All categories

3 years ago

For you why entrepreneurship is important?

Business

1 answer:

NeTakaya3 years ago

5 0

Answer:

Entrepreneurship has no power and has changed nothing. It is just a word which refers to the act of creating, owing, operating and maintaining an enterprise at one’s own risk. That’s all; there is nothing more. Because there are usually some special personality and psychological traits which compel and sustain people to take the risks associated with having their own enterprise, not everyone is “cut out” to be an “entrepreneur.”

I can do something I love, even though after doing it for too long it is less fun.

A shot in financial independence.

It's an adventure. It doesn't feel like work.

No boss.

You might be interested in

California real estate licensee carmen has an mlo endorsement on her license. which of these actions is she required to take?

a_sh-v [17]

She is required to include her MLO unique identification number on her business cards. Carmen is required by the law governing mortgage loan originators to include her distinctive identification on her business cards, but, not on real estate signage.

The first step in obtaining a mortgage is to speak with a loan originator, often known as a mortgage loan originator (MLO). An MLO's initial task is to convince you that working with them is your best alternative for borrowing money. The second is to direct you toward the settlement table. A loan originator is mostly a salesperson and just secondarily a loan approval chaperone.

The MLO, the borrowers, the processors, underwriters, and closers are all focused on the same successful end since mortgage loan approval is a team sport. Managing the team is the responsibility of the Loan Originator or MLO.

To know more about MLO refer here:

brainly.com/question/28079837

#SPJ4

8 0

2 years ago

he Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following information applies to the questions displayed belo

Sunny_sXe [5.5K]

Answer:

Total product cost= $150,000

Explanation:

Giving the following information:

10,000 units:

Direct materials $ 6.00

Direct labor $ 3.50

Variable manufacturing overhead $ 1.50

Fixed manufacturing overhead $ 4.00

<u>The product cost is the sum of direct material, direct labor, and total overhead. </u>

First, we need to calculate the total fixed overhead:

Fixed overhead= 4*10,000= $40,000

Now, the total product cost:

Total product cost= 10,000*(6 + 3.5 + 1.5) + 40,000

Total product cost= $150,000

3 0

3 years ago

A metallurgist has one alloy containing 26%26% copper and another containing 69%69% copper. How many pounds of each alloy must h

Brilliant_brown [7]

Answer:

Ans. He must use 2,987.76 pounds of alloy X (Cu=69%) and 2,365.24 pounds of alloy Y (26%=Cu)

Explanation:

Hi, let´s call alloy X the alloy that contains 69% of Cu and alloy Y the one containing 26% of Cu. Since he needs to produce 5,353 pounds of alloy, the first equation that we need to use is the following.

$X+Y=5,353$

Now, we need this 5,353 pounds of the new alloy to be 50% Cu, therefore, we have to use a portion of alloy X and alloy Y. This is as follows.

$0.69X+0.26Y=0.5(X+Y)$

And we have already established that X+Y is equal to 5,353, therefore this equation should look like this.

$0.69X+0.26Y=5,353*0.5$

$0.69X+0.26Y=2,676.5$

And we solve for X this equation, this as follows.

$0.69X=2,676.5-0.26Y$

$X=\frac{2,676.5-0.26Y}{0.69}$

$X=3,878.98-0.3768Y$

Now, we use this result and substitute this for X in the first equation like this.

$3,878.98-0.3768Y+Y=5,353$

and then, we solve for Y

$0.6232Y=5,353-3,878.98$

$Y=\frac{1,474.02}{0.6232} =2,365.24$

So, he needs to use 2,365.24 pounds of alloy that contains 26% of Cu, this means that the rest (2,987.76 pounds) must come from the alloy that contains 69% of Cu.

We can check this result by finding the overall Cu obtained by this amounts of alloy, that is

$Coppper FromX=2,987.76*0.69=2,061.55$

$Coppper FromY=2,365.24*0.26=614.96$

That adds up to 2,676.51 pounds of pure Cu, and since the total weight of the new alloy is 5,353, this amount of copper makes up for:

$PercentCu=\frac{2,676.51}{5,353} =0.5$

50% of the total weight.

Best of luck.

7 0

3 years ago

Which of the following is closely associated with the diversification strategy?

vredina [299]

Answer: b

Explanation:

Diversification strategies are used to expand firms' operations by adding markets, products, services, or stages of production to the existing business. The purpose of diversification is to allow the company to enter lines of business that are different from current operations. When the new venture is strategically related to the existing lines of business, it is called concentric diversification. Conglomerate diversification occurs when there is no common thread of strategic fit or relationship between the new and old lines of business; the new and old businesses are unrelated .

Diversification is a form of growth strategy. Growth strategies involve a significant increase in performance objectives (usually sales or market share) beyond past levels of performance .

5 0

3 years ago

Farrow Co. expects to sell 500,000 units of its product in the next period with the following results. Sales (500,000 units) $ 7

Shtirlitz [24]

Answer:

Farrow Co.

a. The combined total net income if the company accepts the offer to sell the additional units at the reduced price of $13 per unit is:

= $2,020,000.

b. The company should accept the offer, provided there is no proportionate additional selling expense.

Explanation:

a) Data and Calculations:

Normal Additional Total

Expected sales 500,000 units 50,000 units 550,000 units

Sales revenue $7,500,000 $650,000 $8,150,000

Costs and expenses:

Direct materials 1,000,000 100,000 1,100,000

Direct labor 2,000,000 200,000 2,200,000

Overhead 500,000 80,000 580,000

Selling expenses 750,000 0 750,000

Administrative expenses 1,285,000 215,000 1,500,000

Total costs and expenses 5,535,000 595,000 6,130,000

Net income $ 1,965,000 $55,000 $2,020,000

3 0

3 years ago

For you why entrepreneurship is important? ​

For you why entrepreneurship is important?