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drek231 [11]
3 years ago
14

which of the following statements about entrepreneurs is false? A. Entrepreneurs try to solve problems by using new products B.

Entrepreneurs are not willing to take a risk C. Both A or B D. neither A nor B​
Business
2 answers:
dem82 [27]3 years ago
6 0

B. Entrepreneurs are not willing to take a risk

This is False because entrepreneurship inherently involves taking risks.

viva [34]3 years ago
3 0

Answer:

The correct answer is B

Explanation:

Any new business requires a risk for the entrepreneur because it is tied to uncertainty.

New business ideas are usually innovative and attractive to the public.  Success will depend on how the market reacts.

The entrepreneur when taking the risk uses objective measures of the probability of success and if he succeeds the final result is profitability.

Have a nice day!

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Suppose that when the price of gasoline is $3 per gallon, the total amount of gasoline purchased in the United States is 8 milli
miss Akunina [59]

Answer:

Option (C) is correct.

Explanation:

Elasticity of demand refers to the responsiveness of change in quantity demanded with any change in the price level.

Elasticity of demand:

= (change in quantity ÷ old quantity) ÷ (change in price ÷ old price)

=[(12 - 8) ÷ 8] ÷ [($3 - $2.25) ÷ $3]

= 0.5 ÷ 0.25

= 2

Therefore, the price elasticity of demand is 2.

4 0
3 years ago
Since Anytime Pizza is open 24 hours a day, its pizza oven is constantly on and is, therefore, always using natural gas. However
netineya [11]

Answer: Mixed cost

Explanation:

The cost of the natural gas is a mixed cost. A mixed cost is the cost that combines two types of costs (fixed costs and variable costs). A mixed cost is made up of a fixed cost that doesn’t change when production volume changes and also the variable cost that changes when production volume changes.

Mixed costs are also known as semi variable cost. The natural gas is used constantly with the expense incurred on it continuous, therefore it's a fixed cost. Also, when there is no pizza, the usage of natural gas decreases so it's a variable cost. Since it has attribute of fixed and variable cost, it's a mixed cost.

6 0
3 years ago
Read 2 more answers
Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar
CaHeK987 [17]

Answer:

$504,000

Explanation:

Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shares of Vicker.

The consolidated Additional Paid-In Capital and Retained Earnings (January 1, 2018 balances) as a result of this acquisition transaction will be:

Journal entries

Dr. Cash (12000 shares x $47)..................................$564,000

Cr. Common Stock (12,000 shares x $5).................................$60,000

Cr. Additional Paid-In Capital [(12,000 shares x ($47-$5)].$504,000

Being issue of common of $5 per share at the price of $47 per share

8 0
2 years ago
LO 1.4How can having a bonus system based purely on sales goals create an environment that encourages unethical behavior?
ValentinkaMS [17]

Answer:

Sometimes sales representatives could be able to tell lies, steal customers from other coworkers, get customers in an inappropriate way.

Explanation:

There will always be the possibility of a behavior aimed at financial obsession by the sales representatives involved in the bonus process.

It is important to consider how excessive greed could have a fundamental role to play improperly against the rest of the team of the sales force; Therefore, it is an incentive that while on the one hand, it could be very beneficial for the company by offering the possibility of a significant increase in the company's sales.

On the other hand, it is necessary to consider the possible problems of deception and greed that could be presented among the fellow sales representatives. In my opinion, this should be an activity that needs to be monitored very closely in order to be highly beneficial for the group in general.

3 0
3 years ago
EA10.
antoniya [11.8K]

Answer:

The question is incomplete; the complete question is given below.

                        Selling Price per unit Variable  cost per unit

Product                                     $                                  $

Snowboards                           20.00                       170.00

Skis                                  400.00                          225.00

Poles                                      50.00                 20.00

Salvador's contribution margin is  46.2%

Explanation:

Contribution is the amount generated from the sales of a product to cover part of the total fixed cost.

Contribution is an important concept in decision making because it helps to determine the profitability of individual products where a set of products benefit from the same fixed cost. <em>it </em><em>helps in prioritizing the allocation of resources to different products based on their profitability</em> .

Contribution per unit = Selling price per unit- variable cost per unit

Total contribution= Contribution per unit * units sold

Contribution margin ration: The proportion of sales realised as contribution is known as contribution margin ratio (CMR) . It represents the amount generated as contribution from every one dollar worth of sales.  A 60% margin means that $60 is made as contribution from evry sales of $100, for example.

It is a calculated as follows:

Single-product scenario:

C.M.R= contribution per unit/ selling price per unit

Multiple-products scenario:

C.M.R= contribution from a mix / revenue from a mix

We shall use the multiple-products formula

                                         Snowboard                 ski             Poles     Total

                                                   $                             $                $

Selling price                              320                     400                50

variable cost                        <u>    (170)                      (225)              (20)</u>

Contribution per unit (SP-VC)   <u>150                           175                30</u>

Cont from a mix (cont× unit)   1050                       525                 60

Revenue from a mix (SP× unit) 2240                    1200               100

Contribution margin ratio= Cont. from a mix/ Rev from a mix

                                           = (1050+525+60)/(2240+1200+100)

                                           =(1635 /  3540) × 100

                                            = 46.2 %

8 0
2 years ago
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