Answer:
B. Public recognition
Explanation:
Legitimacy, in its primary sense, means acceptance.
People-based legitimacy revolves consensual acceptance of a particular individual by some group of people. This people-based legitimacy can be relayed to an individual through public recognition. Before anyone can enjoy people-based legitimacy, they must have done something worthwhile.
In the case of the owner of Elixir Force Inc receiving an award for most outstanding new entrepreneur of the year, it is clear that he is enjoying public recognition in context of people-based legitimacy.
Answer:
The answer is option B) According to the Lewis two-sector model the creation of a Modern (urban) Sector will:
Create a flow of labor from the traditional sector into the modern sector.
Explanation:
The two sector model propounded by W. Arthur Lewis is a theory of development that identifies two sectors: the traditional and modern sector.
According to this theory, the creation of a modern sector will generate a flow of excess labor from the traditional sector to the urban sector where there is more demand for labor.
Over time, this migration will create more jobs, stimulate industrialization and a framework for sustainable development.
Real Interest rate is the nominal interest rate adjusted for Inflation. It can be calculated using the following formula:
RR = (NR- IR)/(1+IR)
Where RR is real rate, NR is nominal rate and IR is inflation rate. In this problem, Nominal Rate NR = 11% and Inflation Rate IR is 4%. Therefore, Real rate would be:
RR = (0.11 -0.04)/(1+0.04)
RR = 6.73%
Therefore, real rate of return would be 6.73%.
Answer and explanation:
In Joan's case, a general partnership will provide her control over her business that will be shared with the older gentleman who owns a jewelry store. Profits would be distributed evenly regardless of the contribution of each partner in the business. However, the older gentleman has offered Joan the chance of purchasing his share later on which would provide her the total control of the business and the patent of her creation.
The other option Joan has available is purchasing a franchise. This will allow Joan to avoid the initial costs of introducing her products to the market and the risks of not having enough consumers since her brand name is new. Though she will lose access to the patent of her creation and periodically Joan will need to pay NewJewelry a fee for using its name.
Therefore, <em>as Joan prefers to have control over her designs, it would be more convenient for her to choose the general partnership.</em>
