The risk of innovation is most balanced with the main answer "taking calculated risks".
Entrepreneurship, also known as innovation or new value creation, entails creating something unique and fresh that has never been done before. In other words, entrepreneurship entails creating a unique product or service that can be supplied to the market.
However, because of the lack of prior knowledge and expertise, developing something new and distinctive carries significant risks that should not be underestimated. Therefore, taking calculated risks is one of the most balanced approaches for entrepreneurs to handle innovation. This entails thoroughly evaluating and estimating the cost and potential benefits of a certain project.
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True or false: When the roles of chief executive officer (CEO) and chairperson of the board of directors in an organization are merged into one individual, the board is given the benefit of leadership from someone who is aware of the inner workings of the organization.
Answer: True
Explanation:
The CEO knows what is going on in the company and so if the CEO is made chairperson of the board as well, they will be able to make decisions for the company which take into account the actual situations facing the company.
Unfortunately it also reduces Board independence which is very necessary when it comes to preventing the Agency problem where management might act in their own interests instead of that of the shareholders.
Why is creative thinking important to generate business ideas?
Answer: Creative thinking is necessary for business problem-solving.
Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!
Because of the tvm concepts learned in this topic, you should _________ receiving $1,000 in 1 year if given the opportunity to receive $1,000 in 2 years from today.
Answer:
I think the answer is avoid.. Alex that my final answer
Explanation:
only because if you stay with that company by year two the company will know that ur a good fit for
Rivalry among competing sellers is generally more intense when Group of answer choices industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume. barriers to entry are high and buyer switching costs are high. barriers to entry are moderately high and the pool of likely entry candidates is small. buyer demand is growing rapidly. the industry's driving forces are strong and rivals have strongly differentiated products.
Answer:
industry conditions tempt competitors to use price cuts or other competitive weapons to boost unit volume.
Explanation:
Rivalry refers to the competitions that take place among firms in an industry with the aim of capturing greater market share
rivalry is influenced by :
1. barriers to entry :
If barriers to entry is high, there would be few firms competing for customers, so there would less intense rivalry
2. differentiation of goods in the industry :
If goods are differentiated, goods are unique from that of competitors. so there would be less need for intense rivalry
In preparing a company's statement of cash flows using the indirect method, the following information is available:Net income $ 52,000Accounts payable decreased by 18,000Accounts receivable increased by 25,000Inventories increased by 5,000Depreciation expense 30,000Net cash provided by operating activities was:
Answer:
Statement of cash flows using the indirect method
Net income $52,000
Adjustments to net income:
Depreciation expense $30,000Increase in accounts receivable ($25,000)Increase in inventories ($5,000)Decrease in accounts payable ($18,000) ($18,000)net cash flow provided by operating activities $34,000
You are the coding supervisor and you notice a potential discrepancy in a productivity report from one of your coders. You remind all of the coders about the importance of accuracy with these reports. One of the coders thinks she may have accidentally combined 2 days into one of her daily productivity reports and she must decide if she should admit her potential mistake or just let it go because one day’s productivity reporting really doesn’t make a difference. This is an example of ______.
Answer:
laziness.
Explanation:
Madison wants to buy a car that will cost 15160 if Madison plans to save 1684 per month how many months will be necessary to save?
sakait has done some extra work to appease a client. now the client is asking her to do one more task, which is significant and not part of project scope. what should sakait do?
If a client is asking Sakait to do a task that is not part of the project scope, then she should approach the situation professionally. Sakait should review the client's request, and determine if the request is feasible to complete without disrupting the current project scope or affecting the project deadline.
She can also provide an estimated cost for the extra work that would have to be done. In this case, Sakait can:
1. Explain that the new request is outside the project scope, and provide a valid explanation to the client.
2. Provide the client with an estimate of the cost to complete the additional task and the timeline.
3. If the client agrees to the additional work, Sakait should ensure the details of the work are documented to avoid confusion later.
If the extra work is not feasible, and the client insists that the work be completed, Sakait should decline the request. In this case, Sakait would have to explain the reasons to the client why the extra work cannot be performed without disrupting the project schedule or causing other significant problems.
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Analysis of Competitors If I launch a new application that tracks waste collection and recycling of useful materials by collaborating with recycling industries such as cloth, glass, e-waste, paper, and so on
1. PEST Analysis 2. Risk Velocity Heat Map 3. Porter Five Forces Analysis 4. Direct Competitor Analysis
5. Perceptual Map 6. Strategic Group Mapping Please provide a detailed response.
Here is a detailed response to your question about analyzing competitors for your new waste collection and recycling application:
1. PEST Analysis: Conducting a PEST analysis helps you understand the external factors that may impact your business. It stands for Political, Economic, Social, and Technological factors. For your waste collection and recycling application, you would examine how government regulations, economic conditions, social attitudes towards recycling, and technological advancements might affect your business. 2. Risk Velocity Heat Map: A risk velocity heat map allows you to assess the speed at which risks can impact your business and their potential consequences. You can use it to identify and prioritize potential risks related to launching and operating your application. Consider risks such as competition from existing waste collection and recycling apps, legal challenges, market saturation, and technology failures. 3. Porter Five Forces Analysis: The Porter Five Forces analysis helps you understand the competitive landscape in your industry. It examines the bargaining power of suppliers and customers, the threat of new entrants, the threat of substitute products or services, and the intensity of competitive rivalry. Conduct this analysis to evaluate the attractiveness of the waste collection and recycling market and identify potential competitive threats. 4. Direct Competitor Analysis: A direct competitor analysis involves analyzing your direct competitors in the waste collection and recycling app market. Identify other apps that provide similar services and compare their features, pricing, target audience, and market share. This analysis helps you understand your competition's strengths and weaknesses, allowing you to differentiate your application and offer unique value to your target customers. 5. Perceptual Map: A perceptual map is a visual representation that helps you understand how customers perceive different products or brands in the market. It allows you to position your waste collection and recycling app relative to other existing apps. Identify key dimensions that customers consider important, such as user-friendliness, reliability, or sustainability, and plot your app and competitors on the map. This analysis helps you identify any gaps in the market that your app can fill. 6. Strategic Group Mapping: Strategic group mapping helps you understand the competitive dynamics within your industry by grouping competitors based on similar strategies and market positions. Identify the key players in the waste collection and recycling app market and categorize them based on factors like target audience, pricing strategy, or service offerings. This mapping can help you identify potential collaboration opportunities or areas where you can differentiate your app from competitors.
By conducting these analyses, you will gain a comprehensive understanding of your competitors, market conditions, and potential risks. This knowledge will enable you to make informed strategic decisions and position your waste collection and recycling app for success.
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Environmental scanning is conducted only when a new business is opened. True or False?
Dennis is doing the bookkeeping for his business. He is determining his assets, liabilities,
and owner's equity so he can see the financial state of his business on any given day.
What financial statement would MOST likely help him with this process?
The financial statement that would most likely help Dennis with determining his assets, liabilities, and owner's equity is the balance sheet. The balance sheet is a snapshot of a business's financial position at a specific point in time. It lists the assets of the business, such as cash, accounts receivable, inventory, and property, plant, and equipment.
By examining the balance sheet, Dennis can see the financial state of his business on any given day. He can see how much cash he has available to operate his business, how much inventory he has on hand, and how much he owes to creditors. He can also see how much of the business's assets are financed by debt and how much by owner's equity. It also lists the liabilities of the business, such as accounts payable, loans payable, and accrued expenses.
Finally, it lists the owner's equity, which is the difference between the assets and liabilities. The balance sheet is an important tool for business owners, as it provides a clear picture of the financial health of the business. It allows Dennis to make informed decisions about how to manage his business and plan for its future. By regularly reviewing his balance sheet, Dennis can identify trends and take action to improve the financial performance of his business.
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What can businesses do in relation to governance related to
public policy? (taxes, subsidies, regulations, and sanctions)
Governance related to public policy involves creating a framework that can guide the business to work within the guidelines, policies, and standards set up by the government.
Businesses need to understand how policies, taxes, subsidies, regulations, and sanctions affect their operations and take the necessary measures to comply with them.For instance, a business can take the following steps related to governance:
Collaborate with the government to create sound public policies that will benefit both partiesEngage with policymakers and lawmakers to address issues that might hinder the business' success such as regulations that favor large companies over smaller ones. Work with the government to implement tax reforms that will improve the economy and provide a more level playing field for all businesses. Adhere to government regulations to avoid sanctions that might affect the business's reputation and operations. Work with regulatory agencies to ensure compliance with safety and environmental standards.
To summarize, businesses must work together with the government and other stakeholders to create and maintain a fair and effective public policy framework that allows the business to thrive while upholding its social responsibility to the community.
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A An investor initially purchased securities at a price of $9,923,418, with an agreement to sell them back at a price of $10,000,000 at the end of a 90-day period. The repo rate is percent.
Answer:
The repo rate is 3.09% percent
Explanation:
We can use the following formula to calculate the Repo rate
Repo Rate = ( ( Sale Price / Purchase Price ) - 1 ) x ( 360 / n ) x 100
Where
Sale Price = $10,000,000
Purchase Price = $9,923,418
n = 90 days
Placing values in the formula
Repo Rate = ( ( $10,000,000 / $9,923,418 ) - 1 ) x ( 360 / 90 ) x 100
Repo Rate = 3.08692%
Repo Rate = 3.09
select the fundamental ideas that make the insurance industry possible. protection from loss will not encourage insured parties to take unnecessary risks. risk is something difficult to assess, but some agents become experts on it. diversification can lower the risk of a total loss. some wealthy individuals are risk-loving. it is possible to transfer risk from one party to another in a mutually beneficial arrangement. insurance companies, unlike people, are completely risk-neutral. lloyd's of london connected which two parties? the more risk-averse with the less risk-averse shipowners with ship crews merchants with shipowners merchants with other merchants merchants with investors
The underlying concepts that enable the insurance sector are:
Protection from loss will not encourage insured parties to take unnecessary risks. Diversification can lower the risk of a total loss.What are defined as the fundamental ideas of insurance industry?Companies that provide risk management through insurance contracts make up the insurance industry.
The fundamental idea behind insurance seems to be that one party—the insurer—will make a financial commitment to cover a future catastrophe that is uncertain. In the meantime, another party—the insured or policyholder—pays the insurer a lower premium in compensation for that security against that hazy future event.The sector's main offering is insurance plans. Annuities for retirees and a variety of corporate pension schemes have, however, been introduced in recent decades. As a result, when offering these kinds of products, insurance companies are in direct rivalry with these other financial asset suppliers.Thus, the correct options are-
Protection from loss will not encourage insured parties to take unnecessary risks. Diversification can lower the risk of a total loss.To know more about the insurance, here
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In a economy, the government owns the means of production.
(a) Command
(b) Market
(c) Real
(d) Inelastic
Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?
Answer:
a completed transaction
Explanation:
This would be recorded as a completed transaction in your mobile banking app transaction history. It would display as completed when the money is deducted from your account. If you click on that transaction in the transaction history it will open it up and display the recipient's name, account number, date it was sent, and total amount including taxes and fees detailed out. This transaction information can be accessed at any time and even has a transaction ID number.
all of the following are commonly used estate planning tools except group of answer choices a will. durable power of attorney and joint ownership of assets. life insurance. gifts and trusts. all of the above are commonly used estate planning tools.
You can utilize estate plans as effective instruments to safeguard your legacy, your estate, your loved ones, and yourself. Yet, there is plenty to learn.
What resources are available in India for estate planning?The two estate planning tools most commonly utilized worldwide are wills and private trusts. As we all know, a will is a traditional idea and is frequently used to leave property to specified legatees. On the other side, trust is a more sophisticated and organized technique that is typically favoured by wealthier families.
Among the following, which is a component of estate planning?A will, guardianship designations, healthcare POA, beneficiary designations, durable powers of attorney, and personal intent letters outlining your wishes in the event that you pass away or become incompetent are all examples of estate planning documents.
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how does inflation and deflation affect economic growth
Answer:
Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.
If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.
Type the correct answer in the box. Spell all words correctly. What do inventory firms use when moving delicate products? Inventory firms use________ belts when moving delicate products.
its not multiple choice- need help!
Answer:
conveyor belts
Explanation:
A conveyor belt is a moving band, e.g. a conveyor belt is used in airports when you are retrieving your luggage after you arrive to your destination. They can be used to transport bulk materials or delicate products. Their length also varies, since they can be very short, e.g. just a few feet, to very long, e.g. transport goods for many yards.
one of the best tax advantaged ways to save for retirement if you are in your 20s and your employer does not offer a retirement plan is to:
One of the best tax-advantaged ways to save for retirement if you are in your 20s and your employer does not offer a retirement plan is to open an Individual Retirement Account (IRA).
An Individual Retirement Account (IRA) is a personal savings account specifically designed for retirement purposes. There are two main types of IRAs: Traditional IRA and Roth IRA.
Traditional IRA :Contributions to a Traditional IRA are made with pre-tax dollars, meaning you can deduct the contributions from your taxable income in the year you make them. The investments within the account grow tax-deferred, and you will pay taxes on the withdrawals during retirement.
Roth IRA: Contributions to a Roth IRA are made with after-tax dollars, so you don't get an immediate tax deduction. However, the investments within the account grow tax-free, and qualified withdrawals in retirement are also tax-free.
Opening a Roth IRA and contributing the maximum allowable amount each year is one of the best tax-advantaged ways to save for retirement if your employer does not offer a retirement plan. It provides the advantage of tax-free growth and tax-free withdrawals in retirement. Starting in your 20s allows for many years of potential growth, maximizing the benefits of compound interest. It's essential to consult with a financial advisor or tax professional to understand your specific circumstances and to ensure you make the best decision for your retirement savings.
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career question #35 easy
enumerate and explain the concepts of entrepreneurship
Answer:
Explanation: Entrepreneurship is the act of setting out on your own and starting a business instead of working for someone else in his business. While entrepreneurs must deal with a larger number of obstacles and fears than hourly or salaried employees, the payoff may be far greater as well
Suppose the United States can produce either 90 apples and 20 oranges or 80 apples and 30 oranges. What is the opportunity cost of producing 1 apple?
Answer: The opportunity cost of producing 1 apple will be 1 orange.
Explanation:
Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.
In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.
This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.
Which statement is the best example of the inelasticity of supply?
A. a wheat farmer must harvest his own crop when it is ripe
B. a pizza parlor makes twice as many pizzas on Saturdays than on Wednesdays
C. a grocery store expands its produce section
D. a barber shop changes it’s hours of operation
Answer:
I think the letter B.????????
Explanation:
pa brainliest nalang po kung tama
Answer:
Explanation:
The Answer is A: a wheat farmer must harvest his own crop when it is ripe
We ran a study in 1,000 villages in Kenya with over one million participants. In each village, we randomly gave half the participants a $1,000 loan. We find the treatment effect is statistically significant on happiness. Is this an unbiased estimate of the effect of our program on happiness?
Yes, the estimate of the treatment effect on happiness in the study is an unbiased estimate.
In a randomized controlled trial (RCT) like the one described, the random assignment of participants to treatment and control groups ensures that any observed differences in outcomes can be attributed to the treatment itself. By randomly assigning half of the participants in each village to receive a $1,000 loan and comparing their happiness levels with those who did not receive the loan, the study design minimizes the potential for confounding factors and selection bias, providing an unbiased estimate of the treatment effect on happiness.
Random assignment helps to ensure that the treatment and control groups are similar in terms of both observed and unobserved characteristics. This means that any differences in happiness between the two groups can be attributed to the treatment (the $1,000 loan) and not to pre-existing differences in their baseline characteristics. The large sample size of over one million participants and the inclusion of 1,000 villages also increase the statistical power and generalizability of the findings.
In summary, the use of random assignment and a large sample size in the study helps to provide an unbiased estimate of the effect of the program on happiness. The findings can be attributed to the treatment itself rather than other factors, giving confidence in the observed treatment effect.
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You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?
Answer:
Total Amount after 2 years = $13196.8
Explanation:
Data Given:
Amount of savings per year = $6400
Interest rate = 6.2%
Find Total Amount in account after 2 year:
Solution:
Lets consider it step by step.
Amount of money deposited in account after 1 year = $6400
After 2 years, we earn 6.2% interest on $6400,which is:
\(\frac{6.2}{100}\cdot6400= 396.8\)
So, after 2 years, BEFORE the 2nd deposit, we have $6400 + $396.8 = $6796.8 in the account.
AFTER 2nd deposit of $6400, total amount we have in account is:
Total Amount = $6796.8 + $6400 = $13196.8
Suppose that a year of college has the following explicit costs: $17000 in tuition, $1000 in books and supplies, and $1500 for a computer. A year of college also has the following implicit cost: $35000 of foregone salary. A rational person would attend one year of college if the additional income and improved quality of life were worth how much
Answer:
A rational person would attend one year of college if the additional income and the improved quality of life were worth more than the cost of attending college for the year or more than $19,500
Explanation:
The given parameters are;
The tuition cost for a year of college = $17,000
The cost of books and supplies = $1,000
The cost for a computer = $1,500
The amount of forgone salary = $35,000
Therefore, the total cost for a year of college = $17,000 + $1,000 + $1,500 + $35,000 = $54,500
However, the amount by which a year in college exceeds the previous income = The cost of going to college $17,000 + $1,000 + $1,500 = $19,500
Therefore, a rational person would attend one year of college if the additional or extra income above the previous income and the improved quality of life were worth more than the cost of going to college for one year which is $19,500.
True or false :Equifax experian and transunion are legally obligated to provide identical information
It should be noted that Equifax experian and transunion are legally obligated to provide identical information.
What is Experian and Equifax?Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.
They help individuals to rate the overall ability to pay back a debt.
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what would be the yearly earnings for a person with $9,000 in savings at an annual interest rate of 1.5 percent?
A individual with $9,000 in savings would make $135 per year at an annual interest rate of 1.5 percent.
You can use the following calculation to determine your annual return on savings: Earnings are calculated as Principal x Interest Rate.
The principal sum (savings) in this instance is $9,000, and the yearly interest rate is 1.5 percent (or, to use a decimal, 0.015).
Earnings are equal to $9,000 multiplied by 0.015.
Income = $135
A individual with $9,000 in savings would therefore make $135 per year at an annual interest rate of 1.5 percent.
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Suppose the cross-price elasticity of demand between hot dogs and mustard is -2. 50. This implies that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to. Fall by 62. 5 percent since the goods are complements. Fall by 62. 5 percent since the goods are substitutes. Fall by 10 percent since the goods are complements. Fall by 10 percent since the goods are substitutes
A 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.
The cross-price elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good. A negative cross-price elasticity indicates that the goods are complements, meaning they are consumed together.
In this case, a cross-price elasticity of -2.50 implies that a 1 percent increase in the price of hot dogs leads to a 2.50 percent decrease in the quantity of mustard purchased. Therefore, a 25 percent increase in the price of hot dogs will result in a 25 * 2.50 = 62.5 percent decrease in the quantity of mustard purchased.
Hence, the correct statement is that a 25 percent increase in the price of hot dogs will cause the quantity of mustard purchased to fall by 62.5 percent since the goods are complements.
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