(a) The importance of entrepreneurship for a country lies in its ability to drive innovation and economic growth.
(b) While the COVID-19 pandemic has posed significant challenges to local businesses in Malaysia, it has also presented opportunities for innovation and transformation.
Why is entrepreneurship important for a country's development?Entrepreneurship plays a crucial role in the development and progress of a country. It serves as a catalyst for innovation, economic growth, and job creation. By fostering a culture of entrepreneurship, a country can unlock its potential for sustainable development and competitive advantage in the global market.
Entrepreneurship encourages individuals to think creatively, take risks, and seize opportunities. It promotes the establishment of new businesses, which not only generate employment opportunities but also contribute to the overall economic growth of a country.
Entrepreneurs often introduce disruptive ideas, products, and services that challenge the status quo and lead to technological advancements, improved productivity, and increased competitiveness.
Moreover, entrepreneurship fosters a spirit of self-reliance and resilience within a society. It empowers individuals to harness their skills and talents, enabling them to create their own employment opportunities rather than relying solely on traditional job markets. This can be especially significant during times of economic uncertainty or crisis, such as the recent COVID-19 pandemic.
The COVID-19 pandemic has had a profound impact on local businesses in Malaysia, both positive and negative. On one hand, the outbreak has accelerated the adoption of digital technologies and online platforms, forcing businesses to adapt and embrace e-commerce.
This shift has opened up new avenues for revenue generation and expanded market reach, allowing businesses to explore untapped customer segments.
However, the pandemic has also presented numerous challenges. Restrictions on movement, lockdown measures, and reduced consumer spending have significantly affected sectors such as tourism, hospitality, and retail.
Small and medium-sized enterprises (SMEs) have faced financial hardships, supply chain disruptions, and workforce issues, leading to closures and job losses.
Nevertheless, the pandemic has highlighted the resilience and adaptability of local businesses. Many have pivoted their operations, diversified their offerings, or found innovative ways to continue serving their customers. Government support and initiatives, such as financial assistance programs and digital transformation initiatives, have provided some relief and enabled businesses to navigate the crisis.
In conclusion, entrepreneurship is vital for a country's economic development and resilience. It drives innovation, creates employment opportunities, and fosters economic growth.
While the COVID-19 pandemic has posed significant challenges to local businesses in Malaysia, it has also presented opportunities for innovation and transformation. By embracing entrepreneurship and leveraging government support, businesses can overcome the obstacles posed by the outbreak and emerge stronger in the post-pandemic era.
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selection of the best option in decision making is often a blank procedure because many situations do not lend themselves to quantitative analysis.
The best option in decision-making is often a subjective procedure because many situations do not lend themselves to quantitative analysis.
In analytical chemistry, quantitative analysis is the determination of the absolute or relative amount of one, some, or all specified substances present in a sample.
Quantitative Analysis (QA) is a technique that uses mathematical and statistical modeling, measurement, and research to understand behavior. Quantitative analysts represent a given reality numerically.
In business and management, qualitative analysis uses subjective judgments to assess a company's value and prospects based on non-quantifiable information such as management expertise, industry cycles, R&D strengths, and industrial relations.
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whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potential gdp line.
Answer:
The answer is equilibrium
Explanation:
Whether the economy is in a recession is illustrated in the ad/as model by how close the equilibrium is to the potential gdp line.
when considering how mobile users will search for your business, which types of keywords should you focus on?
When considering how mobile users will search for business one should focus on shorter keywords and phrases.
Keywords are used in search engine optimisation. Search engine optimisation allows mobile users to have an optimised experience. It takes into consideration the design of the website, structure, speed etc.
Generally, there are four different types of keywords. Their names are commercial, transactional, informational, and navigational. Keywords refer to small phrases or words an individual usually searches for.
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To help farmers and workers in developing nations secure trade deals is known as:
A. Real Trade
B. Domestic Trade
C. Fair Trade
Why do you think it is better for the industry to advertise its product through magazine than newspapers.Give two reasons
Answer:
Magazines are more specifically targeting, offer higher scope of sale conversion.
Explanation:
Advertisement is done to persuade people for buying goods & services. It can be of various forms, eg - magazines & newspapers.
Magazines are better than newspapers, as -
Magazines are read by people specifically interested in the particular niche, so they are more likely to be prospective buyers of the product. Newspapers are comparatively less targeted form of advertisement, as they advertise to all the people, irrespective of their scope of interest in the good or service. Magazines are relatively more targeted in this case.A certain brand of crackers costs $2. 89 for 12. 4 ounces. What is the unit rate? Enter your answer, rounded to the nearest cent, in the box.
Answer:
23 cents
Explanation:
divide
Lawrence is a buyer closing on a home purchase for which he's obtaining financing. He receives a Loan Estimate from his lender. What's the purpose of this document?
Answer: The purpose of this document is to detail estimated closing costs for Lawrence's loan
Explanation:
From the question, we are informed that Lawrence is a buyer closing on a home purchase for which he's obtaining financing and that he receives a loan estimate from his lender.
The function of a loan estimate is to detail estimated closing costs for the loan that Lawrence's took. With the low estimate, Lawrence will have an idea of what he'll pay
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $325,000, and its year-end receivables were $60,000. If its DSO is less than the 45-day credit period, then customers are paying on time. Otherwise, they are paying late. By how much are customers paying early or late? Base your answer on this equation: DSO - Credit Period = Days early or late, and use a 365-day year when calculating the DSO. A positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91B
Answer:
22.38 days
Explanation:
Given the following:
Sales last year(credit sales) = 325000
Year-end receivables = 60000
To calculate the Days sales outstanding
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
= (325,000 ÷ 60,000)
= 5.4166666667
Therefore,
(Number of days in year ÷ accounts receivable turnover ratio)
(365 ÷ 5.4166666667) =67.34
Days sales outstanding = 67.38461538days
Credit period = 45days
Difference = DSO - Credit period
Difference = (67.38461538 - 45) days =22.3846153days
=22.38 days
Which of the following organizations would most likely not use time-and-material pricing? Public accounting firm Custom furniture manufacturer Construction firm Automobile repair company
A custom furniture manufacturer would most likely not use time-and-material pricing.
Time-and-material pricing is a method where customers are charged based on the time spent on a project and the materials used. This method is more common in industries that provide services or work on projects with varying scopes and complexities.
A public accounting firm, construction firm, and automobile repair company all provide services that can vary greatly in scope, making time-and-material pricing a suitable option for these businesses. For example, an accounting firm may work on different projects, such as tax preparation, financial audits, or consulting services, each with varying time and effort requirements. Similarly, a construction firm and an automobile repair company would also have projects with different levels of complexity and material needs.
In contrast, a custom furniture manufacturer typically produces tangible products with relatively predictable costs and production times. They would likely use other pricing methods, such as cost-based pricing, value-based pricing, or competitive pricing, to determine the prices for their products. These pricing methods allow them to account for the fixed and variable costs involved in manufacturing furniture and ensure that they can make a profit while remaining competitive in the market.
In conclusion, time-and-material pricing is not as suitable for a custom furniture manufacturer as it is for service-based businesses like public accounting firms, construction firms, and automobile repair companies, due to the nature of their work and the predictability of costs and production times.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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Maya is concerned about her credit problems and is worried
about the debt she's accumulated throughout college. Which
of the following strategies is the most advisable for Maya?
automatically apply for bankruptcy
immediately consolidate her loans
look for a reputable credit counselor
Answer:
C!
Explanation:
Debts are often referred to as money owed by individuals and they have no way to pay for it. The
best strategy that is the most advisable for Maya is to look for a reputable credit counselor
A credit counselor often tells an individual the right steps to take concerning any credit be it debt or any other things.If you can't make a payment or meet the options given, it is better to discuss payment options, contact your lenders to explain your situation or a credit counselor.
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In the analysis of the financial cycle of a company, the following data (mean deadline) was verified, in days: inventories = 15 days, receipt of invoices = 20 days and supplier credit = 10 days. The implementation of a project in the first year of operation will have an operating income net of R$ 10,000,000.00 and an operating cost of products and services equal to R$ 7,000,000.00. With this data, estimate the working capital requirement in the first year of operation of this project.
The estimated working capital requirement in the first year of operation for this project is approximately R$ 479,452.00.
To estimate the working capital requirement in the first year of operation, we need to calculate the cash conversion cycle (CCC). The CCC is the length of time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
The formula for calculating CCC is:
CCC = Average Inventory Days + Average Receivables Days - Average Payables Days
Given the data provided:
Average Inventory Days = 15 days
Average Receivables Days = 20 days
Average Payables Days = 10 days
Substituting these values into the formula,
CCC = 15 + 20 - 10
CCC = 25 days
The CCC represents the number of days it takes for the company to convert its investments into cash flows. In this case, the CCC is 25 days.
To estimate the working capital requirement, calculate the average daily operating cost of products and services:
Average Daily Operating Cost = Operating Cost / 365 days
Operating Cost = R$ 7,000,000.00
Average Daily Operating Cost = 7,000,000 / 365
Average Daily Operating Cost ≈ R$ 19,178.08
Finally, calculate the working capital requirement:
Working Capital Requirement = CCC * Average Daily Operating Cost
Working Capital Requirement = 25 * 19,178.08
Working Capital Requirement ≈ R$ 479,452.00
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PLEASE HELP ASAP::::
A tip employee’s earnings most closely resemble those of which of the following?
a.
An employee working on straight commission
b.
An employee working on commission plus salary
c.
An employee working on a piece-rate basis
d.
An employee working on a fixed salary
Please select the best answer from the choices provided
A
B
C
D
Answer: c. An employee working on a piece-rate basis
fashooo
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $18, 195 at 10% for 2 years. Use ordinary interest as needed. Calculate the simple interest note proceeds. Simple interest note proceeds $ Calculate the simple discount note proceeds. Simple discount note proceeds $
a. The proceeds for the simple interest note would be $21,834.
b. The proceeds for the simple discount note would be $14,556.
a. To calculate the proceeds for both the simple interest note and the simple discount note, we need to use the appropriate formulas.
Simple Interest Note Proceeds:
The formula to calculate the proceeds for a simple interest note is:
Proceeds = Principal + (Principal × Rate × Time)
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 + ($18,195 × 0.10 × 2)
Proceeds = $18,195 + ($3,639)
Calculating the result:
Proceeds = $21,834
Therefore, the proceeds for the simple interest note would be $21,834.
b. Simple Discount Note Proceeds:
The formula to calculate the proceeds for a simple discount note is:
Proceeds = Principal - (Principal × Rate × Time)
Given the same values:
Principal (P) = $18,195
Rate (R) = 10% (convert it to decimal form by dividing by 100: 10/100 = 0.10)
Time (T) = 2 years
Substituting the values into the formula:
Proceeds = $18,195 - ($18,195 × 0.10 × 2)
Proceeds = $18,195 - ($3,639)
Calculating the result:
Proceeds = $14,556
Therefore, the proceeds for the simple discount note would be $14,556.
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Gordon is over 65 what is his adjusted gross income
Answer:
huh
Explanation:
hbybibhbil
Sijara is working on a marketing plan for her toy company’s new doll line and believes that that her corporation needs to modify their existing dolls to include a more global approach in terms of clothing and hair color to meet the needs of the new markets. What strategy is Sijara looking to employ for her corporation?
The marketing plan that Sijara should apply is to change the product and make it more globally inclusive.
What is a marketing plan?Marketing plan can be defined as the strategy or the change which the complete going to incorporate in their business or behavior. It can be related to the product or how they are putting it in the market.
In this case as working on the toy factory and the dolls need to have a global approach this mean that the development will be changed as it is on global inclusion as well as lifestyle and behavior is a major factor in the change.
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An unstable government is one that __________.
A.
is democratically elected
B.
is authoritarian
C.
changes hands frequently
D.
provides for its citizens
Answer:
C
Explanation:
An unstable government is one that changes hand frequently.
When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.
An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.
Correct option: C
Answer:
He is correct~
Explanation:
Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the________
phase of the financial life cycle.
Fill in the blank
Answer:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
Explanation:
Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer
Esthelt, an automobile manufacturing company, has a shortage of engineers who are capable of operating computer-controlled machinery used for the production of various critical car parts. Although Esthelt has created job vacancies for this position, production has slowed down drastically due to the shortage of engineers. Due to the urgent requirement for production to gain pace, the company is looking for somebody with the necessary _____ so that he or she would not require training on Computer Numerical Control.
Answer:
Technical skills
Explanation:
Technical skills are the hands-on knowledge and skill that is possessed by an individual in performing a specific task. It involves practical ability in areas such as information technology, scientific tasks, and use of mechanical equipment.
In the given scenario Esthelt is looking for engineers who are skilled in operating computer-controlled machinery used for the production of various critical car parts.
This requires technical skills and there is a shortage of such engineers that posses the skill
Supply and Demand can influence a jobs ____?
Answer:
affecting wages, employment levels and thus equilibrium
Explanation:
What does the phrase “last in, first out” mean?
whenever possible, most firms should attempt to compete primarily on the basis of price. this statement is:
whenever possible, most firms should attempt to compete primarily on the basis of price. this statement is False.
Which pricing strategy may be described as having just the appropriate amount of discounts?The Goldilocks of pricing tactics is competitor-based pricing. It is predicated that anxious business owners seek to their rivals for a benchmark pricing that is "just right" in order to price their goods or services neither too low nor too high. The approach provides some guarantee, much like cost-plus pricing.
They feel that boosting sales will benefit the company more than growing profits when determining prices. Premium pricing refers to intentionally pricing a product higher than the prices established for competing products in order to attract clients who are price-sensitive or who always look for the greatest deals.
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profit is the only
Organizational objectives of the business.Do you agree
Explanation:
I agree because without profit what's the use of the business
Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year
Answer:
$12.72
Explanation:
Steele Corporation has the following information for January, February, and March:
January February March
Units produced 10,000 10,000 10,000
Units Sold 7,000 8,500 10,500
Production costs per unit (based on 10,000 units) are as follows:
Direct materials per unit
$12
Direct labor per unit 8
Variable overhead per unit 6
Fixed overhead per unit 4
Variable selling cost per unit 10
Fixed selling & administrative costs per unit 4
There were no beginning inventories for January, and all units were sold for $50. Costs are stable over the three months. Absorption costing income for March was _____________ than variable costing income.
Answer:
d. $2,000 less
Explanation:
The computation is shown below:
Particulars January February March
Units beg.
inventory 0 3,000 4,500
Units produced 10,000 10,000 10,000
Units sold -7,000 -8,500 -10,500
Units ending
inventory 3,000 4,500 4,000
Now
= $4 × (4,500 - 4,000)
= $2,000
So, here the income arise from absorption costing should be lower than the variable costing as the inventory is reduced
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.
A. balance sheet
B. statement of cash flows
C. manufacturing statement
D. income statement
The income statement is a financial statement detailing a firm's assets, liabilities, and owner's equity. Thus, option 'D' is the correct option.
What is an income statement?One of a company's financial accounts, an income statement or profit and loss account, lists the company's revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit.
A period of time is represented by an income statement (as does the cash flow statement). The balance sheet, on the other hand, only depicts one point in time. There are two ways to create an income statement. The Single Step Income Statement calculates the net income by adding up all receipts and deducting all costs.
In order to get at the net income, the Multi-Step income statement makes a number of calculations, beginning with the gross profit and moving on to operational expenditure estimation. then, after taking the gross profit into account, you get income from operations.
Therefore, option 'D' (income statement) is the correct option.
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Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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The idea that some basic businesses such as steel mills, coal mines and utilities, should be owned and controlled by the government is indicative of a
People often set up business for themselves. The idea that some basic businesses such as steel mills, coal mines and utilities, should be owned and controlled by the government is indicative of socialism.
What is socialismThis is known as an economic system that is based on the foundation that some, if not all, simple or basic businesses e.g. steel mills, coat mines, and utilities should be the property of the government.
They believed that the profits from these business can be said to be evenly distrusted among the people but when they are in the hands of the government, it can be well used.
Brain Drain
The loss of the best and bright
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