Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her business and the average profits it generates. From this scenario, Donna's business can be considered an entrepreneurial venture - False.
<u>Explanation:</u>
A person starting a new business with limited amount of resources and plans is called an Entrepreneur. He is the person who takes responsibilities for the risk and rewards that are associated with that business. The idea of the business must be unique and it should focus only on newer products.
A small business and an entrepreneurial ventures differs from each other although they have similar roles. A small business generally deals with a familiar and an product and services that are already established. The persons of small business usually have risks that are already known. In an entrepreneurial venture, only new products and unknown risks are present.
The three types of patents available under U.S. law are design, plant and utility.
<h3>What is patent?</h3>
A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.
It is the right from the federal government to produce and sell something for a certain number of years without anyone copying it.
Thus, option D is true as three types of patents available under U.S. law are design, plant and utility.
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Nobles thoughts referred to is B. Expectancy theory. The expectancy theory refers to someone knowing how someone else will react based on motivators. If there is a specific motivator that an employer knows an employee refers to with positive behaviors, there is a good chance the employeer will be able to guesstimate what the end result of the situation would be. In this case, Howie needs to spend more time learning what his employees like and dislike to figure out a way to keep them motivated long term.
Private owners' primary aim in capitalism is money creation.
A system of economics referred to as "capitalism" is one that promotes private ownership of the tools of creation, distribution, and exchange in order to generate profit. In this system, the market decides the production and pricing of the goods and services, hence supply and demand dynamics are very important.
An economic system known as capitalism is one in which private individuals own and manage the trade and industries of the economy in order to profit.
What is Capitalism:
Capitalism, which includes both the working class and the capitalist class, supports class differentiation, there is a significant gap between the rich and the poor. On the other hand, communism is opposed to class inequalities in society since it supports a society in which there is no distinction among the rich and the poor.
In a capitalist society, everyone is responsible for generating their own wealth. Contrarily, in communism, wealth is dispersed in accordance with needs and capacity. While there is intense competition between businesses in capitalism, this is not the case in communism, because the government controls the market. While capitalism exists in western nations, socialism is more prevalent in eastern nations.
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Answer:
$950 in order to maximize the revenue.
Explanation:
The computation of monthly rent in order to maximize revenue is shown below:-
R (x) = Rent price per unit × Number of units rented
= ($900 + $10 x) × (100 - x)
= $90,000 - 900 x + 1000 x - 10 x^2
R (x) = -10 x^2 + 100 x + $90,000
Here to maximize R (x), we will find derivative and equal it to zero
R1 (x) = -20 x + 100 = 0
20 x = 100
x = 5
Therefore the monthly rent is p(5) = $900 + 10(5)
= $900 + 50
= $950 in order to maximize the revenue.
