Since Gretchen does most of her work at home and seldom go to office, Gretchen have become independent contractors.
<h3>Who is an independent contractor?</h3>
An independent contractor serves as a self-employed person, who is a consultant that provides services to other organization.
Therefore, under Common law principles, independent contractor can be regarded as a status involving method of payment.
Learn more about independent contractor at;
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Answer:
This statement is False
Explanation:
One of the characteristics of the modern day service industry is Division of Labor. Thus, Elise would not leave almost all aspects of human resources functions to specialists. This is the decision of a human resources manager and not Elise who is the finance manager. The jurisdiction of her duty and reporting line does not allow such to happen.
Answer:
Option A:
Each buyer and seller is small, relative to the whole market; no single decision maker has any influence over the market price.
Explanation:
A competitive market is a market that is characterized by free entry and exit. This means that any party has a right to enter the industry, do business, and leave it freely. In other words, no party or business holds enough stake to become a gatekeeper in that industry.
Furthermore, prices are determined by the forces of demand and supply, and cannot be arbitrarily set by any business.
No single decision maker has any influence over the market price.
This makes option A correct.
Answer:
We can say the rate is close enought to 14%
Explanation:
tthe IRR will be the rate at wich the NPV is zero
The cash flow are an annuity of 4,120 for 6 years
NPV = present value of cash flow - investment
0 = PV of annuity - investment
0 = PV of annuity - 16,000
PV = 16,000
C 4120
time 6
rate IRR
We divide the PV by the annuity to get the annuity factor
16,000 / 4,120 = 3,88349
We can look into the annuity table for a factor at time = 6 close to this figure
we have
14% factor of 3.889
15% factor of 3.784
We can say the rate is close enought to 14%
