Answer:
The "diamond-water" paradox.
Explanation:
Adam Smith in his book <em>The wealth of nations</em> posted a question consisting the comparison between the price of diamond and water.
His idea was that why the price of diamond is so high as it has no importance in human life, and why the price of water is so low when it is highly significant for human life. One cannot die, if he doesn't have a diamond under his pillow although he will die if water is not given to him for days.
A type of analysis to understand Able's availability of resources to pay its short-term cash requirements is known as a liquidity measure.
<h3>What is liquidity?</h3>
Liquidity can be defined as the rate at which an asset or resource such as physical equipment, can be used to purchase any goods or services. This ultimately implies that, liquidity is a characteristics (quality) of money as a medium of exchange around the world.
In Financial accounting, liquidity is simply a measure of the availability of resources to pay current, liabilities, short-term cash requirements, or operating expenses of an entrepreneur or business firm.
Therefore, an analysis of the availability of resources is typically aimed at a company's funding requirements and ability to meet its financial obligations.
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When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
<h3>Who is an entrepreneur?</h3>
This is the person that is referred to as the one that opens and runs a business for the sake of making gains which is referred to as profit.
The entrepreneur is a person that is interested in being able to come open and run a business and also manage the risks that are involved in the business. Such a person is innovative in nature and they are able to take risks.
Hence When an entrepreneur makes the decision to own and run a business, he or she assumes risks that are offset by the potential of earning a profit.
Read more on an entrepreneur here: brainly.com/question/353543
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Answer:
The proposals submitted to the customer should:
D. be reviewed by a team and evaluated on predefined evaluation criteria.
Explanation:
In business, a proposal is a business application from one entity to another, soliciting for a contract based on an understanding of the customer's problems and requirements.
There many sections, including objectives, recommended solution, estimated project schedule, company's background information, fee summary, and other important terms and conditions.
Given the above sections, it becomes necessary for a team to evaluate proposals before they are submitted to customers. Teamwork will help modifications to be made based on each customers requirements.
Answer:
The correct answer is: the free-rider problem.
Explanation:
The free-rider problem occurs when individuals do not want to pay their fair share for something others pay. The free-rider problem tends to happen when everyone has access to a source without constraints and there is little to no regulation over the use of the resource.
Thus, <em>the talented musician's jar is never full because of the free-rider problem: some people give the musician tips to eager him to continue doing it or because they liked the music while others, even if they liked and enjoyed the musician's play, are reluctant to tip him since they prefer to listen to the music for free.</em>
