Answer:
B. experienced professionals from different areas of business.
Explanation:
As no individual alone can run the business, different experts for different areas are required, and accordingly an entrepreneurial team is formed with different individuals who are experts in their own field, which helps the organisation, to create an idea for new product, and then make it, and then sell it in the market.
They are just not some people with lot of money, or some government body, etc:
They posses some different skills, for each individual.
Thus, correct option is:
Statement B
Answer:
d. Word of mouth
Explanation:
In the given instance it is very clear that there is an announcement in the seminar. This clearly represents the word of mouth. As there is no job posting officially on the web site or newspaper. Also there is no recommendation from any supervisor that there is any need to get a person recruited and this is the person.
In fact there is a straight announcement to ensure the recruitment vacancy. This is the basic conclusion from such scenario and this will be termed as Word of mouth.
Answer:
C. more than the Red Sox tickets
Explanation
Based on the scenario being describe it can be said that It is likely that the small gifts would influence the narrator more than the Red Sox tickets. This mainly because the little gifts will sum up over time since they have been receiving them for about 7 months, instead of Red Sox tickets which would be the same repeated event every time.
Answer:
a) we must first determine the effective interest rate
effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%
monthly payment = present value x annuity factor
present value = $92,500
PV annuity factor, 0.617%, 60 periods = 50.024
monthly payment = $92,500 / 50.024 = $1,849.12
b) effective annual rate = (1 + 7.4%/12)¹² - 1 = 0.076562 = 7.66%
