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IgorC [24]
3 years ago
11

Rick has met with the Small Business Administration, which analyzed his entrepreneurial skills and provided him with a summary o

f the results. Out of these findings of the SBA, what might challenge Rick in his quest to become a successful entrepreneur? a) Rick is conscientious and emotionally stable. b) Rick has some tolerance for ambiguity because he knows he is trying to do things that haven't been done before. c) Rick has an external locus of control. d) Rick is comfortable with a moderate level of risk, and he has the confidence to act decisively. e) Rick has a high nec Rick has a high need for autonomy and wants to shape his own destiny
Business
1 answer:
Mrrafil [7]3 years ago
5 0

Answer:

c) Rick has an external locus of control.

Explanation:

What can challenge Rick in his quest to become a successful entrepreneur is that he has an external locus of control, which occurs when an individual relates events related to their failures or successes to external variables that are not their responsibility, such as fate, luck or bad luck.

The external locus of control can pose a challenge for Rick in the sense that an entrepreneur's success is related to his own personal control and personal efforts to make the business viable and successful in the market. It is necessary for the entrepreneur to understand that there are risks inherent to the business and that a business can work according to their efforts, learning and planning, that is, the entrepreneur and their control and management actions will be responsible for the success or failure of the business, and not just external factors like fate or bad luck.

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On February 1, a seller paid $1,140 in annual property tax for the current calendar year. He sold the house with the closing set
Vera_Pavlovna [14]

<u>Given:</u>

Annual property tax = $1,140

Number of days = 91

<u>To find:</u>

Seller's credit for property tax

<u>Solution:</u>

The following is the calculation of the seller credit for property taxes,

\text{Seller credit for property taxes} = \text{Total tax}\times \frac{\text{Number of days}}{360}

On plugging-in the values we get,

\text{Seller credit for property taxes} = \$1,140\times\frac{91}{360}

\Rightarrow \$1,140\times0.25278 = \$288

Therefore, the seller's credit for property taxes is $288.

6 0
3 years ago
Entrepreneurs are provided with what when starting a franchise?
vladimir1956 [14]

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4 0
3 years ago
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How many bits are there in 2bytes​
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There are 16 bits in two bytes
3 0
3 years ago
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walmart and the home depot emphasize consistently low prices rather than periodic discounts with a retail pricing strategy calle
Dvinal [7]

Walmart and Home Depot emphasize consistently low prices and eliminate most of the markdowns with strategy called everyday low pricing.

<h3>What is everyday low price?</h3>

Everyday low price is a pricing strategy that assures customers of a cheap price all the time without forcing them to wait for discount price occasions or comparison shop. In addition to saving retail businesses the time and money required to mark down prices during sales, EDLP is also thought to increase customer loyalty. An EDLP retailer's price will typically fall between a high-low retailer's discounted price and its non-discounted price. It is typical for rival shops to divide the market into segments using various pricing heuristics. The segments are made up of two distinct groups of consumers with various buying habits for both final purchases and pre-purchase research. They are prepared to conduct research to find discounts and to stockpile goods when deals are available.

To learn more about everyday low pricing, visit:

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8 0
1 year ago
Assuming equivalent units of conversion costs is 7,000 units (note this is not the answer for the above question) at the end of
monitta

Answer:

$157 per equivalent unit

Explanation:

Note: <em>The full question is attached as picture below</em>

<em />

Conversion cost per equivalent unit = Conversion costs added during February / Equivalent units of conversion costs

Conversion cost per equivalent unit = $1,100,000 / 7000 units

Conversion cost per equivalent unit = $157.14286

Conversion cost per equivalent unit = $157 per equivalent unit

6 0
2 years ago
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