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Why is there a need to assess one's PECs in terms of characteristics,attributes,lifestyle,skills traits before starting a partic

Vladimir79 [104]

Answer:

Explanation:

PECs stands for <em>Personal Entreprenurial Competencies.</em>

It is important to evaluate them because they have a way of predicting how successful one would be in a particular business.

Some of these attributes include but are not limited to the following:

Ability to Influence other People: People here refer to customers, public and even staff.

Self-Confidence: Confidence in one's abilities is key for survival in any business or endeavour.

Persuasion: Persuasion goes hand in hand with influence and Self-Confidence. It's almost impossible to influence other people if ones does not have self-confidence or lacks the strategy to do so.

Efficiency Orientation: The best entrepreneurs known how to create value from little or nothing.

Problem Solving: This is one of the greatest skills of an Entrepreneur. The higher they go on this trait, the more their chances of success.

Information Seeking: This is not just about reading. It refers to ones ability to seek related intelligence within and outside of one's environment. Good intelligence contributes to great decision making.

Ability to spot and utilize Opportunities: This is two traits combined in one. Spotting opportunities is overrated. Ability to organise internal and external resources in order to translate such opportunities into value is priceless.

Grit: Also known as persistence. This is key and is required for any idea which is receiving efforts to come to fruition.

Cheers!

8 0

3 years ago

Recall the educational and other requirements for Geographers. What are some requirements that would be helpful to

Leviafan [203]

Answer:

master’s degree and GISP certification

communication skills, including reading, writing, listening, and speaking

analytical and critical-thinking skills

computer skills

8 0

3 years ago

Read 2 more answers

Identify the accounting concept, assumption, or principle that best applies to each of the following situations: a. Inflation

lianna [129]

Answer:

The list is follows:

a. Inflation has been abound 2.5% for some time. Village Realtors is considering measuring its land values in inflation-adjusted amounts - Stable-monetary-unit assumption

b. You get an especially good buy on a laptop, paying only $ 300$300 when it normally costs $ 800. What is your accounting value for this laptop? - Historical cost principle

c. Burger King, the restaurant chain, sold a store location to McDonald. How can Burger King determine the sale price of the store long dash—by a professional appraisal, Burger King's original cost, or the amount actually received from the sale? - Historical cost principle

d. General Motors wants to determine which division of the company long dash—Chevrolet or Cadillac long dash—is more profitable - Entity assumption

6 0

4 years ago

Businesses can be classified into the following forms: a proprietorship, a partnership, a corporation, a limited liability compa

lozanna [386]

Answer:

Explanation:Answer:

Explanation: Characteristics of a proprietorship:

1. Owned by single individual

2. Less regulated Subject to unlimited liability

3. Has unlimited life Subject to lower income taxes

B.

Michael founded and operated a wedding planning agency, which specialized in celebrity weddings. When he died, his business was dissolved because there was no plan for control after his death. Sole proprietor

DDX Co. is a shipping company. Tyler owned 1,000 shares of DDX stock. He found better opportunities and sold his entire stake in DDX to another investor. Limited liability company.

Jackson and his friend Shirley run a carpet cleaning business. They distribute the profits proportionately and file their individual taxes. Partnership

Tyler, Jackson, and Jose own an accounting firm in San Francisco. All share in the profits of the firm proportionately and file taxes at an individual level. According to their agreement, none of the owners will be held personally liable for the accounting firm's debt. Limited partnership

Businesses in the form of corporations offer their owners several advantages, but the benefits come at a price. For instance, corporations are required to create a charter, set bylaws, and file mandatory reports with state and federal authorities, which can get expensive and time consuming. The filing document, which requires the company to state: (1) the name of the proposed corporation, (2) types of activities the company will be involved in, (3) amount of capital stock, (4) number of directors, and (5) names and addresses of the directors, is called the corporate limited liability company

6 0

4 years ago

The use of accelerated depreciation:____.a. discourages investment in plant and equipment. b. increases expenses and decreases c

Elena-2011 [213]

Answer:

c. initially decreases the firm's taxes

Explanation:

Accelerated depreciation provides for a higher rate of capital allowance on the assets that is New and Unused and brought in the business for use in manufacturing for the first time. This allowance then lowers for the other years. The purpose of this is to encourage investment in plant and equipment as it initially decreases the firm's taxes.

8 0

3 years ago

DO YALL KNOW NIKKI MANJ HAD A BBY listen to alot a choppas remix wit her in it