Answer: The entrepreneur assumes the risk of the business
Explanation:
An entreprenuer is a person that's bears the risk and controls the other resources such as the land , labour and the capital.
Also, we should note that the entrepreneur either makes a profit or loss. The difference between the small business owner and the entrepreneur is that the entrepreneur assumes the risk of the business
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The answers of the given questions above are the following:
1. The insurance coverage is the amount your insurance company is willing to pay. The correct answer is option B. Insurance transaction involves the insured<span> assuming a guaranteed loss in the form of payment to the insurer in exchange for the insurer's assurance to reimburse the </span>insured<span> in the event of a </span>covered<span> loss.
2. The correct answer would be option D. Deductible
3. The correct answer would be option D. Allows young adults to stay on their parents' insurance until the age of 26. </span>
Answer:
$72,996.20
Explanation:
PV=X(1+i)^n
i=8/100 = 0.08
X=$46,00
n=6
PV=46000 ( 1 + 0.08)^6
Pv=46000(1.08)^6
Pv=46000(1.586874)
Pv=72996.204
Pv=$72996.20
The present value of $46000 invested for six years at 8% is $72,996.20
Answer:
Option B Evaluate the alternatives
Explanation:
The reason is that if don't know the pros and cons of an alternative move then how can you choose the better option. To make a rational decision which is unbiased and which favors the best available option on the basis of maximum benefits and fewer risks, we have to evaluate whether the available alternative option is better option or not.
After evaluation we choose the better option available which is option d "select the best alternative".
