized expertise for performing the operations like the production firm needs raw materials to convert the goods into saleable ones.
Therefore, the existence of a supply chain would be due to specialization which requires in every step of it.
Learn more about the supply chain in the related link:
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<u>Answer:</u>
1. venture capital : F. a pooled investment vehicle that primarily invests the capital of third-party investors in enterprises that are too risky for the standard capital markets
2. Venture capital fund
:J. Money used to support new or unusual undertakings.
3. venture capitalist
: E. one who provides capital, usually in cash- in exchange for shares in a company- for high-risk investments.
4. startup company :B. a business with a limited operating history
5. projected income statement
: I. May also refer to an annual projection of income and expenses for a company
6. reserve capital
:H. refers to the means by which cash will be acquired to cover future expenses
7. financial plan
:D. one way to figure out the cost of starting a business
8. financial forecast :A. Money put aside for unexpected expenses or events
9. finance plan
: C. A type of budget for spending and saying future income
10. interviews: G. An estimate of one's income
