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lord [1]
3 years ago
7

What is the role of the entrepreneur in the modern economy? ​

Business
1 answer:
DIA [1.3K]3 years ago
7 0

Answer:

Entrepreneurs occupy a central position in a market economy. For it's the entrepreneurs who serve as the spark plug in the economy's engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct.

Explanation:

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Which of the following statements is true of direct ownership? It allows transfer of power and management to firms in host count
LUCKY_DIMON [66]

Answer:

Direct ownership provides a firm with equity ownership rights and management control rights.

Explanation:

Direct Ownership refers to the ownership of an equity interest in an enterprise; such equity interest includes : the right to take part in the voting rights in that enterprise; the right to receive unburdened economic interest (such as dividends) entitled to the shareholders of that enterprise; and Broad-based BEE schemes, employee share option schemes (ESOPs) and other employee share schemes, where the beneficiaries have the the capacity to elect and remove trustees  and also have the absolute right to receive economic benefits  .

Thus, Direct ownership provides a firm with equity ownership rights and management control rights.

4 0
3 years ago
Explain consumptions of the principal of absolute advantage​
DENIUS [597]

Answer:

The Absolute Advantage Theory assumed that only bilateral trade could take place between nations and only in two commodities that are to be exchanged.

Explanation:

In economics, the principle of absolute advantage refers to the ability of a party (an individual, a firm, or a country) to produce more of a good or service than competitors while using the same amount of resources.

6 0
3 years ago
Q1. Big Money Monster is a business school. The school bases its budgets on two measures of activity: number of students and num
maxonik [38]

Answer:

Big Money Monster

The spending variance for course supplies is:

$50 Unfavorable.

Explanation:

a) Data and Calculations:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20

Course supplies                $1,000             $10                  $50

Administrative expenses $2,000            $20                  $30

Budgeted number of students = 300

Budgeted number of courses = 15

Actual number of students = 280

Actual number of courses = 18

Actual Faculty wages = $4,200

Actual Course supplies = $4,800

Budgeted Costs:

                                       Fixed cost   Variable cost   Variable cost    Total

                                       per month    per student     per course

Faculty wages                   $4,000             $0                   $20          $4,300

Course supplies                $1,000             $10                  $50            4,750

Administrative expenses $2,000            $20                  $30            8,450

Budgeted costs:

Faculty wages = $4,000 + $0 + $20 * 15 = $4,300

Course supplies = $1,000 + $10 * 300 + $50 * 15 = $4,750

Administrative expenses = $2,000 + $20 * 300 + $30 * 15 = $8,450

Budgeted Cost of Course Supplies = $4,750

Actual Cost of Course Supplies =         4,800

Spending variance for Course Supplies = 50 Unfavorable

4 0
3 years ago
What percent of the bill should you offer as tip to a salon stylist?
skad [1K]

Answer:

c or d

Explanation:

6 0
3 years ago
Read 2 more answers
Why do marshmallows taste so good!
aliina [53]
Because they are made out of pig feet
5 0
3 years ago
Read 2 more answers
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