Answer: True
Explanation: Entrepreneurship is the ability to create and run a business venture with the aim of generating a profit. This comes in the form of starting new businesses. It takes into account planning, organising, managing an assembling the 4 factors of production, and using these factors to create a product or service that customers can buy, in exchange for money. The four factors of production are: land, labour, natural resources and capital. It is important to note that although entrepreneurs aim to make a profit, they can also bear risks that can affect their business ventures and thus the profit that they make.
Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
An activity or business is classified as hobby :
- The owner of the business is not making profit from the business
- When their is no proof as to whether the business owner is making profit
- When the owner does not intend to make profit from the business etc
Based on the given information the revenues or income amount of $18,000 will be the amount that will be reported by Alex as part of the gross income.
While the expenses or property taxed amount of $3,000 is deductible because the deductions are itemized deductions.
Inconclusion Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
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Answer:
C. health maintenance organizations
Explanation:
Healthcare intermediaries organizations that form links between small-scale providers to interact with governments, patients and vendors. These organizations can perform key health systems functions which are typically more challenging for individual private providers to do on their own. An individual pays the health maintenance organisation in advance for medical care that he may require in the future and the organisation provides medical care to the individual when the need arises. These organisations are able to provide this care by paying doctors affiliated to them, and other healthcare providers who deliver care to the patients
Social media sites can provide a firm with insights into a consumer's opinions about the firm and the opinions about the firm from the consumer's neighbors.
<h3>How social media helps the firm to get the idea of trends?</h3>
Social media helps the company to get the trend and idea about the latest things going on in the world or the latest challenges going on the world. Everything which is happening on the country was on social media platform.
Thus, option B is correct.
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Answer:
The two factors that affect the organization of businesses functional activities are ;
Strategy
Technology
Environment
Explanation:
Strategy determines the approach or the course of action to direct the activities of the organization of businesses. Strategy is the innovation room where new approach to solving a problem is discovered and implemented.
Technology; the technology for manufacturing goods and services affect the organization of business functional activities.
