2. Light1 has an idea of creating a shop that sells letters. For selling the letters he will have to buy paper and ink
at about $0.2 per letter and will take about 1 min per letter. The time that he takes writing the letters, could be
spent driving a taxi for $18 an hour. He will also have to rent a sophisticated printer for 29, 000 a month. He hires
his friend Ryuk for a one time fee of $10, 000 to perform market research and finds that letters can be sold at $1.5
each, and total demand is about 30, 000 letters a month .
a) What are the fixed costs of doing his start up?
b) What are the variable costs?
c) After doing the market research but before deciding to operate or not. Is there any sunk cost?
d) After talking to Ryuk, will Light establish his letter firm?
Unexpectedly, in the month of November, after paying for the rent of the printer, a review for Light’s letters is
revealed, that classified the letters as deathly, therefore the expected demand for November falls to just 2 letters
that can be sold at $2.5.
e) Will Light sell the two letters or will he decide to close his shop for November?
f) If the fall in demand is permanent and demand will be 2 letters a month forever for $2.5. Will Light close his
business in December?

Answer: It's called a C2C market (consumer -to- consumer)

EX: Ebay, Craiglist, Etsy, etc.

An innovative business idea that no one has never had is Offering virtual assistance to other businesses.

innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.

It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.

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Complete question:

State An innovative business idea that no one has never had

Answer:

✓Identical

✓many

✓takers

Explanation:

perfectly competitive market can regarded as market that is been characterized as one having many buyers as well as sellers, they re also chracterized as one with undifferentiated products as well as no transaction costs with no barriers of entry and exit, there is also a perfect information about the price of a good.

It should be noted that In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers.

Option B, The demand is likely to cause scarcity. is the correct answer

Veronica most likely viewed the internal job posting system to find the open position. The correct option is C.

As she applied for a new job with her current employer, it suggests that the job was not advertised to the public yet, which eliminates the possibility of her viewing an internet job posting system or a local employment job board. Instead, she would have accessed the company's intranet, which is an internal network that provides employees with access to various resources and information about the company.

The internal job posting system is typically a part of the intranet and is used by employers to advertise job openings to their existing employees before they are advertised to the public. This system allows companies to fill their vacancies internally, giving preference to their existing employees who may have the required skills and experience. Therefore,

Veronica was able to apply for the data analyst job before it was advertised to the public because she viewed the internal job posting system, which is an effective way for companies to fill their positions internally. In this case, Veronica saw the notification on the company intranet, which is a common platform used for internal job postings.

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Answer:

Catalogs can promote a business's brand by displaying them in high-traffic areas and distributing them in stores. Customers often have an idea of what they want to buy after looking through a catalog. But, they'll likely find other items they want to buy when they go online or to a brick-and-mortar store to order.

Complete Form W-4 to help your employer withhold the correct federal income tax from your paycheck. Consider completing a new Form W-4 each year and each time your personal or financial circumstances change.

When you get a new job, your employer will ask you to complete Form W-4, the employee's tax withholding certificate. How you fill out this form determines how much tax your employer will deduct from your paycheck. Your employer will send the money deducted from your paycheck to the Internal Revenue Service (IRS) along with your name and social security number for reference.

Withholding tax is deducted against your annual income tax bill, which you calculate when you file your tax return in April. The employee completes the W-4 form to notify the employer of the amount of tax to be withheld from payroll based on filing status, dependents, expected tax credits, and deductions.

Any errors in completing the form may result in tax charges when you file your tax return. The IRS has simplified his form for 2020.

An employee can change her tax withholding at any time by submitting her new W-4 to her employer. Each new employer requires a new her W-4 to be completed.

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A mutual savings bank is different from a commercial bank in that it is owned by its depositors, who share in the bank's profits and losses.

Mutual savings banks also tend to be more community-oriented and may offer more personalized services to their customers. However, commercial banks typically offer a wider range of services, such as business banking and investment services.

The statement "Mutual savings banks provide more services" is not necessarily true, as this can vary depending on the individual bank and its offerings.

Lastly, mutual savings banks may pay slightly lower interest rates on deposits than commercial banks, but this is not always the case and can depend on various factors such as market conditions and the bank's financial performance.

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Answer:

1.  Private ownership of factors of production

2.  Freedom to engage in commercial activities

Explanation:

1.  Private ownership of factors of production

In the US, individuals and firms are allowed to own properties. A significant percentage of the factors of production are in the hands of the private sector. Firms and individual influences the production of goods and services because they allocate resources to meet market demand.

2.  Freedom to engage in commercial activities

Entrepreneurs have the freedom to choose the type of business they want to start. They can also select the location and the time they want to operate. There are no upper limits to firms that can participate in the market.  Consumers are free to choose their suppliers. The market presents a variety of goods and services to consumers to pick from.

The percentage increase for Margaret's investment in this company is 67%.

In Mathematics, there are two (2) main types of percentage change and these include the following:

Mathematically, percentage increase can be calculated by using this formula:

Percentage increase = [Final value - Initial value]/Initial value × 100

Substituting the given parameters into the formula, we have;

Percentage increase = [125,000 - 75,000]/75,000 × 100

Percentage increase = 50,000/75,000 × 100

Percentage increase = 0.667 × 100

Percentage increase = 66.7 ≈ 67%.

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Working Capital Management (WCM)

Working capital management (WCM) refers to a set of strategies and tactics that companies use to control their day-to-day business operations. The goal of working capital management is to ensure that the company has sufficient liquid resources to meet its operational obligations. WCM focuses on optimizing the company's short-term financial position while minimizing risk. The following are the various components of working capital management:

Inventory management

Accounts receivable management

Accounts payable management

Cash management

A brief example of an industry where WCM is of utmost importance and why

The textile industry is one of the industries that relies heavily on WCM. The textile industry is one of the most significant industries in the world, with several companies that are household names. It's also one of the most competitive and challenging industries, with rapid technological advances and ever-changing consumer preferences. As a result, working capital management is critical to ensuring that textile companies remain competitive and profitable. Textile firms must manage their inventory levels to optimize working capital management. A company must have adequate inventory levels to meet customer demand while avoiding inventory obsolescence or write-offs. Because the textile industry operates on thin margins, managing cash flow is critical to long-term success.

In working capital management (WCM), the management of the company's current assets and current liabilities is done. WCM is the optimization of the day-to-day operations of a business. It deals with short-term financing solutions that businesses need to run their daily operations.

A brief example of an industry where WCM is of utmost importance and why is also discussed in the answer.

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Answer:

Ability to work well with a project team

Explanation:

Answer:

The word that means finding its food is hunting

DUMPING: A predatory pricing practice in which a foreign nation exports its commodities to another nation and sells them there for less than the local market rate.

Today, there are 195 nations in the world. This number includes the Vatican See and also the State of Palestine, two non-member observer nations, together with the 193 United Nations member states.

In geopolitics and global politics, a nation appears to be a physical place. The dictionary describes it as "the land of either a nonviable fetus, abode, or citizenship; a governmental nation or state or its territory."

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As a result, country B imposed a 20% tariff on steel imports from country A.

Dumping is the act of selling a product in a foreign market at a price lower than the price charged in the domestic market or below the production cost. It is considered as an unfair trade practice.

Measures to counter dumping include imposing tariffs on the imported goods, which raises their price and makes them less competitive with domestic products. Another measure is the imposition of anti-dumping duties on the imported goods. Additionally, some countries also negotiate agreements with the exporting countries to limit the volume or value of their exports to the importing country. Some countries also use countervailing duties to counter the effects of subsidies provided to the exporting country's industries.

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Answer:

C

Explanation:

Competence gives you the ability or skill to do something

Answer:

its D All the above

Explanation:

A business plan is useful to think through all aspects of the business, secure financing, and set specific objectives. Thus, the correct answer is option d, all of the above.

A business plan is a formal written document that contains the goals of a company, the methods for achieving those goals, and the time frame for achieving those goals. A business plan is a written roadmap for the company's marketing, financial, and operational goals.

A business plan explains the concept behind your company and details how your product or service will be manufactured or sold. A business plan establishes specific goals and describes how your company intends to achieve them. A business plan also secures funding sources.

Therefore,  for all the given options, a business plan is useful.

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Answer:

Intellectual property means the rights to dispose of works, inventions and other results of the process of human creativity, research and thought. These are the various results of more or less original ideas, instructions and solutions. Due to its intangible nature, only what is considered appropriate by the company for protection by law can be considered intellectual property, so it should generally be the results of creation, research or other activities that are sufficiently unique or original. The value of intellectual property rights is usually less difficult to determine than for physical property, it depends mainly on the degree of their subsequent use and benefit for individuals or society and the ability to support further creations.

Petty cash is replenished, petty cash is debited, and cash is credited is false.

How is petty cash replenished?

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Answer:

Explanation:

Sustainable farming means a number of practices; each has it own benefits. Crop rotation is one of them and it benefits the soil as different nutrients are needed for different crops. That will keep the soil healthy. It also involves minimize use of pesticides and herbicides. Any petrochemical products like pesticides and herbicides will have adverse effect on the environment in the long term. Last but not least is optimizing use of water. Excessive irrigation not only wastes water but it also creates runoffs from the field. By optimizing the use, it saves water, reduce runoffs and erosion.

There are many parts of this

Rotation of crops helps the soil to regain those required minerals again.

Organic farming increases the production but also keeps the soil.healthy

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

A convenience item is something that is purchased without much thought before the purchase.

Ads are called out if they are displayed for a short time without reaching the awareness threshold. subliminal. ---- is a subtle phenomenon that uses colors and fonts to influence how your message feels.

Customization and tailoring of service delivery to individual customer needs. The service should be less variable than the product. "Product" is a general term used to describe both goods and services.

Subliminal messages are visual or auditory stimuli imperceptible to the conscious mind, often inserted into television commercials or other media such as songs purchased.

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Expenditures that add to the utility of fixed assets for more than one accounting period are capital expenditure.

A capital expenditure  can e described as the type of expenditure that is been used in funding a particular asset  which is been expected by the owner of the business to provide utility to a business .

And this can be used for  as many as reporting period which is a way to make the business to grow better, it should be noted that the capital expenditure is very important in the business sytem.

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According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.

Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.

Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.

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Generativity needs are met when employment: A. allows for creativity and productivity.

Generativity can be defined as the way in which a person is ready or willing to engage in something that will help to add value to people around them.

A person with generativity personality is always eager to have positive impact on the people around them and they  are always eager to help people or invest in others.

Therefore the correct option is A.

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A tariff is a type of direct tax that the government imposes on a specific group of imports or exports.

Governments impose taxes, known as tariffs or duties, on the value of imported goods, including their freight and insurance. Varying countries impose different tariffs on certain products.

A tariff is a customs fee or tax imposed on imported products for sale. A tariff is often either an ad valorem tariff (% of value) or a fixed duty, such as $100 per ton. Less frequently, a compound tariff that includes both of these components may apply.

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An investor makes money by issuing bonds. They are debt securities. That is, an investor lends money (principal) to a company or the government for a period of time in exchange for a series of interest payments (yield).

When the bond reaches maturity, the principal is returned to the investor. In the exchange for buying a bond, an investor or bondholder receives the periodic interest payments called coupons. Quarterly, semi-annual or yearly coupon payments are intended to provide investors with regular and predictable income. There are many types of funds, but the main ones are equity funds and debt funds.

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Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.

There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.

A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.

Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.

Explanation:

Answer:

I think it is Automated teller machine

Answer:

Automatic Teller Machine (ATM)

Explanation:

also known as the automated banking machine, is a computerized telecommunicating device. Nowadays more people using ATM to withdrawing the money.

Answer:

Probably trading actives

Answer:

D

Explanation:

Just imagine yourself being in a work place or in a library, where you have other person's around you. And you're browsing through a site, then suddenly a video pops up and started playing automatically at the highest level. Can you imagine the kind of situation that would be created at that instance? Very awkward.

So therefore, marketer should apply caution when it comes to including video that plays automatically. This will avoid creating such kind of awkward situation for users at work.

Answer: D

Explanation: Just took the quiz