The inventory on September 30 would be $240.
Using the first-in, first-out (FIFO) method and a perpetual inventory system, we can calculate the cost of merchandise sold for the September 30 sale as follows:
Sept. 1 beginning inventory: 24 units x $22 = $528
Sept. 17 purchase: 26 units x $24 = $624
Total cost of goods available for sale = $528 + $624 = $1,152
For the September 5 sale, we assume that the cost of merchandise sold is based on the beginning inventory because no new purchases have been made yet. Therefore, the cost of merchandise sold for the September 5 sale would be:
14 units x $22 = $308
For the September 30 sale, we assume that the cost of merchandise sold is based on the units sold from the beginning inventory and the September 17 purchase. Therefore, the cost of merchandise sold for the September 30 sale would be:
14 units (remaining from beginning inventory) x $22 = $308
12 units (sold from September 17 purchase) x $24 = $288
Total cost of merchandise sold for the September 30 sale = $308 + $288 = $596
b. Inventory on September 30 can be calculated by subtracting the units sold from the total units available for sale:
Total units available for sale = 24 + 26 = 50
Units sold = 14 + 26 = 40
Therefore, the inventory on September 30 would be:
10 units x $24 = $240.
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Which of the following should be the FIRST action of an IS auditor during a dispute with a department manager over audit findings?
A. Retest the control to validate the finding.
B. Engage a third party to validate the finding.
C. Include the finding in the report with the department manager's comments.
D. Revalidate the supporting evidence for the finding.
The first action of an IS auditor during a dispute with a department manager over audit findings should be to revalidate the supporting evidence for the finding.
When facing a dispute with a department manager over audit findings, the IS auditor's first action should be to revalidate the supporting evidence for the finding. This step is important to ensure the accuracy and reliability of the audit findings. By reviewing and revalidating the evidence, the auditor can verify the basis of their findings and address any concerns raised by the department manager. This helps maintain the integrity and credibility of the audit process, enabling a more effective resolution of the dispute and ensuring the accuracy of the final audit report.
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Sarah got a big raise at her job, so she bought herself a new truck. She knew it was a splurge, but she figured with her extra money coming in, it would be manageable. Unfortunately, her company had to cut her job the very next month, leaving Sarah with a new truck and no extra money to pay for it. What does this scenario BEST represent? income risk interest rate risk personal risk inflation risk
Answer:
income risk
Explanation:
income risk
she thought she had lots of income, so she took a risk
Hope this helps plz hit the crown
The correct option is A). Income Risk
What is Income Risk?Income risk is the type of risk that the income stream paid by a fund will decrease in regards to a fall in interest rates.
Income risks mainly occur due to the unpredictability of the market and can impact the market value and cash flows from the security.
This risk is most prevalent in the money market.
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There are two firms, Aero and Pareto, that produce parachutes. Aero faces the demand curve q_A = 4,000 - 2P_A + P_P, and Pareto faces the demand curve q_B = 4,000 - 2P_P + P_A. Aero's output, q_A, is sold at a price of P_A. Pareto's output, q_P, is sold at a price of P_P. The firms' parachutes are differentiated and, for simplicity, assume marginal costs are zero. Solve for Aero's marginal revenue as a function of prices. Solve for Aero's reaction function. Solve for Pareto's marginal revenue as a function of prices. Solve for Pareto's reaction function. What price does each firm charge for its parachute?
Aero's marginal revenue as a function of prices is given by MR_A = 2 - 2P_A + P_P. Aero's reaction function is q_A = (4,000 - P_A + P_P) / 3. Pareto's marginal revenue as a function of prices is MR_P = 2 - 2P_P + P_A. Pareto's reaction function is q_P = (4,000 - P_P + P_A) / 3. The prices charged by each firm for their parachutes can be determined by substituting the reaction functions into their respective demand curves and solving for the prices.
To find Aero's marginal revenue as a function of prices, we differentiate Aero's total revenue with respect to q_A. Since the price P_A is constant, the marginal revenue function is given by MR_A = 2 - 2P_A + P_P.
Aero's reaction function represents the quantity of parachutes that Aero will produce based on the prices. The reaction function for Aero is q_A = (4,000 - P_A + P_P) / 3.
Similarly, Pareto's marginal revenue as a function of prices is MR_P = 2 - 2P_P + P_A.
Pareto's reaction function represents the quantity of parachutes that Pareto will produce based on the prices. The reaction function for Pareto is q_P = (4,000 - P_P + P_A) / 3.
To determine the prices charged by each firm, we need to substitute the reaction functions into their respective demand curves. By solving the resulting equations, we can find the prices P_A and P_P at which the quantity demanded equals the quantity supplied for each firm.
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The manager is responsible for knowing the food sanitation rules. This includes the supervision of food handlers in: Following the restaurant's policies on complaints Routine clean up of the parking lot and restrooms Recognizing problems with employee health Handling customer's money and credit cards
As the person in charge of the restaurant, the manager is responsible for ensuring that all food handlers are aware of and follow food sanitation rules. This is essential to prevent food contamination and foodborne illness outbreaks, which can be detrimental to the health of customers and the reputation of the establishment.
In addition to supervising food handlers' adherence to food safety regulations, the manager must also ensure that the restaurant's policies on complaints are being followed. This includes addressing customer complaints promptly and effectively to maintain a high level of customer satisfaction.
The manager must also oversee routine clean up of the parking lot and restrooms to maintain a clean and hygienic environment for customers and staff. This includes ensuring that all surfaces and equipment are properly cleaned and sanitized according to industry standards.
It is also important for the manager to recognize any problems with employee health and take necessary steps to prevent the spread of illness in the workplace. This may include implementing sick leave policies and providing education on proper hygiene practices.
Lastly, the manager must ensure that employees handling customer money and credit cards are following proper hygiene practices and taking appropriate measures to prevent cross-contamination between cash, cards, and food. This may involve providing gloves, hand sanitizer, and training on proper handling procedures.
Overall, the manager's responsibility to uphold food sanitation rules and maintain a clean and safe environment in the restaurant is critical to ensure the health and satisfaction of customers and employees.
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Which of the following is not a guideline for developing a WBS?
Define the highest level of deliverables before you move to lower levels.
Make sure that each item in a lower level is a component of the level above.
Sequence the work packages.
Involve project team members in the process.
The answer is "Sequence the work packages" as it is not a guideline for developing a Work Breakdown Structure (WBS). The other three options are important guidelines for developing a WBS.
Defining the highest level of deliverables is crucial as it helps to ensure that the WBS covers all the necessary components of the project. Breaking down the project into smaller components helps to make it more manageable, and involving project team members in the process can help ensure that the WBS is comprehensive and accurate.
In contrast, sequencing the work packages is not a guideline for developing a WBS. However, sequencing the work packages is a critical part of project planning as it helps to determine the order in which tasks should be completed. This can help ensure that the project is completed efficiently and effectively, and that resources are used wisely. Overall, developing a WBS and sequencing work packages are both important components of project management that can help ensure project success.
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Many hotels are asking guests if they would like to skip having their towels collected and washed daily to save energy and reduce waste. Which trend in hospitality and tourism are these hotels following?
The hotels you describe are following the trend of sustainability in the hospitality and tourism industry.
What is a trend in hospitality?Generally, This trend involves taking steps to minimize the environmental impact of hotel operations and to reduce the use of natural resources, such as water and energy.
Asking guests if they would like to skip having their towels collected and washed daily is one way that hotels can reduce their water and energy use and reduce waste.
Other sustainable practices in the hospitality industry might include using energy-efficient lighting, promoting the use of public transportation or alternative modes of transportation, using environmentally-friendly cleaning products, and sourcing local and organic food.
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What are the impacts arising from Corporate Action?
Business decisions can affect a company and its stakeholders in a variety of ways. Here are a few illustrations: Shareholder value, Corporate structure, Regulatory compliance, Reputation.
Every incident that could have an effect on a company's financial or operational structure is referred to as a "corporate action." Dividends, stock splits, mergers, acquisitions, spin-offs, and adjustments to a company's capital structure are a few examples of corporate actions. The corporation, its shareholders, and other stakeholders may be impacted in many ways by these decisions. While some business decisions are required by laws or regulations, others are made to improve the company's financial performance or competitiveness. Companies must carefully analyse the potential effects of every company decision and effectively communicate those implications to stakeholders.
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which resource would be considered the factor of production called land?a.timber (wood)b.a factoryc. moneyd. a farmer working their fields.
A. Timber (wood), Land would be regarded as a production component for timber (wood) resources. Wood that has been treated into consistent and practical proportions, such as beams, planks, or boards, is known as lumber.
Natural resources employed in production, such as land, water, minerals, and lumber, are referred to as the "land" element of production. As a result, option A, timber (wood), would be the resource taken into account as the element of production known as land because it is a natural resource produced from trees growing on the land. The factory in option B would be regarded as a capital resource, money in option C as a financial resource, and a farmer ploughing his or her fields in option D as a labour resource. Land, labour, capital, and entrepreneurial activity are the four fundamental sources of production according to economic theory.
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The ge financial management program is designed to help potential employees develop leadership and analytical skills by cycling them through short-term, key assignments in financial planning, accounting, operations analysis, auditing, forecasting, cash management, and commercial finance. What type of work challenge stressor does this demonstrate?.
Work complexity type of work challenge .
What causes complexity?Complexity can come from both inside the system and outside of it. Modern hardware, such as super-scalar CPUs, is an example of an internal source, and the requirements for modifying previously successful systems are an example of an external source.
Why is complexity important in business?Complexity problems that corporate leaders must address the fact that complexity stifles innovation, which is essential for organizations looking to develop new products and revenue sources, is particularly problematic. Collaboration and the ability of firms to communicate knowledge across teams are killed by complexity.
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Similarities between the public and private sector.
Gracie co. Has current assets of $32,000, long-term assets of $58,000, current liabilities of $14,000, and long-term liabilities of $20,000. Calculate stockholders’ equity.
The equity of the stockholders will be $56,000.
What exactly is stockholder equity?
Stockholders' equity, also known as shareholders' or owners' equity, is the number of assets accessible to shareholders after all liabilities have been paid. It is measured as a firm's total assets less total liabilities, or as the sum of share capital and retained earnings less treasury shares.
Stockholders' equity may include common stock, paid-in capital, retained earnings, and treasury stock. Stockholders' equity can be used to evaluate the cash held by a company. If this value is negative, it may signal that the company is about to declare bankruptcy, especially if it has a substantial debt load.
Calculation:
Gracie Co. has $32,000 in current assets, $58,000 in long-term assets, $14,000 in current liabilities, and $20,000 in long-term liabilities. Determine the equity of investors.
32,000 + 58,000 = 90,000 in assets
14,000 liabilities = 20,000 liabilities = 34,000 liabilities
Liabilities plus stockholder equity equals assets.
or:
Stockholder equity equals assets minus liabilities.
90,000 - 34,000 = shareholder equity
$56,000 in shareholder equity.
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Hope's employer deposits her paycheck directly into her checking account. How much would her employer have deposited into Hope's checking account on the most recent payday of 5/21/20? a. $40.00 $284.79 $315.21 d. $600.00
As the query does not provide any particular information about Hope's salary or earnings, we need more information to calculate how much her company put into her checking account on her most recent payday of 5/21/20.
To figure out the precise cost, the options provided ($40.00, $284.79, $315.21, and $600.00) are insufficient. The amount to be deposited would be determined by things like Hope's hourly rate, the quantity of hours performed, any taxes or deductions, and any additional bonuses or incentives. The precise deposit amount on Hope's payday cannot be calculated without this information.
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The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
For all the women out there, what do y'all like a men to do for you for your birthday?
Just wondering because it's my girls birthday today and I what to surprise her with something good. Help me please.
Answer:
I'd like gifts or just spending more time with my partner, foods fine
Explanation:
Girls don't expect much and if you are willing to spend time and give a small gift, that's all
Distinguish Among Money, Income, And Wealth. Which One Of The Three Does The Central Bank Of A Country Control?
The thing which a Central Bank controls from the answer choices is Money.
What is Money?This refers to the legal tender that is used as a form of exchange for goods and services.
Hence, we can note that the Central Bank of a country is in charge of printing money, making new economic policies, etc and they control money flow and have no business with controlling income or wealth.
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What does a bank use when looking at your credit score?
When a bank considers your credit score, they are looking at a number of factors that help them assess your creditworthiness.
What does a bank use when looking at your credit score?This includes your payment history, the amount of debt you currently have, the length of your credit history, new credit inquiries, and the types of credit you have used.
They will use this information to determine your credit risk, which will influence whether or not they approve your loan or credit application, and what interest rate they will offer you if you are approved.
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A company that uses the perpetual inventory system sold goods to a customer for cash $4,100. The cost sold was $900. Which of the following journal entries correctly records this transactionA. Accounts Receivable 4,100 Cash 4,100Cost of Goods Sold 900 Merchandise inventory 900B. Cost of Goods Sold 4,100 Sales Revenue 4,100C. Cash 4,100 Sales Revenue 4,100Cost of Goods Sold 900 Merchandise Inventory 900D. Merchandise Inventory 4,100 Sales Revenue 4,100
The correct journal entry to record this transaction under perpetual inventory system is option C: Cash $4,100, Sales Revenue $4,100, Cost of Goods Sold $900, and Merchandise Inventory $900.
Because the company is using the perpetual inventory system, the inventory account should be continuously updated to reflect the current level of inventory.
When the company sells goods to a customer for cash, the cash account is increased by the amount of the sale ($4,100) and the sales revenue account is also increased by the same amount. The cost of goods sold account is increased by the cost of the goods that were sold ($900) and the merchandise inventory account is decreased by the same amount to reflect the fact that the goods are no longer in inventory.
Therefore, the correct journal entry is:
Cash $4,100
Sales Revenue $4,100
Cost of Goods Sold $900
Merchandise Inventory $900
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Which of the following smoke aerosols forms as some gas molecules cool and condense and is seen as light-colored smoke?
Aerosol Mist
The smoke aerosol that forms as some gas molecules cool and condense and is seen as light-colored smoke is "Mist."
Mist is a type of smoke aerosol that consists of small water droplets suspended in the air. It appears as a light-colored or white smoke-like haze. Mist often forms when warm air containing water vapor comes into contact with a cooler surface or when warm air cools rapidly, causing the water vapor to condense into tiny droplets.The smoke aerosol that forms as some gas molecules cool and condense and is seen as light-colored smoke is "Haze." Haze refers to a type of smoke aerosol consisting of fine particles suspended in the air. When gas molecules cool and condense, they can form tiny particles that scatter light, resulting in a light-colored smoke-like appearance known as haze. Haze can vary in color and density depending on the composition and size of the particles present in the air.
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2. Ownership of the resources used to create wealth is in the hands of the individuals is known as what?
a. private property right
b freedom of choice
c. profits
d. competition
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
Which factors reduce the cost of borrowing from a bank?
There are several factors that can reduce the cost of borrowing from a bank.
Firstly, having a good credit score can significantly reduce the interest rate on loans. Secondly, offering collateral or security can also reduce the cost of borrowing as it minimizes the risk for the bank. Thirdly, shopping around for the best loan deals and negotiating with the bank can also lead to lower interest rates. Finally, borrowing during times of low-interest rates or taking advantage of promotional offers can also help to reduce the cost of borrowing. Overall, it is important to do your research and explore different options in order to find the best deal and reduce the cost of borrowing from a bank.
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It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.
A loan to a company or government that pays investors a fixed rate of truth over a specific timeframe is known as:
1. 401k
2. Tax shelter account
3. Stocks
or 4. Bonds
Answer:
4. Bonds
Explanation:
Bonds are debt instruments used by corporates and governments to raise capital. Bonds are long-term sources of capital for a business and government and also an investment option to investors.
When the government or corporate issues bonds, they promise to pay the principal amount when the bond matures. Maturity ranges from 5 to 30 years. The bond issuer also commits to pay interest on regular intervals until the bonds mature. The interest to be paid is based on the coupon rate or interest rate as specified by the bond.
At the beginning of october, nc inc. Had a beginning balance in supplies of $650. During the month, the company purchased $800 of supplies on account. At the end of the month, the company counted up the remaining supplies and determined there was $300 left. What amount should be debited to supplies expense at the end of october?.
Cash service revenue = $2,000 Cash collected from accounts receivable for mount should be debited to supplies expense at the end of October.
Money owed to a business in the near future is represented by the asset account known as accounts receivable on the balance sheet.
When a business permits a customer to pay for its products or services on credit, accounts receivable are generated.
Similar to accounts receivable, accounts payable tracks money that is owed as opposed to money that will be collected.
The ratio of accounts receivable to sales outstanding or days sales outstanding can be used to determine how strong an organization's AR is.
To determine when the accounts receivable will actually be received, a turnover ratio study might be performed.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36
Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.
To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:
The flat-rate disability amount is $496.36 per month.
The maximum monthly disability benefit is $1362.30.
Krishna's entitlement to a CPP retirement benefit is $660 per month.
To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:
The disability benefit will be the lesser of:
The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.Let's calculate the disability benefit based on the above formula:
Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)
= min($660, $496.36 + $660 - $496.36)
= min($660, $660)
= $660
Therefore, Krishna will receive a disability benefit of $660 under the CPP.
Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.
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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36
Explain the importance of teams in a business:
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems.
Explanation:
If you can follow a definite procedure to make a business decision, you are making a(n) ________ decision.A) ad-hocB) proceduralC) unstructuredD) semi-structuredE) structured
If a person can follow a definite procedure to make a business decision, you are making a structured decision. Option E is correct.
What is the structured decision?Structured decision-making is a method for conducting a thorough and systematic study of natural resource management choices. SDM is a basic collection of principles and useful procedures based on decision theory and risk analysis, rather than a rigorously mandated method to problem resolution.
Structured decision-making is intended to provide decision makers with information about how effectively various alternative courses of action may meet their objectives.
It assists in reaching consensus across groups and clarifies diverse ideals that may drive irreducible trade-offs. A structured decision is made when a person can follow a specific procedure to make a business decision.
Therefore, option E is correct.
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Alright y'all, I made a cover for my powerpoint, for a school project, and it took me an embarrassingly long time to make. Please give me some feedback on it. What do you like and what don't you?(There's no wrong answer, but please give a relevant one because I really want to know what y'all think.)
Answer:
I saw the pic. I think it looks great :)
Explanation:
Also it doesn't matter how long it took, I bet it feels good knowing you made that yourself.
how can aracruz mobilize stakeholders to resolve dispute with the native americans?
Aracruz can mobilize stakeholders to resolve the dispute with Native Americans by employing a stakeholder engagement strategy that promotes transparency, communication, and collaboration.
First, Aracruz can initiate a dialogue with the Native American community to understand their concerns and issues. This can be done through regular meetings, public consultations, and surveys. Second, Aracruz can establish a stakeholder engagement committee that includes representatives from the Native American community, environmental groups, local authorities, and other relevant stakeholders.
The committee can work towards finding a mutually acceptable solution to the dispute. Third, Aracruz can adopt sustainable and socially responsible practices that align with the values and aspirations of the Native American community. This can include adopting a zero-deforestation policy, implementing fair labor practices, and supporting community development initiatives.
Finally, Aracruz can demonstrate its commitment to stakeholder engagement by sharing information about its operations, impacts, and progress on resolving the dispute. This can be done through regular reports, public disclosure, and third-party verification.
By employing a stakeholder engagement strategy, Aracruz can build trust, respect, and cooperation with the Native American community and other stakeholders, leading to a sustainable and peaceful resolution of the dispute.
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multiple choice-- economics
Entrepreneurs do all of the following EXCEPT ...
Come up with new ideas about what, how, when, and where to produce
Own all the other resources
Organize labor, land, and capital
Bear risk from business decisions
Entrepreneurs do all of the following except own all the other resources. Thus, the correct answer is option B.
Who are Entrepreneurs ?An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavour. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. An entrepreneur plans for labour, capital, and resources.
Therefore, Own all the other resources is not a role of an entrepreneur.
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