The correct answer would be, Assets.
When an entrepreneur takes some of his profits and replaces old machinery, he is investing in Assets.
Explanation:
An entrepreneur is a person who initiates a business and runs it to earn profits. He is fully aware of the risk associated with the business in the form of loss, but he puts his efforts to run the business in the hope of earning profits.
Assets are things which add value to the business. Assets are basically a company's long term, fixed, liquid or current possessions. Assets may include the following:
- Cash
- Treasury Bills
- Lands
- Property
- Machinery
- Furniture
- Savings
- Inventory, etc
So When an entrepreneur takes some of his profits and replaces old machinery with the new one, he is actually adding value to the business, which means he is investing in the assets.
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During the third step of the scientific method, when researchers test the hypothesis, they conduct <u>empirical research</u>.
<h3>What is the 3rd step in
scientific method?</h3>
Basically, the scientific method refers to the process of objectively establishing facts through testing & experimentation. It involves the process of making an observation, forming a hypothesis, making a prediction, conducting an experiment, analyzing the results etc.
The third step in the scientific method is the need to collect and analyze data, that is, the testing of hypotheses by conducting Empirical research by collecting and analyzing data.
Hence, when researchers test the hypothesis, they conduct <u>empirical research</u>.
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A president can know their 2 year term is up when other politicians are considering to prepare their own campaigns for the next election cycle. It always occurs in the midst of their term, usually two years in.
Answer:
Portugal
Explanation:
Portugal border the country in the west
