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Drupady [299]
2 years ago
12

The role of the entrepreneur in society is to:__________

Business
1 answer:
Cerrena [4.2K]2 years ago
4 0

Answer:

b) bring the factors of production together and take the risks of producing output.

Explanation:

There are basically four factors of production which are required in order to ensure the manufacturing of output, which are land,labor,capital as well as an entrepreneur.

The role of an entrepreneur is to bring together all factors in order to serve the purpose of creating valued-added output that can be sold at a price higher than the cost price in order to make a profit.

All in all, the role of an entrepreneur is not just to provide capital or control land but bring all factors of production together

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The term externalities refers to Select one: a. regulations imposed on a firm by government. b. a nation that is a trading partn
pogonyaev

Answer:

Option (c) is correct.

Explanation:

During an economic activity between the two parties, if the third party is affected (Positively or negatively) by this economic transaction then this is known as externality.

There are two types of externalities:

(i) Positive externality: When the third party is positively affected by an economic transaction between the two parties.

(ii) Negative externality: When the third party is negatively affected by an economic transaction between the two parties.

Now, suppose there is a steel manufacturing company for the consumers. But the people who lives near this company have to bear the cost of the pollution created by the company. This is a negative externality.

5 0
3 years ago
The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is debit In
stepladder [879]

Answer:

Debit Interest Expense, credit Cash and Discount on Bonds Payable.

Explanation:

The journal entry that a company needs to record for payment of interest is: a debit to the interest receivable account and a credit to the interest income account.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to cash.

The journal entry that a company needs to record for interest expense is: a debit to interest expense and a credit to discount on bonds payable.

4 0
3 years ago
The Acme Aircraft Seat Company produces aircraft seats and is able to assemble 2 seats in 30 minutes using four workers. The sin
Varvara68 [4.7K]

Answer:

The single-factor productivity of the firm is 1 seat per labor hour.

Explanation:

The Single-factor productivity means the output when a unit of input is used. It is used to identify how many resources are used to produce a unit output.

The Acme Aircraft produce 1 aircraft seat per labor hour.

The single-factor productivity is calculated by formula :

Output/Input

No.  of  seats  produced / ( No. of workers * Hours worked  )                    

   

Single Factor Productivity =  2 Seats / 4 workers * 0.5 (30/60) hours

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3 years ago
Why do you think there is wi-fi activity even when you are not actively using network services?
BaLLatris [955]
Always streaming data
8 0
3 years ago
True or false: if the sales comparison approach cannot be developed because of a lack of sales data, the cost approach cannot be
vfiekz [6]

This is very true, no explanation

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1 year ago
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