Answer:
The correct answer is option C.
Explanation:
A secondary market is a market where investors buy and sell securities that they already own. Though the most commonly traded security in the secondary market is stock, other types of assets are traded as well.
Stocks are initially issued in the primary market as initial public offering or IPO. The existing stocks are then bought and sold in the secondary market. So not all stock transactions are secondary market transactions, only the existing are.
Answer:
B) started many small firms that later became major corporations employing thousands of workers.
Explanation:
Entrepreneurship is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are four characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-Confident: he or she is bold and believes in his or her abilities to excel.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
Historically, entrepreneurs in the United States of America have started many small firms that later became major corporations with branches across the world and employing thousands of workers to carry out its daily services.
Answer:
The total productivity measures for this company for both years are:
LAST YEAR THIS YEAR
Total productivity 1.66 1.42
Explanation:
a) Data and Calculations:
LAST YEAR THIS YEAR
Output: Sales $ 200,200 $ 202,000
Input: Labor 30,005 40,005
Raw materials 34,500 44,500
Energy 5,000 6,100
Capital 48,990 48,990
Other 2,000 3,000
Total input 120,495 142,595
Total productivity = Output/Input
= $ 200,200/120,495 $ 202,000/142,595
= 1.66 1.42
Answer:
$20 million
Explanation:
Data provided in the question:
Book value of assets in 2005 = $1,200 million
Fair value of assets in 2005 = $955 million
Book value of assets in 2006 = $720 million
Fair value of assets in 2006 = $700 million
Now,
Impairment Loss = Fair value - Carrying value of Net assets
or
Impairment Loss
= Fair value of assets in 2006 - book value of assets in 2006
= $700 million - $720 million
= - $20 million [ Here, the negative sign means a loss]
Hence,
Impairment loss of $20 million
