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KengaRu [80]
2 years ago
5

1.What is business? Explain its characteristics.​

Business
1 answer:
jek_recluse [69]2 years ago
8 0

Answer:

Business is an organization where goods and services are exchanged for one another or for money to make a profit, every business needs some form of investment and enough customers to sell product to.

the major characteristics are:

1. Exchange of goods and services

2. Deals in numerous transactions

3. Profit is the main objective

4. Business skills  for economic success

5. risks and uncertainties

6. marketing and Distribution of goods

7. Sale to satisfy human wants

Explanation:

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Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and
serg [7]

Answer: Rick is a new product manager for a large biochemical firm. He is currently working on a proposal for a new chemical solvent and knows that introducing the new product can be risky because it might fail. He also knows that <u>not introducing new products</u> is risky as well.

Explanation: Launching new products to the market is essential if a company wants to survive. The development of new products is linked to the ability of a company to remain competitive and the longevity of a business. since as time passes new products are created better than the previous ones leaving them obsolete.

7 0
3 years ago
Your friend Reggie needs to write a resume and asked for your help. In at least 150 words, create a guide for Reggie. What are t
spayn [35]

Answer:

Name

Address

Contact Number

Objective

Work Experience

Extra Curricular Activities

School Graduated

Referral

Signature

Explanation:

Simple steps in making a Resume

8 0
2 years ago
Albert works as a salesperson making $18 an hour plus 5% of every sale he makes. He receives two weeks of paid vacation a year,
Vinvika [58]

Answer:

<em>c. base pay</em>

Explanation:

<em>In the given scenario </em>\$18<em> states that,  Albert is working at a </em><u><em>base pay</em></u><em>.</em>

<em>Because base pay is a system in which a worker gets payment as per hour. In base pay the employee or the worker can fix a particular rate per hour or per week or per month.</em>

And as we can see that Albert is earning a <em>particular amount per hour</em>, so this is also known as <em>base pay</em>.

3 0
3 years ago
Pharoah Company assembled the following information in completing its March bank reconciliation: Balance per bank $23700 Outstan
Natasha2012 [34]

Answer:

Pharaoh will reduce its cash balance by $1,130

None of the answer options was correct, maybe something was missing in the question like notes collected or other NSF checks.

Explanation:

Pharaoh Company's bank reconciliation:

balance per bank account   $23,700

- outstanding checks            ($4,800)

+ deposits in transit                 $7,750

<u>- NSF checks                            ($500) </u>

total                                        $26,150

<u>- cash balance per books    ($27,280)</u>

difference                               ($1,130)

In order to reconcile the bank account, we do not consider any bank service fees because they are already included in the bank balance. What we must consider are the NSF checks that we deposited and thought were good checks, but instead they bounced.

3 0
2 years ago
Milliken Company paid $3.00 million to purchase stock in another company, $1.40 million to repurchase treasury shares, $1.50 mil
nordsb [41]

Answer:

Net cash flow from investing activities is -$7.46 million.

Explanation:

Cash Flow from Investing Activities refers to the section of the cash flow statement of an organisation that shows the amount that been utilized in or made from making investments durin a particular accounting period. Examples of investing activities are purchases and sales of investments, long-term assets like property, plant, and equipment, etc.

Net cash flow from investing activities for Milliken Company can be calculated as follows:

Milliken Company

Calculation of net cash flow from investing activities

<u>Details                                                             Amount ($'million)  </u>

Purchase stock in another company                     (3.00)

Buy short-term investments                                    (1.50)

Sold used equipment                                              0.84

Purchased new equipment                                <u>    (3.80)   </u>

Net cash flow from investing activities             <u>     (7.46)   </u>

Therefore, net cash flow from investing activities is -$7.46 million.

8 0
3 years ago
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