Answer & Explanation:
1). PROFITABILITY: Every entrepreneur wants to get and stay profitable. This is a fundamental business goal.
2). EXCELLENT CUSTOMER SERVICE: A customer is seen as the king as without him there is no business. Excellent customer service is a skill and an objective of every enterprenuer.
3). EMPLOYEE ATTRACTION AND RETENTION: A low staff turnover is important for a business as it helps an entrepreneur stay in business.
4). SUSTAINABLE GROWTH: Going concern of a business is an important objective to an enterprenuer.
5). ALIGNING MARKETING AND SALES: Marketing and sales translates to income for a business as its activities generates revenue and keeps the business afloat.
Answer:
a. consumer preferences
b. number of buyers
c. incomes
d. price of related goods
e. price of related goods
f. expectations
Explanation:
a. consumer preferences
: It is characterized as the qualitative of the numerous bundles of products, as calculated by utility.
b. number of buyers
: The number of buyers willing and capable to purchase goods is presumed to be continuous when building a demand curve.
c. incomes
: Income is funds earned by an external party in return for the purchase of a product or service or through the expenditure of cash.
d. price of related goods
: Cost and demand for the products. Fits are resources that are used together.
e. same as D.
f. expectations: A firm belief that anything is going to happen or be done in the future.
Answer:
In Tolan's 2014 income statement, the royalty revenue should be <u>$103,000.</u>
Explanation:
In Tolan's 2014 income statement the royalty revenue will be royalty for January to June received in September 2014, and for July to December 2014 in March 2015
In the year 2014 received in September 2014 = $98,500 which is for the period Jan to June 2014
Royalty = 15% of sales
Sales estimate for July to December 2014 = $30,000
Royalty = $30,000 X 15% = $4,500
Total royalty income for 2014 = $98,500 received + $4,500 to be received in 2015 Mar 15 = $103,000
In Tolan's 2014 income statement, the royalty revenue should be $103,000.
Answer:
EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO A TEMPORARY SITUATION.
Explanation:
Attribution theory deals with how the social perceiver uses information to arrive at causal explanations for events. It examines what information is gathered and how it is combined to form a causal judgment.
Explanatory style is the characteristic, habitual way individuals explain the causes of good and bad events they experience.
Stressful events can either be good or bad. People may attribute stressful events to factors that are either temporary or permanent and specific or universal.
Carmela's thought means she is explaining her stressful work (event) by attributing it to a temporary situation since she thinks she will get the hang of it in a few months.
Therefore, an example of the explanatory style is EXPLAINING STRESSFUL EVENTS BY ATTRIBUTING THEM TO TEMPORARY EVENTS.
Answer:
a) resources are limited and efficiency implies that all resources are already in use
Explanation:
If production is efficient, it means that the economy is producing on the production possibility frontier and all resources are in use.
To produce one unit of a good, the economy has to forgo producing one unit of the other good.
I hope my answer helps you.
