Answer:
B) Bootstrapping
Explanation:
Usually established businesses self finance themselves by setting a retained earnings amount that can be used for financing new or existing projects instead of being distributed to its owners (or shareholders) and without having to borrow money.
Bootstrapping refers to setting a company and making it grow without using loaned money. This means that the business either grows with money that its owners put into it, or by setting aside retained earnings.
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
Answer: c. Over time, developing economies become richer, and developed economies become poorer, until they reach the same level of wealth.
Explanation:
The Solow model which is a neoclassical framework focuses on long term Economics and does indeed speak to the convergence of the Real GDPs of Developed Countries with that of Developing countries.
However, of all the options listed, Option C goes against the model because convergence cannot happen if the Developed Countries keep getting richer while Developing countries keep getting poorer. Should that happen, they will never get to the same level of wealth and indeed might end up on opposite sides of the wealth spectrum with Developed Countries being extremely wealthy and Developing countries being extremely poor.
For convergence to happen, the conditions in A, B and D are preferable as they can indeed bring about the said convergence.
Answer: True.
Explanation:
Personalized services are services that are flexible in delivery and can change with individual preferences.
Smaller businesses find it easier to render customised services to their customers, because their customers are fewer and they are eager to get more, which makes them to put in extra effort, in satisfying each customer.
Bigger businesses have a larger customers population and has a difficulty most times in totally satisfying their every needs.
