The effective rate of interest with a quoted interest rate and a compensating balance, we need to consider the impact of the compensating balance on the loan proceeds.
Quoted interest rate = 5%
Compensating balance = 8%
Loan proceeds amount = $150,000
The compensating balance is the portion of the loan amount that the lender requires the borrower to keep on deposit as a condition of granting the loan. In this case, the compensating balance is 8%.
To calculate the effective rate of interest, we need to adjust the interest rate to reflect the reduced loan proceeds amount. The formula to calculate the effective rate of interest is as follows:
Effective Rate of Interest = (Quoted Interest Rate) / (1 - Compensating Balance)
Effective Rate of Interest = 5% / (1 - 8%)
Effective Rate of Interest = 5% / (1 - 0.08)
Effective Rate of Interest = 5% / 0.92
Effective Rate of Interest ≈ 5.43%
Therefore, with a quoted interest rate of 5% and an 8% compensating balance, the effective rate of interest on a $150,000 loan proceeds amount is approximately 5.43%. This reflects the adjusted interest rate based on the reduced loan amount due to the compensating balance requirement.
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Where is the row selector located in Datasheet view?
above the top row of data
below the last row of data
to the left of the leftmost data
to the right of the rightmost data
Answer:
to the left of the leftmost data
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
A Datasheet view is simply the rows and columns of data in a table that are being displayed in database software application such as Microsoft Access and Excel.
In DBMS, rows are numbered numerically as 1, 2, 3, 4, 5, etc. from top to bottom while columns are labeled alphabetically as A, B, C, D, E, etc. from left to right. Thus, a row is the horizontal arrangement of cell while column is the vertical arrangement of cell in a spreadsheet (table of cells).
Generally, the row selector is located to the left of the leftmost data in Datasheet view.
Answer:
c
Explanation:
A difference between workplace diversity and affirmative action is that: Question 26 options: unlike diversity programs, organizations that pursue affirmative action programs do so voluntarily. affirmative action guarantees diversity, whereas diversity does not guarantee affirmative action. organizations cannot achieve diversity without affirmative action, whereas affirmative action can take place without diversity. affirmative action is required by law for private employers with fifty or more employees, whereas diversity is not.
Answer:
affirmative action is required by law for private employers with fifty or more employees, whereas diversity is not.
Explanation:
Affirmative actions are steps taken to increases the representation of underrepresented groups in the workplace, school or government. The purpose of affirmative action is to reduce discrimination.
affirmative action came into prominence in the 1960s with the Civil Rights Acts of 1964
Diversity is a voluntary process. It is the measures taken to accept minority groups
An institution might take affirmative actions but may not be diverse.
An institution might be diverse without taking affirmative actions .
Affirmative action does not guarantee diversity. Affarmative action require
Drag the tiles to the correct boxes to complete the pairs.
Match the steps and techniques involved in the production process with their definitions.
planning
scheduling
Gantt chart
allocating time for each step of the process
documenting the time required for each task
creating the best route for a process to follow
Reset
Next
Matching the steps and techniques involved in the production process with their definitions is as follows:
Techniques DefinitionsPlanning Creating the best route for a process to follow.
Scheduling Allocating time for each step of the process.
Gantt chart Documenting the time required for each task.
What is the production process?The production process involves the combination of economic resources (raw materials, labor, capital, and entrepreneurship) to produce goods and services.
The production process also involves the marketing and distribution of manufactured goods to consumers.
Thus, planning creates the best production processes, scheduling allocates time and other resources to the processes, while a Gantt Chart is used to document the time for each task.
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Sakda said to his employee, Kurt, "You should work harder so the employees who have been here a long time will like you." This statement likely fostered nondefensive communication from Kurt.
"Sakda said to his employee, Kurt, "You should work harder so the employees who have been here a long time will like you." This statement likely fostered nondefensive communication from Kurt." The statement is False. Option B
Who is an employee?Generally, Someone who works for another person or organization in exchange for monetary compensation is referred to as an employee. To be deemed employees, workers just need to be paid by their employer, regardless of the number of hours they put in. Full-time employment is not required (the person or business that pays them).
A person, business, or organization that hires workers and compensates them for their efforts is known as an employer. Workers who are compensated monetarily for their efforts are referred to as employees.
Statements that are controlling, strategic, or evaluative are examples of antecedents that lead to defensiveness.
In this instance, Sakda was using language that was authoritarian and judgemental, which was very likely to provoke an aggressive reaction from Kurt.
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CQ
TRUE/FALSE: Sakda said to his employee, Kurt, "You should work harder so the employees who have been here a long time will like you." This statement likely fostered nondefensive communication from Kurt.
Hanson Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made.
1. The purchase of supplies for $650 cash was debited to Equipment $210 and credited to Cash $210.
2. A $500 withdrawal of cash for B. Hanson's personal use was debited to Salaries and Wages Expense $900 and credited to Cash $900.
3. A payment on account of $820 to a creditor was debited to Accounts Payable $280 and credited to Cash $280.
Prepare the correcting entries.
1. The supplies purchase of $650 cash incorrectly debited to Equipment ($210) and credited to Cash ($210). The correcting entry debits Supplies for $440 and credits Cash for $440.
2. The $500 cash withdrawal for personal use incorrectly debited to Salaries and Wages Expense ($900) and credited to Cash ($900). The correcting entry debits B. Hanson, Drawing (or Owner's Withdrawal) for $500 and credits Cash for $500.
3. The $820 payment on account incorrectly debited to Accounts Payable ($280) and credited to Cash ($280). The correcting entry debits Accounts Payable for $540 and credits Cash for $540.
Here's an explanation of the correcting entries made to rectify the errors made by the inexperienced accountant:
1. The first error occurred when the accountant incorrectly debited the purchase of supplies to the Equipment account instead of debiting it to the Supplies account. To correct this, the Supplies account needs to be debited for the correct amount of $440 (the original purchase of $650 minus the incorrect debit of $210). Additionally, the Cash account needs to be credited for the same amount of $440 to reflect the cash payment made for the supplies.
2. The second error was made when the accountant incorrectly debited the cash withdrawal for personal use to the Salaries and Wages Expense account. To correct this, the appropriate account to debit is B. Hanson, Drawing (or Owner's Withdrawal), for the amount of $500, representing the withdrawal of cash for personal use. The Cash account needs to be credited for the same amount of $500 to reflect the reduction in cash due to the withdrawal.
3. The third error occurred when the accountant incorrectly debited the payment on account to the Accounts Payable account. To correct this, the Accounts Payable account needs to be debited for the correct amount of $540 (the original payment of $820 minus the incorrect debit of $280). The Cash account needs to be credited for the same amount of $540 to reflect the cash payment made to the creditor.
By making these correcting entries, the errors in the original journal entries are rectified, and the accounts will now reflect the accurate and appropriate transactions. It is essential to promptly correct these errors to ensure the accuracy of the financial records and financial reporting of the company.
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Which of the following factors, if any, is not a characteristic of independent contractor status? a.Workplace fringe benefits are not available. b.Services are performed for more than one party. c.Work-related expenses are reported on Schedule A (Form 1040). d.Receipt of a Form 1099 reporting payments received. e.None of these choices are correct.
Answer:
c. Work-related expenses are reported on Schedule A (Form 1040).
Explanation:
An independent contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.
This ultimately implies that, an independent contractor is a non-employee of the organization he provides services or work for. Some examples of independent contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.
Hence, reporting work-related expenses on Schedule A (Form 1040) is not a characteristic of independent contractor status.
However, independent contractors are required by law to report income and expenses on Schedule C (Form 1040) and report all their profits or losses on Schedule E (Form 1040) in the United States of America.
Additionally, an independent contractor status suggests that workplace fringe benefits are not available, services are performed for more than one party and must have receipt of a Form 1099 reporting payments received.
Companies that fail to identify needs risk which of the following?
A. loss of customers
B. wasteful spending
C. increasing interest
D. increasing debt
Answer:
A. Loss of customers
Explanation:
1000 percent.
Prepare a dialogue on the topic Possibitics of Rural Tourism in Nepal "
...Sky-Dive... creates new social and economic opportunities, awareness, improve the quality of rural life, and promote sustainable development of communities.
uring 2021, kim sold the following assets: stock investment for a $2,000 gain, and pleasure yacht for a $2,000 loss. presuming adequate income, how much of these losses may kim claim in 2021? $0 $1,000 $3,000 $2,000 $4000
Total $0 kim claim in 2021
It is important to note that Kim can only claim losses for business related
losses not personal
losses.business losses = $ 2000(yacht)= $ 2000
Therefore, Kim can only claim $0
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Assuming control of a corporation would be hardest to obtain if the firm uses which type of voting?
The correct answer is Cumulative voting
is the procedure followed when electing a company's directors.
What is Cumulative voting?
Cumulative voting could be a voting framework utilized by organizations that permit shareholders to vote proportionately to the number of offers they hold. This permits a shareholder with 100 offers to cast the comparable of 100 votes toward any single issue.Assume numerous candidates are being considered for different positions, such as board seats. In that case, each shareholder has the alternative of setting all of their votes toward one situate amid decisions or toward one choice when voting on other things. Be that as it may, the shareholder can moreover select to part his votes over numerous alternatives.To know more about Cumulative voting visit:
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True or False: The income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The given statement is true becasue the income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The income statement is a financial statement that summarizes a company's revenues and expenses over a specific period of time, usually a quarter or a year. It shows the company's profitability by subtracting expenses from revenues. If the result is a positive number, the company is making a profit, and if the result is negative, the company is experiencing a loss.
The income statement is a critical financial statement that helps investors, creditors, and management evaluate the company's performance and financial health.
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hinguys im back!!!
folloe nyo ko pingay ko points ko sa inyo
dont forget folloe
Answer:
hii have a great day ahead tq for the points
which of the following challenges facing hr is related to technology becoming more prevalent in many previously unskilled environments? a. shifts in industries/retraining b. baby boomer retirements c. decreased employee loyalty d. differing benefits preferences
A. Shifts in industries/retraining is the challenge related to technology becoming more prevalent in many previously unskilled environments.
As technology advances, many unskilled jobs are becoming automated, so employees must be retrained in order to remain employable. This can be a daunting and expensive task for employers, as it may require significant investments in employee training and development for certain industries. Additionally, some employers may have difficulty finding qualified workers to replace those who are retiring or being made redundant due to automation.
This creates a wide range of challenges for human resources departments. They must decide how to best allocate resources towards retraining, and find the most cost effective ways to do so. Companies may need to consider new sources of labour, such as contract workers or offshore staff, in order to remain competitive and meet staffing requirements. Additionally, they must ensure compliance with relevant legislation and regulations, while providing a safe and equitable working environment. Furthermore, they must also consider how to ensure that their retraining initiatives are both effective and cost-efficient. HR departments will also need to ensure a smooth transition for those employees who are being retrained, as well as for those who are entering the workforce for the first time.
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The difficulty associated with technology becoming more prevalent in many previously unskilled environments is shifting in industries and retraining. In this case, option A is correct
Many low-skilled jobs are becoming automated as a result of technological advancements, so workers must retrain in order to stay employable. Due to the potential need for significant investments in employee training and development for some industries, this can be a challenging and costly task for employers. Additionally, some employers might have trouble replacing those who are retiring or losing their jobs as a result of automation with qualified workers.For human resources departments, this poses a variety of difficulties. They must choose how to best allocate funds for retraining and identify the most economical strategies for doing so. Companies might need to think about new labor sources.To learn more about human resources departments click below:
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Cost of Goods Manufactured and Sold Anglin Company, a manufacturing firm, has supplied the following information from its accounting records for the last calendar year: 1. Prepare a cost of goods manufactured statement. 2. Prepare a cost of goods sold statement. Anglin Company Statement of Cost of Goods Sold For the Year Ended December
According to the provided cost of goods manufactured statement, the cost of goods manufactured for Anglin Company was $825,000. Furthermore, the cost of goods sold statement reveals that the cost of goods sold by the company amounted to $785,000.
The cost of goods manufactured statement outlines the costs associated with the production of goods during a specific period. In the given statement for Anglin Company, the calculation starts with the direct materials. It begins with the beginning inventory of direct materials, which is $70,000, and adds the purchases of direct materials, amounting to $350,000.
This gives a total direct materials available for use of $420,000. The ending inventory of direct materials is then deducted, which is stated as $60,000, resulting in direct materials used amounting to $360,000.
Next, the direct labour cost is provided separately, which is $300,000. Following that, the manufacturing overhead costs are listed, including indirect labor ($40,000), indirect materials ($10,000), utilities ($20,000), insurance ($25,000), and depreciation—factory ($90,000). The total manufacturing overhead is calculated to be $185,000.
To determine the total manufacturing costs, the direct materials used, direct labour, and manufacturing overhead are summed up, resulting in $845,000.
Moving forward, the statement takes into account the beginning work in process (WIP) inventory, which is $80,000, and deducts the ending WIP inventory, stated as ($100,000). This gives the cost of goods manufactured as $825,000.
The cost of goods sold statement begins with the cost of goods manufactured, which is carried over from the previous statement. Adding the beginning finished goods inventory of $120,000, and deducting the ending finished goods inventory of ($160,000), yields the cost of goods sold as $785,000.
Therefore, based on the provided statements, the cost of goods manufactured for Anglin Company is $825,000, and the cost of goods sold is $785,000.
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'Money is what money can buy' and 'Money is that which money does'.
Would you say the two statements above mean the same thing or are similar in any form ?
Give reason for your answer.
Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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An investor purchased a bond classified as a long-term investment between interest dates at a discount. at the purchase date, the carrying amount of the bond is more than:_________
An investor purchased a bond classified as a long-term investment between interest dates at a discount. at the purchase date, the carrying amount of the bond is more than the cash paid to seller (No) and face amount of bond (No).
What is investment?An investment can be defined as a method used in creating more wealth or income.
So therefore, an investor purchased a bond classified as a long-term investment between interest dates at a discount. at the purchase date, the carrying amount of the bond is more than the cash paid to seller (No) and face amount of bond(No).
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Consider a trader who takes a long position in a six-month futures contract on the euro. The forward rate is $1.75 = €1.00; the contract size is €62,500. At the maturity of the contract the spot exchange rate is $1.65 = €1.00.
a. The trader has lost $625.
b. The trader has lost $6,250.
c. The trader has made $6,250.
d. The trader has lost $66,287.88
Consider a trader who takes a long position in a six-month futures contract on the euro. The forward rate is $1.75 = €1.00; the contract size is €62,500. At the maturity of the contract the spot exchange rate is $1.65 = €1.00. The correct option is "d. The trader has lost $66,287.88."
In this scenario, the trader takes a long position in a futures contract on the euro, which means the trader agrees to buy euros at a specified price in the future. The forward rate is $1.75 = €1.00, and the contract size is €62,500. At the maturity of the contract, the spot exchange rate is $1.65 = €1.00.
To calculate the trader's loss, we need to compare the forward rate with the spot exchange rate. The difference between the two rates multiplied by the contract size will give us the loss.
The difference between the forward rate and the spot exchange rate is $1.75 - $1.65 = $0.10. Multiplying this by the contract size of €62,500 gives us $0.10 * €62,500 = $6,250.
However, since the trader takes a long position, the loss is incurred by the trader. Therefore, the trader has lost $6,250.
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Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting
Answer:
4,750
Explanation:
Calculation for How many additional votes are required to guarantee a seat on the board
First step is to Calculate for STRAIGHT VOTING
Using this formula
Additional Votes= ((Shares of stock outstanding/2)+1)
Let plug in the formula
Additional Votes=((28,500/2)+1)
Additional Votes=14,251
Second step is to calculate for CUMULATIVE VOTING
Using this formula
Additional Votes= ((Shares of stock outstanding/(Number of seats +1))+1)
Let plug in the formula
Additional Votes=((28,500/(2 +1))+1)
Additional Votes=9,501
Last step is to calculate How many additional votes are required
Using this formula
Additional votes =STRAIGHT VOTING additional vote-CUMULATIVE VOTING additional Votes
Let plug in the formula
Additional votes = 14,251-9,501
Additional votes = 4,750
Therefore How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting is 4,750
Which method of obtaining personal information involves breaking into personal devices to steal information?
Group of answer choices
Dumpster diving
Hacking
Shoulder surfing
Phishing
The Phishing method of obtaining personal information involves breaking into personal devices to steal information.
The phishing is a type of attacks occur through a number of different mediums including cell phone messages, internet social networks, emails, standard mail and text messages.
The phishing is the fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information such as passwords and bank account details like credit card number.
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Your ________ is a concise communication of your strategy including your business definition and your competitive advantage.
A) Mission statement
B) Target market analysis
C) Values statement
D) Business plan
E) SWOT analysis
Your mission statement is a concise communication of your strategy, including your business definition and your competitive advantage. The correct option is A.
It is a brief statement that describes the purpose and core values of your organization, serving as a guide for decision-making and strategy development.
A well-crafted mission statement clarifies your company's direction, target market, and competitive advantage, while also inspiring your employees and stakeholders to achieve your organization's goals.
To create an effective mission statement, consider the following steps:
1. Define your company's purpose.
2. Identify your target market.
3. Outline your unique selling proposition or competitive advantage.
4. Keep it short and memorable.
5. Make sure it aligns with your company's values and long-term goals.
Remember to review and update your mission statement periodically as your business evolves.
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content loaded
Your ________ is a concise communication of your strategy including your business definition and your competitive advantage.
A) Mission statement
B) Target market analysis
C) Values statement
D) Business plan
E) SWOT analysis
4. What is the law of demand?
Answer:
The law of demand states that quantity purchased varies inversely with price. In other words, the higher the price, the lower the quantity demanded. This occurs because of diminishing marginal utility.
The maintenance expense on a machine is expected to be $2,000 during the first year and to increase $400 each year for the following five years. What present sum of money (approximately) should be set aside now to pay for the required maintenance expenses over the five-year period? (Assume 7% compound interest per year
To calculate the present sum of money that should be set aside to pay for the required maintenance expenses over the five-year period, we can use the concept of present value. The present value is the current worth of a future sum of money, taking into account the time value of money.
Given that the maintenance expense is expected to be $2,000 in the first year and increase by $400 each subsequent year, we can calculate the total maintenance expenses for the five-year period as follows:
Year 1: $2,000
Year 2: $2,000 + $400 = $2,400
Year 3: $2,400 + $400 = $2,800
Year 4: $2,800 + $400 = $3,200
Year 5: $3,200 + $400 = $3,600
To find the present value, we need to discount these future expenses to their present value using the compound interest rate of 7% per year. Here's how we can calculate it step by step:
1. Calculate the present value of each year's maintenance expense by dividing it by (1 + interest rate) raised to the power of the number of years. For example, the present value of Year 1's expense is $2,000 divided by (1 + 0.07)^1.
2. Repeat this calculation for each year's expense, increasing the number of years by one each time.
3. Sum up all the present values calculated in step 2 to find the total present value.
4. This total present value represents the amount of money that should be set aside now to pay for the required maintenance expenses over the five-year period.
In conclusion, the approximate present sum of money that should be set aside now to pay for the maintenance expenses over the five-year period is the total present value calculated in step 3. The actual calculation may vary based on the specific values provided in the question.
Note: The answer may contain more than 100 words due to the detailed explanation and step-by-step process.
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PLEASE HELP
Match each profession with its usual work environment.
1. Solar photovoltaic installer
2. Ironworker
3. Construction manager
4. Cement mason
A.Roof of a building
B.Outdoors at great heights
C.Outdoor job site
D.Field office
Answer:
1.) Solar photovoltaic installer - a. roof of a building
2.) Ironworker - b. outdoors at great heights
3.) Construction manager - d. field office
4.) Cement Mason - c. outdoor job site
Explanation:
please correct me if I'm wrong
Based on the information given, do you think Teasha made the right economic choice in opening her own business? Explain?
yes because he can't be poor he/she must gets a profit everyday to cover the bills that is needed to be payed
Which of the following examples describes how data science can improve
business outcomes?
The data science can alter business resultants with the support of Analytics.
What is Analytics?The systematized combinatorial investigation of the subject matter or applied mathematics is known as analytics.
It is a tool for determination, interpreting, and communicating crucial structures in data.
It also implies using data patterns to make more intelligent decisions. With the usage of analytics, data science may modify and better business outcomes.
Therefore, the Analytics can improve the business outcomes.
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True or false?
2 best friends are one mind in 2 bodies?
Answer:
True
Explanation:
because they are I hope its right
Answer:
well i would say true because friendship is a really strong thing
but then i don't really know
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
A borrower attends a seminar on how to get rich by investing in real estate with no money down. A third party encourages the borrower to invest in three real estate properties. Under the third party's guidance the borrower completes the applications and provides the specific documentation required. The borrower is unaware that the third party owned numerous properties in the name of an LLC and submitted applications on not just the three properties known to the borrower but on a total of 15 properties, this is an example of:
Answer:
Chunking
Explanation:
Chunking
chunking
This is simply known as the ways at which information is stored through the combination of small pieces of information into larger pieces.
Chunking in business is simply known also as the sale of properties at artificially inflated prices, pitched as investment opportunities to unknowly real estate investors who are promised improbably high returns and loan risks. The third-party therefore helps the investor and may use the investor's information to apply for loans at multiple institutions and then retain the proceeds leaving the borrower with multiple loans that cannot be repaid
There are a lot of fraud scheme usually includes a "get rich quick" real estate seminar. It occurs when a third party convinces an uninformed borrower to invest in a property (or properties), with no money down and with the third party acting as the borrower's agent. The third party is also the owner of the property or part of a larger group organizing the scheme.
which of the following would make a person well suited for entrepreneurship?
a. prefers to follow others on projects
b. likes making decisions
c. doesn't like people
d. likes to work regular hours
APEX
Entrepreneurs likes making decisions because they are their own boss. Option (b) is correct.
What do you mean by Entrepreneurship?Entrepreneurship is the practice of operating a business with a fresh concept or in a novel approach, ultimately benefiting the client or the consumer. A novel product or service can represent a new idea in a business.
Self-motivation is among the most crucial characteristics of entrepreneurs. Pushing oneself is necessary if you want to succeed. Because you are your own boss as an entrepreneur, it can occasionally be challenging to begin rolling without external pressure.
Therefore, Option (b) is correct. Making decisions by their own would make a person well suited for entrepreneurship.
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