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3 years ago

5

Michael Jordan, retired NBA superstar, used his successes as an athlete to become a billionaire. What gains are entrepreneurs lo

oking to make with each venture? A) Charitable Donations B) Increased Cash Flow C) Trial and Error D) None of these

1 answer:

Ivan3 years ago

7 0

It should be Option B since entrepreneurs main aim is usually profit making.

You might be interested in

Which is not a secondary consideration when locating a retail store

Maslowich

The answer is "access to good schools".

A retail store is a position of business normally claimed and worked by a retailer yet now and again possessed and worked by a producer or by somebody other than a retailer in which stock is sold fundamentally to ultimate customers. Good schools are something which cannot have secondary consideration.

5 0

3 years ago

What is the range for the relative price of cloth such that the economy produces both cloth and food? From _______ to _______ .

dezoksy [38]

The answer is explained in detail below

Explanation:

$a_{KC} = 2$

$a_{LC} = 2$

$a_{KF} = 3$

$a_{LF} = 1$

Labor, L = 2000; Capital, K = 3000

Labour constraint,

$2Q_{c} + Q_{F} \leq 2000$

Capital constraint ,

$2Q_{c} + 3Q_{F} \leq 3000$

Solving the equation further, we get

$Q_{F} \leq 2000 - 2Q_{C}$

$Q_{F} \leq 1000 - \frac{2}{3} Q_{C}$

The range for the relative price of cloth such that the economy produces both cloth and food is 2/3 and 2

Low cloth production → economy will use relatively more labor to produce cloth → opportunity cost of cloth is 2/3rd units of food.
High cloth production → economy dips on labor → taking capital away from food production → raising opportunity cost of cloth to 2 units of food.

If relative price of cloth lies between 2/3 and 2 units of food, the economy produces both goods.
If the price of cloth decreases below 2/3 → complete specialization in food production → low compensation for producing cloth
If the price of cloth rises above 2 → complete specialization in cloth production → low compensation for producing food

4 0

3 years ago

What is a "highly unreasonable omission or misrepresentation involving an extreme departure from the standards of ordinary care

Vesna [10]

It is RECKLESS CONDUCT. Reckless conduct refers to a practitioner's careless act which deviates significantly from the standard of care a reasonable individual would exhibit under a similar situation. Reckless conduct is a culpable offence and is punishable under the law.

8 0

3 years ago

Neha is writing a report comparing the profits of three fashion design houses What type of organizational method should she use?

Marta_Voda [28]

Answer:

b) Component

Explanation:

Since in the question it is mentioned that the neha has written a report in which the profits of three fashion design houses could be compared

So in this situation, the component organizational method could help for knowing the strategic and the operational information so that it would be easy for comparing the profits between these three fashion houses

Therefore the option b is correct

3 0

3 years ago

The new product development process has seven stages going from new product strategy development to commercialization. At which

sleet_krkn [62]

Answer:

Screening and evaluation

Explanation:

The seven steps in the new product development process are:

New-product strategy development
Idea Generation
Screening and evaluation : at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
Business analysis
Technical Development
Market Testing
Commercialization

8 0

3 years ago