why do entrepreneurs play a key role in a market system?
Answers
Entrepreneurs are important to the market economy as they can serve as the wheels of economic growth for the country. Creating new products and services creates new jobs and ultimately accelerates economic development.
Entrepreneurs are important to the market economy as they can serve as the wheels of economic growth for the country. Creating new products and services creates new jobs and ultimately accelerates economic development.
As India is a developing country, the importance of entrepreneurship is very high and entrepreneurs are inherently national assets. New business ventures enable new market growth and new wealth creation. Most importantly, jobs are created, a national priority, and income increases.
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Related Questions
Critical Thinking Questions
1. How are consumer buying decisions related to successful financial management?
2. What are some of the strategies that you currently use to make consumer buying decisions? Do you think your strategies are helping or hindering your financial plan? Why? Are there improvements that you could make in your buying decisions?
3. What are some of the ways to reduce your risk of becoming a victim of identity theft?
4. What are three different advertising techniques that sponsors use to encourage you to buy a product? Describe each technique.
5. What should you do if you are a victim of identity theft?
Answers
The way consumer buying decisions are related to successful financial management is If the consumer spends their money according to their financial plan it would be successful.
What is Consumer Decision?This refers to the decision that is taken by the customer about what to purchase and this affects demand and supply.
Hence, we can see that some strategies that can be used to make consumer buying decisions are:
Problem Recognition. ...Information Search. ...Evaluation of Alternatives. ...Purchase Decision. ...Purchase. ...Post-Purchase EvaluationRead more about consumer buying decisions here:
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what are the financial manager
Answers
Answer:
Someone who manages a companies finances/money.
Explanation:
Find the maximum profit and the number of units that must be produced and sold in order to yield the maximum profit. Assume that revenue, R(x), and cost, C(x), are in thousands of dollars, and x is in thousands of units. R(x) = 9x – 2x², C(x) = x2 – 5x² + 4x + 1 The production level for the maximum profit is about units. (Do not round until the final answer. Then round to the whole number as needed.)
Answers
To find the maximum profit and the corresponding production level, we need to determine the quantity that maximizes the difference between revenue and cost. The profit function, P(x), can be expressed as P(x) = R(x) - C(x).
Given that R(x) = 9x - 2x^2 and C(x) = x^2 - 5x^2 + 4x + 1, we can substitute these equations into the profit functionTo find the maximum profit, we need to find the vertex of the quadratic function. The x-value of the vertex can be determined using the formula x = -b / (2a), where a = 4 and b = 5.Now, substituting this x-value back into the profit function, we can find the maximum profit:Performing the calculations, we can find the maximum profit.The production level for the maximum profit corresponds to the x-value of the vertex, which is approximately -5/8 (or 0.625 when rounded to the nearest thousand units). Therefore, the production level for the maximum profit is about 625 units.
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Media reports have a tendency to try to present two opposing sides of an issue as though both sides were equally valid. what is this tendency called?
Answers
The tendency of media reports to present two opposing sides of an issue as though both sides were equally valid is called false balance or false equivalence.
False balance occurs when the media gives equal weight to both sides of an argument, even if one side has significantly more evidence or expert consensus supporting it. This can create a misleading perception that there is equal validity to both viewpoints when, in fact, there may be a clear consensus among experts on one side of the issue.
For example, let's say there is a debate on whether climate change is caused by human activities. The overwhelming scientific consensus is that human activities, such as burning fossil fuels, contribute to climate change. However, false balance would occur if the media presented the viewpoints of climate change deniers as equal to those of climate scientists, even though the scientific evidence overwhelmingly supports the role of human activities in climate change.
False balance can lead to confusion and misinformation among the public, as it fails to accurately reflect the weight of evidence and expert opinion on a given issue. It is important for media outlets to strive for accuracy and objectivity by accurately representing the consensus of experts when reporting on complex topics.
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The point at which birth and death rates balance is called
A Census growth
B Balancing growth
C zero population growth
Answers
Answer:
B balancing growth
Explanation:
Why is it important to have insurance?
It's important to have insurance so people can
protect themselves from losing a lot of money in
the event of an unpredictable event or something
happens to them or their property.
So individuals can defend against the possibility of
financial loss due to unpredictable event
So people can engage in risky behavior without
financial consequences
A and B
Answers
It's important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something that happens to them or their property. So individuals can defend against the possibility of financial loss due to unpredictable events. The correct options are a and b.
What is insurance?Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury.
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
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Why do interest groups tend to have greater influence over a state's foreign policies than the general public?
Answers
Interest groups tend to have greater influence over a state's foreign policies than the general public due to several reasons. Here are some key factors that contribute to this phenomenon:
1. Expertise and Knowledge: Interest groups often focus on specific policy areas and develop expertise and knowledge in those areas. They have a deep understanding of the issues at hand and can provide detailed analysis and recommendations to policymakers. Their specialized knowledge allows them to offer valuable insights and influence the decision-making process.
For example, a trade association representing businesses in the manufacturing sector would have a comprehensive understanding of international trade policies and their potential impacts on industries. This expertise makes them a valuable resource for policymakers when crafting foreign policies.
2. Financial Resources: Interest groups often have access to substantial financial resources that they can use to support their policy goals. They can hire lobbyists, conduct research, organize events, and launch media campaigns to advocate for their positions. This financial strength allows them to have a greater presence and influence in shaping foreign policies.
3. Organizational Structure: Interest groups are typically well-organized and have established networks of supporters and members. They can mobilize their members to take action, such as contacting legislators, attending rallies, or engaging in grassroots advocacy. This collective effort amplifies their influence and sends a clear message to policymakers about the level of public support for their positions.
4. Close Relationships with Decision-makers: Interest groups often cultivate close relationships with policymakers, such as members of Congress or government officials. They actively engage in lobbying efforts, providing campaign contributions, and offering valuable resources and expertise. These relationships enable interest groups to have direct access to decision-makers and have their voices heard when foreign policies are being formulated.
5. Lack of Public Attention: Foreign policy issues often receive less attention from the general public compared to domestic policy matters. This can be due to their complex nature, distance from immediate concerns, or limited media coverage. As a result, interest groups, with their focused attention on specific foreign policy areas, can fill the gap and influence policymakers without significant public scrutiny.
It is important to note that while interest groups may have greater influence over a state's foreign policies, their influence is not absolute or uncontested. Public opinion, media coverage, and other factors can also shape foreign policy decisions. Additionally, the influence of interest groups can vary depending on the political context and the specific issue at hand.
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Determining Missing Information Using the Accounting EquationUse your knowledge of accounting relations to complete the following table for Boatsman Company.2011 2012Beginning retained earnings $89,089 $AnswerNet income (loss) Answer 48,192Dividends 0 15,060Ending retained earnings 69,634 Answer
Answers
2011: Net income was $40,903 and ending retained earnings was $120,177. 2012: Beginning retained earnings was $69,634 and dividends were $15,060.
The accounting equation states that assets = liabilities + equity. Retained earnings are a component of equity, and can be calculated by subtracting dividends and net income (or adding net losses) from the prior period's retained earnings. By using the information given in the table, we can solve for the missing amounts. In 2011, the difference between beginning retained earnings and ending retained earnings is net income, so $120,177 - $89,089 = $40,903. In 2012, the difference between ending retained earnings and beginning retained earnings is net income minus dividends, so $69,634 - $15,060 = $48,192.
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Do you think consumer should be expected to take into account the ethical track record of companies when making a purchase why or why not
Answers
Businesses have an ethical duty to the people who use their products and services. Businesses that practice socially responsible business act in their consumers' best interests.
Briefing:-Profit, customer satisfaction, and societal well-being are all valued equally by businesses in how business is conducted.
Customers care about ethical products, but how much?More than 84 percent of poll participants stated that they would be prepared to forgo convenience (such as slower delivery) in exchange for a good if they knew it had been manufactured or obtained ethically.
Why is studying consumer ethics important?Researching consumer ethics is essential to completely comprehending the forces that shape consumer behavior.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
The shift from Corporate Planning to Strategy-Making implies: a. From the sources of profit outside the firm to the sources of profit within the firm b. To the Resource-based view of the firm c. Both a and b d. From the structure-based approach to the value-added perspective
Answers
The shift from Corporate Planning to Strategy-Making implies a move away from the traditional structure-based approach to a more value-added perspective.
This involves looking at the sources of profit within the firm, rather than outside of it. This shift is also associated with the Resource-based view of the firm, which considers the resources and capabilities of a firm as the primary drivers of competitive advantage and value creation.
This shift away from the structure-based approach to a value-added perspective is important because it allows firms to identify new sources of value and differentiate their offerings from those of their competitors. Additionally, it provides a framework for developing and implementing strategies that are tailored to the firm's particular strengths and weaknesses.
Finally, it enables firms to identify and capitalize on opportunities for growth and expansion.
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Started onTuesday, 22 June 2021, 3:32 PMStateFinishedCompleted onTuesday, 22 June 2021, 3:33 PMTime taken1 min 34 secsGrade8.00out of 10.00 (80%)If contributed capital = $3,600, retained earnings = $18,800,total liabilities = $36,000, and liabilities and equity = $58,400,what is the value of total assets?Select one:
a. $54,800
b. $7,200
c. $58,400
d. $22,400
Answers
The value of total assets is $54,800, (a)..
the value of total assets is $54,800.
to find the value of total assets, we can use the basic accounting equation:
total assets = total liabilities + equity
given that total liabilities are $36,000 and liabilities and equity are $58,400, we can subtract the total liabilities from the liabilities and equity to find the value of equity:
equity = liabilities and equity - total liabilities
equity = $58,400 - $36,000equity = $22,400
now, to calculate the value of total assets, we add the equity to the contributed capital and retained earnings:
total assets = contributed capital + retained earnings + equity
total assets = $3,600 + $18,800 + $22,400total assets = $54,800
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the common stock of jacey home store sells for $38.42 per share. the stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter. what is the market rate of return on this stock?
Answers
Option-D "8.69%" is correct.
Calculate the rate of return on the stock using the following formula:
Rate of return Dividend year-1 Current stock price + Growth rate
$1.80 = +0.04
$38.42
= 0.0469+0.04
= 0.0869 or 8.69%
Therefore, the market rate of return on the stock is 8.69%.
In finance, stock (also capital stock) includes all of the shares by way of which possession of a organisation or organisation is split.[1] (specifically in American English, the phrase "stocks" is likewise used to consult stocks.)[1][2] A unmarried share of the inventory approach fractional possession of the business enterprise in proportion to the full range of stocks. This typically entitles the shareholder (stockholder) to that fraction of the company's income, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt),[3] or vote casting energy, frequently dividing these up in share to the quantity of cash every stockholder has invested.
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Which characteristic of the U.S. free enterprise system creates the incentive to work, save,
and invest?
A. Social Security system
B. Voluntary exchanges
C. Private property ownership
D. Consumer sovereignty
Answers
Answer:
option c
C. Private property ownership
C. Consumer sovereignty
Warren peace bookstore issues a note with no stated interest rate in exchange for a building. in accounting for the transaction:
Answers
Answer:
the options are missing, so I looked for them.
the options are:
The note is recorded at its face amount unless the fair value of the building is readily available. The building should be depreciated over the note’s term to maturity. Both the note and building are recorded at the fair value of the note or the fair value of the building, whichever is more clearly determinable. If fair values of the note and building are unavailable, the note should be recorded at its face amount.The correct answer is:
4. If fair values of the note and building are unavailable, the note should be recorded at its face amount.
Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding through a new stock issue. She would like to inform her investors about this development. What would Catherine use to inform investors about this development in her company?
Catherine would use to inform investors about the development in her company.
Answers
Answer:
Newsletter on website and social media platforms. Email to investorsExplanation:
In order to reach as many of her investors as possible, Catherine can write up a news update or newsletter explaining the change to her investors and then post it on the company website. She should also post it to their social media platforms as an increasing number of people check these as opposed to websites.
In the event that her investors are not public but rather private, Catherine would have would have their contact details such as email. She can therefore send the update to their email addresses. This will increase the chances of the investors seeing it.
Answer: Direct mail
Explanation: Direct mail enables an advertiser to reach target customers through mail, thereby making it a selective and specific medium. Media vehicles in direct mail include manuals, booklets, catalogues, newsletters, invitations, posters, coupons, and charts. To send out mailers, however, an advertiser needs to have an updated list of target contacts. Direct mail is a cheap advertising medium, and its advantage is that mailers can contain a lot of information. It also includes a feedback option in the form of reply cards to prompt customers to respond.
4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did you make sure you are healthy? If you answer no to any of these questions.. please get some to food, water, fresh air or even time to chill. Please take care of yourself! Bye! :)
Answers
Answer:
I ate an egg sandwich. I drank some water. I went outside for a short walk.
Explanation:
Thanks for asking :)
This spreadsheet was created to track the money different employees earned in bonuses. The creator used
numbers and formulas to make the document efficient so that it could change as the bonus amounts changed.
What is most likely appears in the formula bar when B6 is selected?
A $total
B $112
C=MAX(B2:B5)
D =AVERAGE(B2:B5)
Answers
The formula that most likely appear in the formula bar of the spreadsheet when B6 is selected is =AVERAGE(B2:B5). Thus, the correct answer is option (D).
What is a spreadsheet?A spreadsheet is a computer programme for organizing, calculating, and storing data in tabular form. Spreadsheets were created as digital counterparts to traditional paper accounting spreadsheets.
The central tendency of a bunch of numbers in a statistical distribution—which is where the center is located—is measured by the AVERAGE function. The following are the top three central tendency measures:
Average: The arithmetic mean is determined by adding a collection of integers, dividing by their count, and then taking the result.The middle number in a set of numbers is called the median. The values of half the numbers are higher than the median while the values of the other half are lower than the median.The number that appears the most frequently among a set of numbers is the mode.Therefore, option D is correct.
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Which points are most efficient for the utilization of resources on a production possibilities diagram?
A. points along the curve
B. points inside the curve
C. points at the two intercepts of the curve
D. points outside the curve
Answers
Answer- A. point along the curve
El Niro Inc. is automating processes so the company can meet its demand with a smaller workforce. The CEO asks Megan, the vice president of human resources, for advice on how to address the resulting labor surplus. Megan studies the workforce and observes that many employees are in their 50s and 60s. Furthermore, these employees are the highest-paid workers in every job category. Based on this information, what should Megan suggest as the most effective way of addressing El Niro's labor surplus?
Answers
Answer:
Since the highest paid employees are over age 40, they cannot be simply fired since that would represent age discrimination at work, which is strictly prohibited by the Age Discrimination in Employment Act (ADEA).
But Megan can offer different type of early retirement incentives to these employees so that they retire by their own will, e.g. pay them 1 or 2 weeks salary for every year that they worked for the company, age credits so that the employees can benefit from a pension plan, etc.
Two nations, Mars and Venus, each produce food and clothing. The table gives points on each nationâs PPF. The asterisks indicate their current point of production. Which of the following statementsis correct based on the concept of comparative advantage?
Mars Venus
Food Clothing Food Clothing
0 30 0 40
2 24 4 32
4 18 8 24
5 12 12 16
8 6 16 8
10 0 20 0
a. Mars and Venus should continue producing the quantities indicated by the asterisks.
b. Mars should specialize in the production of food.
c. Mars should specialize in the production of clothing.
d.Venus has the comparative advantage in clothing.
e. Mars has an absolute advantage in the production of food.
Answers
Answer:
The correct option is;
c. Mars should specialize in the production of clothing
Explanation:
The given table can be presented as follows;
Mars\({}\) \({}\)Venus
Food \({}\) Clothing Food \({}\) Clothing
0 \({}\) 30 0 \({}\) 40
2 \({}\) 24 4 \({}\) 32
4 \({}\) 18 8 \({}\) 24
5 \({}\) 12 12 \({}\) 16
8 \({}\) 6 16 8
10 0 20 \({}\) 0
From the attached chart as produced in Excel, the trend lines and their equation for Mars and Venus can be seen
The relationship between Clothing, y and Food, x production for Mars is given as follows;
y = -3·x + 30
The relationship between Clothing, y and Food, x production for Venus is given as follows;
y = -2·x + 40
Therefore since a given decrease in food production results in a higher increase in Cloth production for Mars than for Venus, Mars should specialize in the production of clothing.
True or False, suppose that $600 is deposited at the end of every year into an account paying interest of 7% per year. at the end of twelve years the account will be worth approximately $8,944
Answers
True, if $600 is deposited at the end of every year into an account paying interest of 7% per year, at the end of twelve years the account will be worth approximately $8,944.
What is Future Value?
Future value is the value of an item computed on a given value at a given specific interest rate after a specific number of years. It is constantly rising, and when it is falling, it is referred to as a depreciating value.
We can calculate the value of the account after twelve years by using the formula for the future value of an annuity:
FV = PMT × [(1 + r)n – 1]/r. Therefore, FV = $600 × [(1 + 7%)12 – 1]/7%. FV = $8,944 (rounded to the nearest dollar). Therefore, if $600 is deposited at the end of every year into an account paying interest of 7% per year, at the end of twelve years the account will be worth approximately $8,944.
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Ronaldo wants to determine if employees would prefer having bagels or donuts at morning meetings. Which method would be best to collect this information?
A. Observation
B. Report
C. Survey
D. Database
Answers
Ronaldo wants to determine if employees would prefer having bagels or donuts at morning meetings. Option C. Survey is the best choice for collecting this information.
The best method to collect information about employee preferences for having bagels or donuts at morning meetings is a survey. A survey can be designed to ask employees directly about their preferences and gather quantitative data that can be analyzed to determine the most popular option.
By designing a survey specifically focused on the bagel or donut preference, Ronaldo can distribute it to the employees and ask them to indicate their choice. Surveys can be administered in various formats, such as online questionnaires, paper-based forms, or even through email.
Surveys offer several advantages in this scenario. They allow for a large sample size, ensuring a broader representation of employee preferences. Additionally, surveys provide anonymity, allowing employees to express their honest opinions without fear of judgment or bias. The data collected can be easily quantified and analyzed, providing clear insights into the overall preference of the employees.
While observation (option A) could potentially provide some insights, it might not accurately capture individual preferences and could be subject to interpretation. Reports (option B) and databases (option D) are not appropriate methods for collecting employee preferences as they are more suited for analyzing and storing existing data rather than gathering new information.
Therefore the correct option is C. Survey
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The _____ shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.
Answers
The graduation rate shows how long the average student takes to earn a degree and this can be helpful in determining the return on investment at different institutions.
A graduation rate is an indicator of the proportion of students who started in the same batch and completed their studies in six years for four-year programs or three years for two-year programs. This statistic reveals the proportion of students who enrol who eventually complete their degrees. By using an annual cohort of students or, for underage students with disabilities, by the age of 21, the graduation rate is calculated as the proportion of students who graduated from high school within four years of their first admission into the ninth grade. Graduation rates of 90% are frequently maintained by elite universities. As an illustration, Harvard's graduation rate is 98%, whereas Yale's is 97%.
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the smith family lives in the same community where topico has its corporate offices. The smiths are ____________ of Topico.
a. customers
b. secondary stakeholders
c. primary stakeholders
d. creditors
Answers
The smith family resides in the same neighbourhood as topico's corporate headquarters. The Smiths are Topico's secondary shareholders. Hence option 'b' is correct.
Who is a stakeholder?A stakeholder is an individual, group, or organisation with a direct or indirect financial interest in a project, business, or organisation. Stakeholders may be affiliated with the organisation in in which they hold a stake or they may not.
What function does a stakeholder serve?A stakeholder's primary duty is to contribute their knowledge and perspective to such a program in order to help the organisation realise its strategic objectives. They are also able to supply the supplies and resources required. Their support is necessary for a project to be successful.
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Which statement is true?
1. bank interest lower than inflation means more purchasing power.
2. Nominal rates are an accurate figure of purchasing power.
3. Real interest measures the power of the saved money.
4. Real interest is the rate quoted in loan and deposit agreements.
Answers
3. Real interest measures the power of the saved money. This statement is true.
What is real interest rate?
A loan's or deposit's interest rate that has been prorated for inflation is known as the real interest rate. It indicates the actual rise in buying power brought about by an investment after taking inflation into account. Subtracting the rate of inflation from the nominal interest rate yields the real interest rate. For instance, the actual interest rate would be 1% (3% - 2%), if a savings account pays 3% interest and the rate of inflation is 2%.
After accounting for inflation, this indicates that the savings account's buying power has grown by 1%. Inflation-related buying power loss is shown by a negative real interest rate, whereas a growth in purchasing power is indicated by a positive real interest rate. In other words, the real interest rate, which accounts for the effects of inflation, gives a more realistic picture of the underlying return on an investment or the true cost of borrowing.
Real interest rate is the nominal interest rate adjusted for inflation, and it reflects the true increase in purchasing power resulting from an investment. A positive real interest rate indicates that an investment has increased purchasing power, while a negative real interest rate means the investment has lost purchasing power due to inflation.
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How can a diverse economy like the United States, satisfy the needs of its consumers?
Answers
Answer:
Supply and Demand
Explanation:
Economics question: What is the market structure for amazon prime?
Answers
Amazon Prime operates in a monopolistic competition market structure. This means that while there are other competitors in the market, Amazon Prime has a unique set of features and benefits that differentiate it from its competitors, such as free and fast shipping, access to a large collection of music and movies, and exclusive discounts.
However, Amazon Prime is not a monopoly as it faces competition from other similar services such as Walmart+, Target Circle, and Costco memberships. This market structure creates a dynamic environment for Amazon Prime, where it must continually innovate and improve its services to remain competitive.
Additionally, this market structure provides consumers with a variety of options and allows for a healthy level of competition among similar services.
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