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rodikova [14]
3 years ago
9

What does it mean to start a business out of the necessity

Business
1 answer:
gregori [183]3 years ago
3 0

Starting a business out of necessity reffers to making a decision based on specific criteria that has an affect on a certain number of people. In this situation, a person is making the decision they feel is best based on information collected and parts of an oganization that needs to be changed. It's imparative to do your research and decided what and why things need to change and the best way to acheive success in doing so.

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The trading principle formulated by adam smith maintained that:
erma4kov [3.2K]
The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.
6 0
3 years ago
A company's product is very complex, and there is value in having employees develop deep expertise in each aspect of the product
Drupady [299]

The organizational structure that would allow for deep, specialized knowledge to be fostered is a<u> functional structure. </u>

<h3>What is a functional organization structure?</h3>

This refers to a practice of many companies where people who have different expertise are put into different departments that complement their skills.

This ensures that the employees will develop deep expertise in their field because they will focus on it by being in a department that is based on their expertise.

Find out more on functional organizational structures at brainly.com/question/14700402.

4 0
2 years ago
Richard goes on a vacation to Orlando, Florida and stays in a hotel there. While at the hotel, he accidentally leaves his guitar
Serjik [45]

Answer:

mislaid property

Explanation:

Based on the information provided within the question it can be said that the guitar represents mislaid property. This term refers to something that was left in a specific place with the intention of retrieving it later but then forgotten. Which is exactly what happened with the guitar, as Richard left it in the hotel for safe keeping but forgot to take it when he left the hotel for good.

5 0
3 years ago
Celia is a college student who just took her first trip to Las Vegas. While there, she charged $2,000 on her new credit card. Wh
sveta [45]

Answer:

1)Celia actually did charge $3,000 on her credit card and admitted such to the credit card company, but argued she only had $2,500 in her  bank account to pay off the credit card.

Telling a bank or a credit card company that you do not have enough money top pay right now will not make them forgive the unpaid balance. They might offer you some type of agreement or schedule for you to pay for the remaining balance (in this case $500). A court will never rule in favor of a borrower just because they do not want to pay the whole balance and will not accept a payment schedule.

3) Celia and the credit card company agreed that Celia would pay $2,500 as full payment of the disputed debt, but Celia never paid the  $2,500.

When Celia and the credit card company reached an agreement to settle their dispute, that agreement is binding on both parties. Celia must pay the $2,500 and the credit card company will not charge any more money. But if Celia doesn't make the payment, she is not performing her part and the credit card company can sue her for it, and will probably win.

Explanation:

the options are missing:

  1. Celia actually did charge $3,000 on her credit card and admitted such to the credit card company, but argued she only had $2,500 in her  bank account to pay off the credit card.
  2. Celia actually did charge $3,000 on her credit card and admitted such to the credit card company. However, Celia had no money, so she  offered the credit card company her car in exchange for full payment of the debt and the credit card company accepted. Celia turned over  title to her car to the credit card company.
  3. Celia and the credit card company agreed that Celia would pay $2,500 as full payment of the disputed debt, but Celia never paid the  $2,500.
  4. Celia believed she did not charge anything on her credit card during her trip to Las Vegas. The credit card company claims she charged  $3,000 to the card while in Las Vegas.
5 0
3 years ago
Because testing of nuclear bombs was halted internationally in 1992, the Department of Energy has developed a laser system that
KATRIN_1 [288]

Answer:

The estimated development cost of the project will increase from the original cost of $3.1 billion 5 years ago to $3.7727 billion today.

Explanation:

Data and Calculations:

Original estimated development cost = $3.1 billion

Average rate  of interest = 2% per six months or 4% per year (2 * 2%)

Period of project = 5 years using 4% or 10 using 2%

Using a future value factor of 1.217 from a future value table at 4% per year for 5 years:

The expected cost today = $3.1 billion * 1.217 = $3.7727 billion

Using an online financial calculator:

Results:

FV = $3,778,882,701.98

Total Interest $678,882,701.98

N (# of periods)  10

I/Y (Interest per year)  4

PV (Present Value)  $3,100,000,000

PMT (Periodic Payment)  0

Settings

P/Y (# of periods per year)  2

C/Y (# of times interest compound per year)  2

5 0
3 years ago
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