Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer:
<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>
Explanation:
- Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
- Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
- Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
- However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.
Answer: Finance
Explanation:
Since the The Board of Directors has approved this move, it will become the responsibility of the finance department to secure the necessary funding for the expansion.
Finance Department is the department in an organization which is charged with the responsibility for fund acquisition, and fund management within the organization and also in charge of planning for expenditure of funds.
Answer:
$8,189.87
Explanation:
The Capitalized Equivalent (CE) cost will be computed using the PV value of a perpetuity formula. Thus, for an amount (A) paid every 5 years, an annual interest rate of 10%, the CE cost will be
where 
is the rate over a 5-year period.
The rate over a 5-year period is computed as follows:
= 1.61051 - 1 = 0.61051 = 61.051%
Therefore, the CE Cost = 
= $8,189.87
