List (from class material, the 3 focus points of economic studies. Describe (based on your own understanding) those 3 focus points. 1. ABC Det
Answers
The 3 focus points of economic studies from the class material are:
1. ABC Determinants
2. XYZ Factors
3. LMN Variables
Based on my understanding, these 3 focus points can be described as follows:
1. ABC Determinants: These are the essential factors that help in determining the behavior of an economy. They include elements such as supply and demand, production and consumption, and market structures. The study of these determinants allows economists to predict and explain economic fluctuations and growth.
2. XYZ Factors: These refer to external influences that can impact an economy, such as government policies, geopolitical events, and technological advancements. Understanding the XYZ factors is crucial for economists to evaluate the potential effects of these external factors on the overall economic performance.
3. LMN Variables: LMN variables are the measurable components that can be used to track economic progress and performance. Examples of these variables include Gross Domestic Product (GDP), inflation rate, and unemployment rate. Analyzing these variables helps economists and policymakers to make informed decisions for the betterment of the economy.
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The 3 focus points of economic studies are allocation, distribution, and utilization of resources.
1. Allocation: This focus point is concerned with how resources are allocated and distributed among different industries and sectors of the economy.
It examines how individuals, businesses, and governments make decisions about how to allocate resources, such as land, labor, and capital, in order to produce goods and services.
2. Distribution: This focus point is concerned with the distribution of income and wealth within society. It examines how income and wealth are distributed among individuals and households, as well as how government policies can affect income and wealth inequality.
3. Utilization: This focus point is concerned with how efficiently and effectively resources are used in the production of goods and services. It examines how different production processes and technologies can be used to maximize the use of resources, while minimizing waste and inefficiencies.
Overall, these three focus points of economic studies are interconnected and important for understanding how economies function and how resources are allocated, distributed, and utilized in society.
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Related Questions
sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. the accounts receivable turnover for year 2 (rounded to one decimal) was:
Answers
Sales for year 2 were $800,000. accounts receivable was $100,000 at the end of year 1 and $150,000 at the end of year 2. The accounts receivable turnover for year 2 was 6.4 times.
As,
Sales of year 2=$800,000
Accounts receivable = $100,000 + $150,000 = $2,50,000
So, $800,000 / (($2,50,000) / 2) = 6.4 times
Sales are activities related to the sale or quantity of goods sold during a certain period of time. A seller or supplier of goods or services engaged in a sale in response to acquisition, appropriation, requisition, or direct interaction with the buyer at the point of sale. There is a transfer of title to the item and a settlement of a price, where an agreement on a price takes place the transfer of ownership of the item.
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What would CRM software help you
do?
Answers
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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Performed services for $25,000 cash. Purchased land for $6,000 cash. Hired an accountant to keep the books. Received $50,000 cash from the issue of common stock. Borrowed $5,000 cash from State Bank. Paid $14,000 cash for salary expense. Sold land for $9,000 cash. Paid $10,000 cash on the loan from State Bank. Paid $2,800 cash for utilities expense. Paid a cash dividend of $5,000 to the stockholders.
Answers
Answer:
a.
1. Operating Activities (OA)
2. Investing Activities (IA)
3. Not Applicable (NA)
4. Financing Activities (FA)
5. Financing Activities (FA)
6. Operating Activities (OA)
7.Investing Activities (IA)
8. Financing Activities (FA)
9. Operating Activities (OA)
10. Financing Activities (FA)
b. Ending Cash Balance $60,200
Explanation:
a. To Indicate how each of the events would be classified on the statement of cash flows as OPERATING ACTIVITIES (OA), INVESTING ACTIVITIES (IA), FINANCING ACTIVITIES (FA), or NOT APPLICABLE (NA).
1. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
2. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)
3.Based on the information it these transaction will be classified as NOT APPLICABLE (NA)
4. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
5. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
6. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
7. Based on the information it these transaction will be classified as INVESTING ACTIVITIES (IA)
8. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
9. Based on the information it these transaction will be classified as OPERATING ACTIVITIES (OA)
10. Based on the information it these transaction will be classified as FINANCING ACTIVITIES (FA)
b. Preparation of a statement of cash flows for 2018. Assume All-Star Automotive Company had a beginning cash balance of $9,000 on January 1, 2018.
STATEMENT OF CASH FLOWS
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash receipts from revenue: $25,000
Less Cash payment for salary expense ($14,000)
Less Cash payments for utilities expense ($2,800)
Net cash flow from operating activities $8,200
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash from the sale of land $9,000
Less Cash paid to purchase land ($6,000)
Net cash flow from investing activities $3,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash receipts from stock issue $50,000
Add Cash receipts from loan $5,000
Less Cash payment on loan ($10,000)
Less Cash payments for dividends ($5,000)
Net cash flow from financing activities $40,000
Net increase in cash $51,200
($4,200+$3,000+$40,000)
Add Beginning cash balance $9,000
ENDING CASH BALANCE $60,200
Therefore the statement of cash flows for 2018 Ending Cash Balance is $60,200
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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PLEASE HELPP!!!! ASAP 50 POINTS WILL MARK BRAINLIEST
What is financing? (Select the best answer.)
Using a debit card to make purchases
Paying back debts
Using credit to pay for purchases
Reducing the principal of a loan
What might you do if you are unable to get a credit card? (Select the best answer.)
Stop accepting government assistance
Pay less attention to your bank balance
Make as many cash purchases as possible
Apply for a department store card
Answers
2.)stop accepting government assistance or apply for a department store card.
Don’t know for sure if these are correct but... Good luck
Since converting the firm's inventory to profits is a key function of management, firms use ______ to measure the effectiveness of management in utilizing the assets that are available.
Answers
The firms use financial performance to measure the effectiveness of management in utilizing the assets that are available.
What is financial performance?This is a term that is a measure of how well a firm is able to make use of its assets that are generated from its businesses and revenue generation.
It also is a measure of the financial health of a business over a period of time.
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If the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer?.
Answers
With the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
What is marginal cost?It should be noted that marginal cost simply means the extra cost that's incurred as a result of the additional output produced.
In this case, from the complete question, with the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
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how much does a 2/1 buydown typically cost on a conventional loan
Answers
The cost of a 2/1 buydown typically ranges from 1% to 3% of the loan amount.
A 2/1 buydown is a mortgage financing technique that allows a borrower to pay a lower interest rate for the first two years of a mortgage loan. The 2/1 buydown reduces the interest rate by two percentage points in the first year and by one percentage point in the second year before reverting to the original rate in the third year and thereafter.The cost of a 2/1 buydown typically ranges from 1% to 3% of the loan amount. The actual cost depends on the mortgage lender, loan size, and the buydown structure.
The buydown cost is typically paid at closing and can be either in cash or rolled into the mortgage loan amount. It's essential to remember that the cost of a 2/1 buydown is in addition to other closing costs associated with a mortgage loan.
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Allowing the movement of factors of production such as labor and capital across borders is a part of what stages of regional integration?
A customs union and an economic union
An economic union and a free trade area
A common market and an economic union
A free trade area and a customs union
Answers
The stages of regional integration that allow the movement of factors of production across borders are a common market and an economic union. Thus option C is correct
Allowing the movement of factors of production such as labor and capital across borders is a characteristic of two stages of regional integration: a common market and an economic union. A common market is a higher level of economic integration compared to a free trade area or a customs union.
In a common market, member countries eliminate barriers to the movement of goods, services, capital, and labor. This means that not only are tariffs and quotas reduced or eliminated, but restrictions on the mobility of labor and capital are also removed. Workers are allowed to move freely across borders to seek employment, and businesses can invest and operate in other member countries without significant barriers.
An economic union, on the other hand, goes beyond a common market by further integrating the economies of member countries. It involves harmonizing economic policies, such as fiscal and monetary policies, to create a single economic entity. In an economic union, there is a common currency, a central bank, and coordinated economic decision-making.
Therefore, the stages of regional integration that allow the movement of factors of production across borders are a common market and an economic union. Thus option C is correct
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enter information into accounting system means
Answers
Answer:
Answer:
Explanation:
These are the sales, cash receipts, cash disbursements, and purchases journals.
proceduresintegratedproceduresintegratedAnswerAnAnswerAn accounting system is a set of accounting processes with integrated procedures and controls. The intent of an accounting system is to record business transactions, summarize those transactions into an aggregated form, and create reports that can be used by decision makers to monitor, analyze, and improve operations.AnswerAnAnswerAnswerAnswer:
Explanation:
Some of the most famous and successful entrepreneurs, like Steve Jobs or Richard Branson, never finished or went to college. How do you think they managed to become so successful? Why doesn’t this work for everyone?
Answers
This, only came his way and his schedule. Having an idea to back you up that many people rely on (like the mop or TV) can be all sorts of useful and successful. If known how to market it right.
Most businesses fail because they fail to see the newer “trends,” like let’s say if it’s a clothing market.
Things are constantly changing and some people don’t want to keep up with that due to laziness.
College, is only important and really required for fields like medical services, engineering, and all related in that spectrum.
Self business is more reliant on how you execute it. Though, a degree can show you as a promising worker because your dedication to getting work done in a prime of 4 years.
what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
Which of these is considered the highest level of management?
A. Supervisor
B. Team member
C. Executive
D. Middle manager
Answers
C. The Executive. Hope that helps...
The Executive is considered the highest level of management. Option C is correct.
What is the management?Management may be described as the process of completing the job or activity necessary to achieve an organization's goals in an efficient and effective manner.
The process implies the management functions. This includes organizing, planning, staffing, directing, and controlling. A manager's responsibility is to offer common guidance and direction to individual efforts to achieve organizational goals.
Management contributes to increased corporate efficiency by increasing productivity via effective planning, organizing, controlling, and directing.
Therefore, option A is correct that The Executive is the most senior level of management.
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Prove you know what diminishing marginal utility is by creating an example of your own. Your example
cannot be food related.
Answers
Hi there, I'm not answering this question, sorry.
Your task clearly states you must think of your own example and prove what you know. That's why.
Please, if you're coming onto the Brainly website, at least improve your questions.
Two teams of students are preparing for a debate in their economics class. Each team will argue for an economic goal. Dave's team will start by focusing on a goal shared by all market economies having to do with trying to keep the cost of goods and services from changing. What term should Dave use to introduce the first goal he will be discussing during the debate?
Answers
Dave should use the term "price stability" to introduce the first economic goal he will be discussing during the debate.
What is the price stability goal?Price stability is the state in which a country's currency maintains purchasing power by maintaining low and stable inflation over the medium term (three to five years), as measured by the Consumer Price Index. Price stability does not mean that prices will not change. This means that prices are rising at a moderate pace.
What is the goal of price stability?A stable price ensures that money retains its value and helps people and businesses better plan their spending and investments. This helps the economy grow, creating jobs and wealth.
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suppose that several pizza shops close, decreasing the number of sellers. how would this affect the market for pizza?
Answers
The answer is A change in the price of pizza does not cause any change in the demand curve.
What does demand mean in plain terms?Demand simply refers to a consumer's willingness to pay the price for products and services without hesitation. The quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame is known as demand.
Which two primary demand categories are there?Demand comes in two flavors: independent and dependent. Demand for finished goods is independent demand because it is unrelated to demand for other products. Anything that is sold directly to a customer is considered a finished product.
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This graph shows the relationship between the amount of two products a
company can make. This is also known as a(n):
Product A
7
3
A
VO
39
Product B
OA. opportunity cost graph.
OB. capital investment model.
OC. projected annual growth plan.
OD. production possibilities curve.
QB
65
Answers
The graph which shows the relationship between the amount of two products a company can make is also known as a production possibilities curve. The Option D is correct.
What is the use of production possibilities curve in economics?The Production Possibilities Curve (PPC) is a model that illustrates the tradeoffs involved in allocating resources between the production of two goods. Scarcity, opportunity cost, efficiency, inefficiency, economic growth, and contractions can all be illustrated using the PPC.
Because the PPF is a curve based on two variables representing resources between two goods, the data can be manipulated to see how scarcity, growth, inefficiency, efficiency, and other factors affect production.
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Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?
O Distribution
O Generation
O Analysis
O Transmission
Answers
Answer:
For t
Explanation:
it will be analysis
Answer:
analysis
Explanation:
Helen is a part of a formal group made up of interdependent individuals responsible for
achieving company goals. This is known as an)
Answers
Answer:
work team
Explanation:
From the question, we are informed about Helen who was a part of a formal group made up of interdependent individuals responsible for achieving company goals. In this case , This is known as an work team.Work teams are regarded as groups of employees which put hands together in order to accomplish some tasks. They are usually efficient when different skills are needed to complete some task.
The new video game console from Kashikoi Games was just released for sale to the public. The console has been a huge success. Kashikoi Games makes the console available for purchase on their website and at TechMart and SmartShopper retail stores. In this scenario, which is the best example of a delivery system?
A, Kashikoi Games's website and the public sector
B. TechMart and the new console
C. The new console and Kashikoi Games
D. SmartShopper and Kashikoi Games's website
Answers
The best example of a delivery system in this scenario is D. SmartShopper and Kashikoi Games's website, as these are the channels through which the new video game console from Kashikoi Games is delivered to the consumers.
Explanation:In this scenario, the best example of a delivery system is D. SmartShopper and Kashikoi Games's website. These are the channels through which the product, the new video game console from Kashikoi Games, is delivered to the consumer. This means that these channels are part of the delivery system because they bridge the gap between the producer (Kashikoi Games) and the end user (the gamer). TechMart is another example of a part of the delivery system in this scenario.
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The world as we know it is at a halt. This fast-pacing planet and its success hungry people have been put on hold. With so much advancement in all sectors of science, we are still struggling to find an actual cure for this worldwide pandemic. People are stuck at home doing all the work that they would have to do in the outside world. Amidst all these negatives, a positive in this pandemic is the evolution of online platform. One of the stores that popped up in the crowd is Hot Pan, a groundbreaking cloud kitchen that sells pizza at doorstep until 4 am. Now answer the following,
f. How will you manage the wailing line? (1.5 Marks)
g. Figure out the required number of servers.
Answers
f. To manage the wailing line of Hot Pan, the following things can be done:1. The restaurant can send notifications to customers when their orders are ready.2. Hot Pan can offer online ordering services to reduce the time spent in queues.3. Hot Pan can provide self-order kiosks that can assist customers in placing orders and making payments quickly.
g. To figure out the required number of servers for Hot Pan, the following steps should be taken:Step 1: Determine the sales rate of pizzas per hour during peak hours. For example, if they sell 100 pizzas per hour during peak hours, this is the minimum number of servers they will need to have.Step 2: Determine the time it takes to make and deliver each pizza. For example, if it takes 10 minutes to make and deliver one pizza, then they will need at least 6 servers to handle 100 pizzas in an hour.Step 3: Adjust the number of servers based on the number of orders received during peak hours. If there is an increase in demand, more servers will be required to handle the orders efficiently.
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A call option on the stock of Bedrock Boulders has a market price of $7. The stock sells for $30 a share, and the option has an strike price of $25 a share. What is the exercise value of the call option? What is the option's time value
Answers
The time value of the call option is $2.
The exercise value of a call option is determined by the difference between the stock price and the strike price. In this case:
Exercise value = Stock price - Strike price
Exercise value = $30 - $25 = $5
Therefore, the exercise value of the call option is $5.
The time value of an option is calculated by subtracting the exercise value from the market price. In this case:
Time value = Market price - Exercise value
Time value = $7 - $5 = $2
Therefore, the time value of the call option is $2.
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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"Whenever Andrew considers upgrading his personal computer system, he consults with Jeremy, a knowledgeable friend who always has the newest technology. For Andrew, Jeremy is a(n) __________ in the diffusion of innovation curve."
Answers
Answer: innovator
Explanation:
From the question, we are informed that whenever Andrew considers upgrading his personal computer system, he normally consults with Jeremy, a knowledgeable friend who always has the newest technology.
Regarding the question, Jeremy is an innovator. An innovator is someone who has embraced new ideas and is always trying out new gadgets and technology.
Maximum profit can occur when marginal profit is zero. True O False
Answers
The statement "Maximum profit can occur when marginal profit is zero" is not entirely true. The correct answer is False.
What is Marginal profit?Marginal profit refers to the additional profit a company generates by producing one more unit of a product or providing one more service. Marginal profit is zero when the total cost of producing an additional unit of a product equals the total revenue earned from selling that unit of the product. The additional benefit that a company would get from producing one more unit would be equal to the additional cost of producing one more unit. Hence, the profit would not increase or decrease.
At that stage, the company is operating at the highest point of its production efficiency and producing beyond this point would result in decreasing profits. Therefore, at this point, the firm has reached its optimal capacity.
The maximum profit is obtained when the marginal cost is equal to marginal revenue. Therefore, the statement "Maximum profit can occur when marginal profit is zero" is not entirely true.
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can i doit without pay
Answers
Answer:
what?
Explanation:
on january 1, 2021, rupar retailers purchased $125,000 of anand company bonds at a premium of $8,000. the anand bonds pay 9% interest but were purchased when the market interest rate was 8% for bonds of similar risk and maturity. the bonds pay interest semiannually on june 30 and december 31 of each year. rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. in rupar's december 31, 2021, journal entry to record the second period of interest, rupar would record a credit to interest revenue of:
Answers
The second period of interest, rupar would record a credit to interest revenue of $ 4717.8
Option A is correct.
Journal entry:Purchase price of Bonds 117000 = 125000-8000
Semi-annual cash interest 5625 = 125000 × 9 %/2
Interest revenue for first period 4680 = 117 000 ×8%/2
Discount amortized for first period 945 = 5625 - 4680
Carrying value after first period 117945 = 117000+945
Interest revenue for second period 4717.8 = 117945 × 8%/2
Interest revenue:Money received from deposits or investments, as well as money borrowed, are all examples of sources of interest revenue. Interest revenue is a significant source of income for businesses that charge interest on loans, and it ought to be reported at the top of the income statement.
What kind of account is the revenue from interest?The Interest Revenues account tracks a company's interest earnings over the time period indicated in the income statement's heading on the accrual basis. Interest earned, regardless of whether it was received or billed, is included in the Interest Revenues account.
Question incomplete:on january 1, 2021, rupar retailers purchased $125,000 of anand company bonds at a premium of $8,000. the anand bonds pay 9% interest but were purchased when the market interest rate was 8% for bonds of similar risk and maturity. the bonds pay interest semiannually on june 30 and december 31 of each year. rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. in rupar's december 31, 2021, journal entry to record the second period of interest, rupar would record a credit to interest revenue of:
A. $ 4717.8
B.$ 4375
C. $ 4800
D. $ 5638
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Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answers
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment
Answers
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.Four Ways through which Schools can promote Entrepreneurship include the following
Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.What is Entrepreneurship ?Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.
Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.
Entrepreneurship brings about creativity and as such value is created which leads to more wealth.
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What should you do in the following scenario?
You are meeting with a colleague and within the conversation, the colleague talks about going to dinner with a client, holding hands, and seems to indicate he is thinking of pursuing a relationship.
Answers
Answer:
it seems kind of inappropriate to have a relationship with a client
Explanation: