Four things motivate an entrepreneur: control, freedom, impact and wealth
An entrepreneur is an person who identifies a need inside the marketplace and works to fulfill it. The term, traditionally, has been carried out to an individual who begins a business, seeing the ability to meet that diagnosed need as an economic possibility.
There are two conventional categories of wealthy and successful entrepreneurs – the commercial enterprise proprietor entrepreneur and the angel investor entrepreneur. There are some distinct activities on the path to becoming a business owner entrepreneur as opposed to an angel investor entrepreneur.
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one management responsibility is to identify when to create ______, not simply when to mitigate it.
One management responsibility is to identify when to create conflict, not simply when to mitigate it.
What kind of conflict resolution?The goal of conflict management is to lessen its negative effects while enhancing its positive ones. The goal of conflict management is to improve learning and group outcomes, including the issue of effectiveness or that of performance in terms of an organizational setting.
Therefore, A conflict is a struggle that results from a collision of interests, viewpoints, or even moral principles. There will always be conflict in society, and its causes can range from personal to racial to class-based to caste-based to political to international.
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Marketer’s say prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior. Which side do you agree with and what are your two reasons for doing so?
Marketers say the prohibition of tracking takes away the marketer’s legitimate right to study consumer behavior.
I agree that Marketers may track customer purchases without abusing the data. They should try to keep customer information private to protect clients.
it's profitable for the customerIt also makes the marketer's job easierWhat is Customer behavior?Generally, Marketers are allowed to monitor consumer purchases as long as they don't abuse the data they get. To preserve the privacy and safety of the clients, they should take efforts to stop any client information from being released.
Since it enables better customer communication, it is crucial for marketers. They can reduce the market gap and find needed goods and outmoded goods by analyzing how customers choose products.
Customer behavior must be taken into account in your company's marketing plan. Thanks to this knowledge, you can organize your resources, make wise choices, and focus on a larger consumer base. The goal is to reach your target market with the appropriate advertising at the appropriate moment.
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This technology serves to change the ethical and moral behavior of businesses today:
A. Cloud Computing
B. Cyber-security
C. Server Farms
D. Social media
It ensures seamless connectivity between computers and devices linked via cloud computing by employing software known as middleware. In most cases, cloud computing service providers keep multiple copies of the data to prevent security risks like data loss, data breach, and so on.
Which phrase refers to cloud computing?Software-as-a-service (SaaS) for web-based applications, infrastructure-as-a-service (IaaS) for Internet-based access to storage and computing power, and platform-as-a-service (PaaS) that provides developers with the tools they need to build and host Web sites are the three main types of cloud computing, with more emerging.
What drawbacks does cloud computing have?The downtime caused by internet system service outages is one of the most significant drawbacks of cloud computing. Another drawback is that, despite the fact that security standards are upheld in cloud computing, storing your data with external service providers puts it at risk.
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what is banking and finance
Banking and Finance explore the dynamic, speedy-paced international of money, shares, credit score, and investments. Finance is a vital part of our economic system because it affords the liquidity in phrases of cash or belongings required for individuals and companies to invest in the future.
The Bachelor of Technology in enterprise administration principal in Banking and Finance is a 4-yr diploma application designed to equip students with knowledge in investments, financial management, and capital markets.
Banks deal immediately with money-related topics, whilst economic establishments without delay exercise secondary monetary functions which include loaning and making an investment. We may deposit coins with banks or make fixed deposits with banks, however, economic establishments do not have deposit centers.
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What are the 3 main things an entrepreneur needs in order to be successful?
The three main things an entrepreneur needs in order to be successful are: time, resilience-effort and risk taking mentality.
The ability to remain resilient in the face of any challenges that may arise during their startup journey is said to be the most common quality that all successful entrepreneurs possess, according to experts from around the web.
One of the most crucial abilities for busy entrepreneurs to have is effective time management, which will ensure the smooth operation of their company. As the company's leader, you must allot the appropriate amount of time to each work, regardless of how full your schedule may be.
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What is a difference between payroll and income taxes payroll taxes are itemized?
A difference between payroll and income taxes are in a payroll tax some part is at least paid by the employer like in medical care tax while in income taxes it is fully paid by employees.
What are taxes?The taxes are compulsory fees that individuals and organizations are required to pay to the government to support public services and government operations. It is calculated as a percentage of income or the value of goods or services.
Taxes can be imposed on various sources of income or economic activity, including personal income, property ownership, sales of goods and services, and corporate profits.
A difference between payroll and income taxes are in a payroll tax some part is at least paid by the employer while in income taxes it is fully paid by employees.
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what are the 4 factors of production and give an example of each
There are four factors of production land, labor, capital, and entrepreneurship.
Production is the process of combining different material and immaterial inputs to create something for consumption. It is the act of producing an output, such as a good or service, that has value and contributes to people's utility. Production theory, which is intertwined with economic consumption theory, is the branch of economics that focuses on production.
The production process and output are directly related to the productive utilisation of the original inputs. Land, labor, and capital are regarded as the three fundamental production factors and are referred to as primary producer goods or services.
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What is an example of a SMART goal in business?
Paying off the business's debt may be one example of a SMART goal. Doing so would free up more funds for initiatives like employee pay raises and other endeavors. Specific: Repay $10,000. Measurable: By keeping an eye on our cash flow as we go and tracking our performance month to month, we can monitor our progress.
What does a SMART goal statement look like?
An example of a SMART goal statement would be: Our goal is to [quantifiable target] by [timeframe or deadline]. [Key players or teams] will succeed in this goal by [what actions you'll take to achieve the goal]. The accomplishment of this goal will [have a consequence or benefit].
What exactly is a SMART goal?
A SMART goal ought to be time-bound, specific, measurable, achievable, and realistic.
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what are the effects of rising prices
The main cost of inflation seems to be the erosion of real income, which occurs when prices rise unevenly and causes some customers' purchasing power to decline.
How long will high prices last?The consensus among economists and financial professionals is that higher prices will probably continue into next year, if its not longer. And as a result, Americans will likely continue to suffer from rising prices for some time to come.
Why do you use the word prices?The sum of money supplied or established as payment for the sell of a certain good; the volume of one good required in exchange for another in barter or in a sale; or the price paid for anything. Increased consumer demand and labor shortages have only made this issue worse. Prices are rising as a result of the shortage of some commodities and the rising cost of shipping.
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c. Include adjusting entries such as the following:
i. Deferral Expense
ii. Deferral Revenue
iii. Accrued Expense
iv. Accrued Revenue
d. Prepare an adjusted the trial balance
e. Develop the Financial Statements for XYZ company
f. Prepare closing entries and postclosing trial balance
Who was affected by the Roosevelt Corollary?
Latin America and the Caribbean was most affected by Theodore Roosevelt Corollary.
What did Roosevelt's big stick strategy entail?Roosevelt's "big stick diplomacy" meant that the United States would engage in diplomatic negotiations while retaining the ability to use force if necessary.
How did America benefit from the "big stick" policy?Roosevelt was successful in keeping the United States out of wars by threatening legitimately with force under his "big stick" strategy.
What led to the big stick diplomacy?The Venezuela Crisis of 1902–1903 has been considered as the impetus behind the Roosevelt administration's Big Stick strategy. Roosevelt invented the Roosevelt Corollary after directing a series of naval drills in reaction to this issue.
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What is a problem that consumers faced in the 1920s ?
A hassle that consumers confronted in the 1920s groups invested in advertising and marketing to boom demand. companies provided credit for human beings without problems purchasing goods. consumers needed to pay better taxes on items.
customers sold too many goods they could not have the funds for. The past due Twenties is the time of the first-rate depression, in step with financial history. The range of products produced multiplied, and people purchased more than they might pay.
Consumerism came into its very own throughout the Twenties due to mass manufacturing, new products available on the market, and progressed advertising techniques. With extra enjoyment time to be had and money to spend, individuals had been keen to personalize trendy items.
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A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of _____________. Question 14 options: utilitarianism outcomes consequences justice
A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of justice. Therefore, the correct answer option is: D. justice.
Who is a manager?In Business management, a manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization, especially by being morally upright, ethical, well behaved, friendly, managing costs, and promoting the business's vison, culture, and values at all times.
Based on the ethical criterion of justice, it is mandatory that a manager imposes and enforces rules fairly and impartially for all the employees working within a business organization, in order to ensure that there is an equitable distribution of benefits and costs.
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The complete statement is "A manager who is very focused on ensuring that all employees are following the reimbursement policies when it comes to expense reports and wants to make sure that every employee follows the rules for which expenses are eligible for reimbursement is likely focused on an ethical criterion of justice. " Option D
Who are the managers?In the field of business management, a manager is someone who has received training in the acquisition and distribution of resources as well as in providing direction, support, administrative control, and supervision to the workers who are employed by a business organization.
This training includes being morally upright, ethical, well-behaved, and friendly, managing costs, and constantly promoting the company's vision, culture, and values.
In order to maintain an equal distribution of benefits and expenses, a manager must create and enforce regulations for all personnel operating inside a commercial organization in accordance with the ethical standard of justice.
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Which of the following statements is most appropriate? Explain
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
B. The type of joint stock company is a suitable choice in business because it is not taxed twice on income.
C. The typical type of enterprise selected for research in corporate finance is a joint stock company because it has characteristics that other types of businesses do not have, which is the separation between ownership and operation.
D. It is easy to resolve conflicts of interest between owners and operators, by increasing operator salaries
A. In a joint-stock company, the issue of conflict of interest between the owner and the operator sometimes occurs.
How long has safety been considered in the workplace?
Concerns about workplace safety first emerged in Europe during Industrialisation with labor movement.
What's the full meaning of safety?Being protected from danger or harm is really the state of someone being safe. The paper continues by offering several suggestions for enhancing airplane safety. Synonyms include assurance, security, protection, and safeguards. More safety synonyms 2. uncountable noun [often a NOUN preposition].
Why is safety in important?In terms of morality, nobody wants to get wounded, and nobody enjoys seeing someone else receive hurt. Safety is crucial for financial reasons: You incur costs as a result of an accident. This can be bad for your company.
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What are the general features of the financial institutions?
Financial institution: It provides advances and loans to customers, high return rate, highly rated advice to customers for their profitable investments, and acts as a depository for customers.
What is financial system and what is the responsibility of financial institutions?A financial system is an economic arrangement that facilitates the movement of funds and assets between borrowers, lenders and investors by financial institutions. Its goal is to efficiently allocate economic resources to drive economic growth and generate a return on investment (ROI) for market participants.A financial institution is an entity that facilitates financial transactions and acts as an intermediary in financial transactions.Financial institutions have a variety of functions, including banking services, wealth accumulation, financial regulation, pension fund services, and national economic growth.Who are the major financial institutions?The main categories of financial institutions are Central Banks, Retail and Commercial Banks, Internet Banks, Credit Unions, Savings and Lending Institutions, Investment Banks and Investment Firms, Brokerage Firms, Insurance Companies and Mortgage Lenders. IMF.
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Is it best to a low interest rate?
I accept the response: Low loan fees urge purchasers to get and spend, while exorbitant financing costs support saving.
Which is the reason banks will generally give low loan fees when the economy is getting along nicely, to elevate development to all suitable monetary areas. Exorbitant loan fees then again, will more often than not be executed during expansion. At the point when individuals are urged to save, how much cash flowed in the market would be diminished, and the upsides of the money would go up.
Low loan fees are great for the economy since additional individuals will want to manage the cost of installments. They can then get home loans and Visas which implies more cash is spent in the economy.
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What is tamper proof packaging?
Tamper-proof packaging is intended to offer the highest level of protection throughout the storage and transportation of valuable or delicate items.
Tamper-proof packaging has a variety of characteristics, including a flat bottom to prevent access, a printed tear strip on the upper flap that is impossible to replace, and two locking tabs that, if broken, drop into the case, to guarantee that any interference can be recognized.
Food packaging that is tamper-evident is made with unique closures that reveal whether the container has been damaged, opened, or unsealed. Broken closures warn you of possible product tampering if you sell packaged goods, allowing you to discard the merchandise. Most importantly, it gives the buyer peace of mind that the goods they buy are brand-new, secure, and unopened after being wrapped.
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elected officials sometimes cause business cycles in their attempts, through fiscal policy actions, to increase their chances of reelection.
Elected officials sometimes cause Political business cycles in their attempts, through fiscal policy actions, to increase their chances of reelection.
What is meant by political business cycles?The likelihood that politicians will influence the economy to increase their prospects of winning reelection is referred to as the political business cycle.
Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions). This series of modifications is periodic but not recurrent.
In an effort to boost their chances of winning reelection, elected leaders may trigger political business cycles.
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an owner is considering installing a below-ground swimming pool, which will cost many thousands of dollars to build. before hiring a contractor, the owner should consider the concept of
Owner should think about real estate taxes before employing an independent contractor for the development of the work.
ContractorsAn example of an independent contractor is an auto mechanic who has a station license or resale license, buys the parts required for the maintenance, sets his or her own expenses, collects from the customer, sets his or her own hours and days of work, and owns or rents the shop from a third party.
You are hired by yourself if you are an independent contractor. The income of someone working as an independent contractor is subject to self-employment tax. Visit the Self-hired individual's Tax center to learn more about your tax obligations.
The Contractor shall erect and properly maintain at all times, as required by the conditions and development of the work, including barriers, shoring, supports, braces, lighting, hazard signs, and essential safeguards, as will protect workers and the public and as will effectively prevent any harm and injury to persons.
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Which executive agency would most likely investigate cases of espionage the Central Intelligence agency the Department of State?
The Central Intelligence Agency (CIA) would most likely investigate cases of espionage. The Department of State may be involved in the investigation, but the CIA would typically lead the investigation.
What is CIA?
The Central Intelligence Agency, also known as the Agency or the Company historically, is the federal government of a United States' civilian foreign intelligence service. Its official duties include gathering, processing, and analysing information related to national security from all over the world, primarily using human intelligence (HUMINT) and carrying out covert operations. The CIA, which is a key component of the US intelligence community (IC), reports to a director of national intelligence as well as focuses on gathering intelligence for the US president and cabinet. On January 22, 1946, President Harry S. Truman issued an executive order establishing the Central Intelligence Group, which was headed by a Director of Central Intelligence.
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dollar diplomacy president
Dollar diplomacy president refers as Diplomacy used by a country to promote its financial or commercial interests abroad. : diplomacy that seeks to strengthen the power of a country or effect its purposes in foreign relations by the use of its financial resources.
President Taft turned into extra dedicated to the expansion of U.S. overseas change than was Roosevelt. He pursued a software, called "dollar diplomacy," designed to inspire U.S. investments in South and significant American, the Caribbean, and the a long way East.
Notwithstanding successes, “dollar diplomacy” failed to counteract economic instability and the tide of revolution in places like Mexico, the Dominican Republic, Nicaragua, and China.
Dollar diplomacy turned into enormous in widening the us's monetary market, and it set up the us as a fundamental electricity.
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types of collective bargaining
Composite bargaining, granted bargaining, egalitarian bargaining, integrating negotiating, and efficiency negotiations are the five primary categories of collective bargaining.
What serves as a means for provision?A provision is cash saved in the funds to cover any liabilities that may arise in the future. To improve the accuracy of something like the current year's balance, a provision is utilized to allow for costs that could, in some cases, be offset with in current or prior financial year.
Which preparations are required?A "business make better term" lease clause stipulates that the tenant must return the doors to the home in the same condition that they found it.
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What are 4 benefits of saving?
Answer:
1. Financial Security: Saving money can help you build a safety net for unexpected expenses or a loss of income.
2. Investment Opportunities: A savings account can allow you to invest in various potential income-generating investments.
3. Tax Advantages: Many savings accounts, such as 401(k)s and IRAs, offer tax advantages.
4. Achieving Financial Goals: Saving money can help you reach your short-term and long-term goals, such as buying a house, starting a business, or saving for retirement.
Explanation:
What is the system of mutual aid scheme?
All ISOPA members have voluntarily agreed to cooperate with one another as much as feasible in the event of accidents involving the transport of TDI and MDI under the mutual help program.
What does the idea of mutual aid mean?Mutual assistance is when regular people band together to take care of one another's needs with the idea that the systems in which we live are failing to do so and that we can take care of those needs jointly, immediately, without needing to put pressure on authority figures to act morally.
What is an example of mutual aid?Examples comprise: Financial solidarity initiatives for people who may provide financial support to directly reach those in need of money. Projects that deliver food to persons in need, at risk, or ill gather donations from grocery stores, restaurants, or private individuals.
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As many as 83.1 percent of respondents supported the WHO's investigation into the origin of the virus in the U.S. The eyes of the people are sharp.
Up to 83.1% of respondents supported the WHO investigation into the virus's origin in the United States. According to the CGTN Think Tank's online survey report, 80% of global netizens who participated in the survey believe the virus originated in China.
What is the virus's origin?According to a published study, the world's first known case of virus was a saleswoman who worked at an animal market in the Chinese city of Wuhan, not an accountant who lived miles away and appeared to have some connection with the location.
The report reignited the ongoing debate over the virus's origins, which remains unresolved. The search for the pandemic's origin point has contributed to speculation that the virus may have leaked from a Chinese laboratory, raising tensions between the United States and China.
We can conclude from this information that the world's first known case of virus was a saleswoman who worked at an animal market in the Chinese city of Wuhan.
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Complete question
many as 83.1 percent of respondents supported the WHO's investigation into the origin of the virus in the U.S. True or false?
open market activities and impact on economy
A central bank can increase or decrease the number of reserves in the banking system and eventually affect the nation's money supply by buying or selling bonds, bills, and other financial instruments on the open market.
What do you mean by open market?A market that is open to competition has little to no restrictions on how businesses can operate. Tariffs, taxes, licensing requirements, subsidies, unionization, and any other laws or practices that obstruct free-market activity are not present in an open market.
What are Bank's reserves?The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves. The bank must store this actual paper money in a vault on the property or in an account with the national bank.
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What are 3 benefits of a savings account?
Answer:
1. Earning interest - Savings accounts typically earn more interest than a checking account. This means that the money in your savings account will grow over time.
2. Safety - Savings accounts are generally FDIC insured, meaning that the money you have in your account is protected from loss if the bank fails.
3. Liquidity - Savings accounts are highly liquid, meaning you can access your money when needed.
Explanation:
Phillips Equipment has 6,500 bonds outstanding that are selling at 96.5 percent of par. Bonds with similar characteristics are yielding 6.7 percent, pretax. The company also has 48,000 shares of 5.5 percent preferred stock and 75,000 shares of common stock outstanding. The preferred stock sells for $64 a share. The common stock has a beta of 1.32 and sells for $41 a share. The preferred stock has a stated value of $100. The U.S. Treasury bill is yielding 2.2 percent and the return on the market is 10.6 percent. The corporate tax rate is 21 percent. What is the weighted average cost of capital?
The weighted average cost of capital for Philips Equipment is 8.09%
How to calculate the cost of capital?Assuming face value of bond to be $1,000
Price of bond = 0.965 * 1000 = 965
Market value of bond = 6,500 * 965 = 6,272,500
Market value of preferred stock = 48,000 * 64 = 3,072,000
Market value of common stock = 75,000 * 41 = 3,075,000
Total market value = 6,272,500 + 3,072,000 + 3,075,000 = 12,419,500
Annual preferred dividend = 0.055 * 100 = 5.5
Cost of preferred stock = (Annual dividend / price) * 100
Cost of preferred stock = (5.5 / 64) * 100
Cost of preferred stock = 8.5938%
Cost of equity = Risk free rate + beta (market return - risk free rate)
Cost of equity = 0.022 + 1.32 (0.106 - 0.022)
Cost of equity = 0.13288 or 13.288%
The weighted average cost of capital = Weight of debtafter tax cost of debt + weight of preferred stockcost of preferred stock + weight of equity*cost of equity
Weighted average cost of capital = (6,272,500 / 12,419,500)0.067(1 - 0.21) + (3,072,000 / 12,419,500)0.085938 + (3,075,000 / 12,419,500)0.13288
Weighted average cost of capital = 0.02673 + 0.02126 + 0.0329
The weighted average cost of capital = 0.0809 or 8.09%
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In order to be successful, producers have to determine what consumers want and
what they desire.
how much they are willing to pay.
how many other producers are going to produce the product.
how to sell it.
In order to be successful, producers have to determine what consumers want and what they desire and how much they are willing to pay.
Who is a producer?A producer can be defined as the person that manufactures or produce goods and services.
A producer that want to be successful needs to know or understand what consumers want as well as how much consumers they are willing to pay for it. Understanding this will help the producer knows how to meet the needs of their customers so as to enables the consumer derived satisfaction from the product of the producer.
Therefore the correct option is A, B.
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