What is marginal product and how is it calculated?
Answers
A measure of how much production changes when more labor is added is called the marginal product of labor. Simply divide the change in the total product by the change in labor to determine the marginal product of labor.
Explain marginal product?The profit that a business makes for each additional unit (of a good or service) that it sells is referred to as marginal profit. The term "marginal" here refers to the additional cost or profit associated with manufacturing the following unit. On a similar point, marginal cost is the additional expense involved in producing that extra unit, whereas marginal income often refers to the additional revenue that is gained. By deducting marginal cost from marginal revenue (the amount of money made from the sale of an additional unit), one can compute marginal profit (the cost of producing that additional unit). Companies can use marginal profit analysis to help them determine whether to increase output, reduce it, or stop it altogether.
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Related Questions
The opportunity cost of production differs from an accounting definition of a firm's costs because it includes:________
Answers
The opportunity cost of production differs from an accounting definition of a firm's costs because it includes the opportunity cost of assets and financial resources owned by the firm.
What is opportunity cost?The opportunity cost of a particular activity option is the loss of value or benefit that would be incurred (the cost) by engaging in that activity, relative to engaging in an alternative activity offering a higher return in value or benefit. The smaller the opportunity cost, the greater the comparative advantage. For example, if you buy a car and use it exclusively for travel, you cannot rent it, whereas if you rent it you cannot use it for travel. More simply, it means you give up one thing for another. In basic equation form, opportunity cost can be defined as:
"Opportunity Cost = (returns on best Forgone Option) - (returns on Chosen Option)."
The opportunity cost of mowing one’s own lawn for a doctor or a lawyer (who might otherwise make $100 an hour if they elected to work overtime during that time instead) would be higher than for a minimum-wage employee (who in the United States might earn $7.25 an hour), which would make the former more likely to hire someone else to mow their lawn for them.
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Which of the following is an appropriate front and point size selection for a business letter
Answers
Answer:
Times New Roman also remains the default font for many word processing programs. When using Times New Roman in a business letter, set the size as 12-point in order for the document to be read most easily.
Also
If you can't decide between sizes, a 12-point font is usually the reliable choice because it's incredibly common in the business world.
Explanation:
Two characteristics of an autocratic and democratic leadership style
Answers
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
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Choose a country / economy of your interest. Write a short essayof 500- 1000 words on the history of exchange rate regimes in thatcountry starting from around 1973. Comment on whether you feel thec
Answers
When looking at the history of exchange rate regimes in a particular country, it's important to understand the context of the global economy during that time period. From around 1973, the world saw a shift towards floating exchange rates, which meant that the value of a country's currency was determined by market forces rather than being fixed to another currency or a commodity like gold.
In the case of Japan, the country experienced a period of rapid economic growth from the 1950s to the 1970s, known as the "Japanese economic miracle". During this time, Japan's exchange rate regime was fixed to the US dollar, which helped to maintain the competitiveness of Japanese exports and support economic growth. However, by the early 1970s, the US was experiencing high inflation and a weakening economy, which put pressure on the fixed exchange rate system. In 1971, the US abandoned the gold standard and allowed the dollar to float freely, which led to a revaluation of the yen against the dollar. Japan eventually shifted towards a floating exchange rate regime in 1973, which allowed the value of the yen to be determined by market forces. This helped to make Japan's exports more competitive and support continued economic growth. In the following decades, Japan experienced a number of economic challenges, including a real estate bubble in the late 1980s and a long period of deflation in the 1990s and 2000s. Throughout these challenges, the Japanese government and central bank intervened in the foreign exchange market to manage the value of the yen.
Overall, Japan's history of exchange rate regimes reflects the shifting global economy and the importance of maintaining competitiveness in the export sector. While the country has experienced a range of economic challenges, the flexibility of its exchange rate regime has helped to support growth and stability.
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Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
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Please help!! Unit test question 50 pnts!!!! Kyle is applying to be a police officer. In his interview, he describes that he loves watching the news and following current cases. He explains that he is honest, caring, compassionate, and has a very deep sense of integrity. He then explains that he is in excellent physical condition and trains regularly in hand-to-hand combat. He tells them that he is a member of the Police Explorers, a group that trains and rides along with the local police. He also tells them that he graduated at the top of his class and was a state finalist on the mock trial team. Which table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences? A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; physical condition and training; following cases on the news; honest, caring, compassionate, has integrity; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers; physical condition and training; following cases on the news. A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; physical condition and training; grades and mock trial finalist; honest, caring, compassionate, has integrity; Explorers.
Answers
The table is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers. The correct option is (B).
What do you mean by skills, interest?Passion (or Interests): Do I enjoy engaging in this activity? something that you enjoy doing? Is this an activity I have the talent (or skills) for?
There are three categories of skills: self-management, functional, and specialised knowledge. Functional skills are innate aptitudes or capabilities that are refined through practice and education.
Therefore, the table accurately lists Kyle’s personal interests, skills, achievements, values, and experiences is A 2-column table with 5 rows. Column 1 has entries Personal interests, Skills, Achievements, Values, Experiences. Column 2 has entries following cases on the news; honest, caring, compassionate, has integrity; grades and mock trial finalist; physical condition and training; Explorers.
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equipment with a cost of $20,000 and a book value of $6,000 was sold during the year for cash of $18,000. additional equipment was purchased during the year for cash. what was the amount of cash paid for purchases of equipment during the year
Answers
The amount of cash paid for purchases of equipment during the year is $8,000.
Calculating the problem:Accumulated depreciation on Equipment sold = Cost of equipment sold - Book Value = $20000 - $6000 = $14,000
Depreciation expense in operating activities section = Ending Accumulated Depreciation - (Beginning Accumulated Depreciation - Accumulated depreciation on Equipment sold)
= $184000 - ($190000 - $14000)
= $184000 - $176000
= $8,000
What do you mean by depreciation?The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.
Accumulated depreciation is the total amount an asset is depreciated to one point. Each period, the depreciation expense recognized in that period is added to the first accumulated depreciation
Question is incomplete . Missing values are given below:
Equipment beginning of the year = 340,000
equipment end of the year = 420,000
accumulated depreciation beginning of the year =190,000
accumulated depreciation end of the year= 184,000
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From the following information available for Krypton Company, calculate the number of units it must sell in order to break-even. Total fixed factory overhead $700,000 Fixed selling and administrative expenses $500,000 Selling price per unit $500 Unit variable cost $200 a. 4,750 units b. 4,250 units C. 4,500 units d. 4000 units d, 4000 units
Answers
Krypton Company needs to sell 4,000 units in order to break-even. The answer is option d. 4,000 units.
To calculate the break-even point for Krypton Company, we need to determine the total contribution margin per unit, which is the difference between the selling price and the variable cost per unit. In this case, the contribution margin per unit is $500 - $200 = $300.
Next, we need to determine the total fixed costs, which include the fixed factory overhead and fixed selling and administrative expenses, totaling $1,200,000.
To calculate the break-even point, we divide the total fixed costs by the contribution margin per unit:
$1,200,000 / $300 = 4,000 units
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governments of ____ countries can encourage trade by minimizing interference with the free exchange of goods and services.
Answers
Answer:
Developing
Explanation:
How much should Paige have in a savings account that is earning 3.50% compounded quarterly, if she plans to withdraw $1,750 from this account at the end of every quarter for 8 years?
Answers
Paige should have $53,869.60 in her savings account. This is calculated by using the formula for compound interest.
What is savings account?A savings account is a type of bank account which enables customers to save money and earn interest on their deposits. The interest rate is usually lower than that of other bank accounts, but the account may also offer other benefits such as access to an ATM card and the ability to set up direct deposits. This type of account is ideal for those who want to save money for a specific purpose or to build up an emergency fund.
A = P (1 + r/n) ^ (nt)
A = the final amount
P = the principal investment
r = the Interest rate (in decimal form)
n = the number of times the interest is compounded in a year
t = the number of years the money is invested
A = 1750 (1 + 0.035/4) ^ (4×8)
A = 1750 (1.0088125) ^ 32
A = 1750 × 5.3842316
A = $53,869.60
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A pharmaceutical manufacturer is in the race to create a vaccine for COVID-19. The executives want to have their vaccine candidate approved as soon as possible. However, due to their fiduciary responsibility to the company’s shareholders, their vaccine should also be pursued in a manner that maximizes shareholder value. There are four potential risks they are currently scrutinizing: (1) a delay in clinical trial enrollment of patients; (2) a potential FDA hold on the Phase 3 clinical study due to adverse effects on the trial’s patients; (3) unreported adverse effects caused by the vaccine discovered late in the trial; and, (4) the need to rewrite the FDA submission due to errors in the initial written submission.
A PRO assessment was performed on the four identified risks. For each of the risks the estimated cost of mitigating the risk (investment) was determined; the enterprise net present value (NPV) protected was calculated given the investment was made; and, the investment productivity (a.k.a return on investment) for each investment was calculated. The following table summarizes this information.
If the top three most productive investments were approved for implementation, what would be the total investment and how much enterprise value would be protected as measured in NPV?
Answers
The sum of the investments required for the three most productive risks is $19.2 million. The enterprise value that would be protected as measured in NPV would be $56.0 million.
The top three most productive investments can be identified from the given table. These are:
Risk 2: $5.0 million investment with an enterprise NPV protected of $16.0 million and an investment productivity of 3.2
Risk 3: $7.2 million investment with an enterprise NPV protected of $22.0 million and an investment productivity of 3.0
Risk 4: $7.0 million investment with an enterprise NPV protected of $18.0 million and an investment productivity of 2.57
Thus, the total investment required for implementing the top three most productive investments would be:
$5.0 million (for Risk 2) + $7.2 million (for Risk 3) + $7.0 million (for Risk 4) =$19.2 million.
The enterprise value that would be protected as measured in NPV would be:
$16.0 million (for Risk 2) + $22.0 million (for Risk 3) + $18.0 million (for Risk 4) =$56.0 million.
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What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Answers
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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Suppose 2 players play the following game infinite times in the future. What should be the minimum value of the time i discount so that the equilibrium strategy is (Cooperate, Cooperate)? Player 2 Player 1 Cooperate Defect Cooperate (10, 10) (12.2) Defect (2. 12) (6,6)
Answers
To determine the minimum value of the time discount factor (denoted as "i") for which the equilibrium strategy is (Cooperate, Cooperate) in an infinitely repeated game, we need to calculate the present value of payoffs for each strategy combination.
In this game, the payoffs are given as follows:
- (10, 10) when both players cooperate.
- (12, 2) when Player 1 cooperates and Player 2 defects.
- (2, 12) when Player 1 defects and Player 2 cooperates.
- (6, 6) when both players defect.
Let's denote the payoffs for Player 1 and Player 2 as (P1, P2) respectively.
In an infinitely repeated game, players discount the future payoffs by a factor of i at each time period. The present value of a payoff at time t is given by P/(1 + i)^t, where P is the payoff and t is the time period.
For the equilibrium strategy of (Cooperate, Cooperate), both players cooperate in every round. Therefore, the present value of payoffs for both players can be calculated as follows:
Player 1:
P1 = (10/(1 + i)^1) + (10/(1 + i)^2) + (10/(1 + i)^3) + ...
Player 2:
P2 = (10/(1 + i)^1) + (10/(1 + i)^2) + (10/(1 + i)^3) + ...
To find the minimum value of i for which the equilibrium strategy is (Cooperate, Cooperate), we need to set up the following equation:
P1 > (12/(1 + i)^1) + (2/(1 + i)^2) + (2/(1 + i)^3) + ...
Solving this equation will give us the minimum value of i.
Calculating the present value expressions is a bit involved, but we can observe that the payoffs are non-negative, and Player 1 receives higher payoffs when both players cooperate compared to when Player 1 defects. Therefore, we can conclude that the minimum value of the time discount factor (i) for which the equilibrium strategy is (Cooperate, Cooperate) is 0.
In other words, players do not need to discount future payoffs at all to choose the strategy of cooperation in every round of the game.
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Based on the introduction and the job description, which qualities will Sarah need to look for when considering candidates to fill the position at Sarah’s Fruit Pops? List the top three characteristics.
Answers
Answer:
life experiences
Explanation:
high school diploma, college degrees, employment history.
The qualities will Sarah needs to look for when considering candidates to fill the position at Sarah’s Fruit Pops, was an experience.
What are experiences?Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes. Experience, defined as a conscious event in the broadest sense, entails a subject to which various elements are offered.
The job description, high school diploma, college degrees, and employment history. qualities will Sarah need to look for when considering candidates to fill the position at Sarah’s Fruit Pops
Therefore, By having previous experience in the Fruit Pops, These qualities are Sarah looking for in the candidates.
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_______are independent businesses that do not own the products they sell. They act as intermediaries to brinna
buyers and sellers together
Agents and brokers
Wholesalers
Retailers
Final consumers
Answers
Answer:
Agents and brokers
Explanation:
Agents and brokers connect buyers and sellers. They are contracted by either sellers or buyers to help them increase sales or find items to buy. Agents and brokers act on behalf of their clients.
Wholesalers and retailers take ownership of the goods they sell. They first buy the goods, which gives them title to the goods before selling to retailers or consumers. Agent and brokers do not buy goods. They look for buyers or sellers for their clients' merchandise.
question content area top part 1 in how many different ways can a committee of 3 senators be selected from the 100 members of the u.s. senate?
Answers
Two representatives for each state in the US are chosen to serve in the US Senate. Senators are those individuals.
There are 100 senators in the US since there are 50 states. One-third of senators are chosen every two years, and they can only serve for six years at a time. hundred comma five I also receive 75 287 520. The number of methods is that. Out of a total of 100 representatives, we can pick five. A senator must be at least thirty years old, a citizen of the United States for at least nine years, and a resident of the state they will be representing when elected, according to the Constitution.
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A purchase of supplies on account for $3,340 was debited to Supplies for $3,340 and debited to Accounts Payable for $3,340. If the totals on the trial balance are not equal by how much is one column higher than the other?
Answers
A trial balance is an accounting worksheet where the balances of all ledgers are totaled into equal amounts in the columns for the debit and credit accounts.
What is Trial balance ?A corporation occasionally creates a trial balance, often at the conclusion of each reporting period. To check that the entries in a company's bookkeeping system are mathematically correct, a trial balance is generally produced.
A trial balance is not a complete audit of the accounts; rather, it tests a key component of the books in question. Often, a trial balance is used as the starting point for an audit process.
Hence
The ammount will be higher that $ 6680 .
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All of the following are components of aggregate expenditure except _____.
(a) consumption spending
(b) net export spending
(c) actual investment spending
(d) government spending.
Answers
Aggregate expenditure is calculated using the formula AE = C + I + G + NX. The equation, when written out, reads as follows: Total spending = Total Household Consumption.
What doesn't count toward total spending?Transfer payments (such pensions and unemployment compensation) are excluded from G because they would be counted twice. When an economy is open, net exports—defined as total exports minus total imports—are also included in the economy's total spending.
Which 4 expense elements are there?Consumption, investment, net exports of goods and services, and government purchases of goods and services are the four essential categories of expenditures that must be included when calculating the gross domestic product (GDP) (GDP).
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Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's Earnings and Profits (E&P) is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is (A). $31,000 (B). $25,000 (C). $10,000 (D). $4,000
Answers
Answer:
(D) $4,000
Explanation:
Initial amount distributed is $31,000
Earnings and Profit (E & P) $25,000
Therefore, Distribution in excess of earnings and Profit would be;
= Initial amount distributed - Earnings and Profit
=$31,000 - $25,000
=$6,000
Sally basis in her Dixie stock after the distribution would be ;
= Basis - Excess distribution
=$10,000 - $6,000
=$4,000
This is for money skills. Please help
Answers
Answer:
when you divide
Explanation:
based on the prompt, which of these goals should you
have in this assignment? check all that apply.
in this assignment, you will create a multimedia
presentation so that you can communicate your findings
from your previous budget assignment.
you will describe your budget, explain your reasoning,
provide evidence, address opposing perspectives, and
educate your audience.
to influence your audience
to communicate your ideas
to explain your reasoning
to address other perspectives
to create a presentation
Answers
Based on the given prompt, the goals for this assignment include:
A. to influence your audienceB. to communicate your ideasC. to explain your reasoningE. to create a presentation.What is the goal of an academic assignment?The goal of an academic assignment is to provide students with the opportunity to:
Deepen their learningPracticeDemonstrate achievement of the learning goalProvide teachers with evidence of learning.Like business goals, the goal of an academic assignment should be SMART (Specific, Measurable, Achievable, Relevant, and Time-Bound).
Thus, based on the given prompt, the goals for this assignment are Options A, B, C, and E.
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Answer: A,B,C,E
Explanation: got it right :3
What should you do before giving contact information for your references to a potential employer? A. Notify references and get their permission. B. Write a follow-up letter. C. Research the company on its website. D. Introduce your references to each other. picor provided
Answers
Explanation
If you notify and get permission from your reference, they will be prepared with a great response when they get a call from your potential employer.
Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing
Answers
Answer:
franchising marketing
When might a manager change a principle?
Answers
A manager might change a principle when it is no longer feasible or effective for the organization.
What do you mean by principle?
A principle is basically a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning. It is a standard or rule that you use to make decisions about what is right and wrong, and to guide your behavior.
For the given statement, we can take an example of how if a company decides to focus on a new business model, the principles that guide its operations may need to be updated to reflect the new direction. Additionally, if a principle is out of date or no longer applicable, a manager may choose to change it in order to ensure the organization remains competitive.
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For firms engaged in international lending and borrowing, ____________________ can have an enormous effect on profits.
Answers
Creating graphs to reach equilibrium
Answers
On a graph, the point the place the grant curve (S) and the demand curve (D) intersect is the equilibrium.
How do you draw a demand and supply curve at equilibrium?Put the quantity of the top you are requested to analyze on the horizontal axis and its charge on the vertical axis. Draw a downward-sloping line for demand and an upward-sloping line for supply. The preliminary equilibrium charge is determined with the aid of the intersection of the two curves. Label the equilibrium solution.
The equilibrium curve of a given shape represents, to some extent, its behavior. This curve is developed in an (n + 1) dimensional house if the device is of finite dimensions; otherwise, for continuum structures (such as beams, plates, shells, and deformable our bodies in general), the corresponding area is infinite.
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https://brainly.com/question/14297698#SPJ9Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment
Answers
Answer:
Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.
Explanation:
Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.
Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :
build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.Four Ways through which Schools can promote Entrepreneurship include the following
Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.What is Entrepreneurship ?Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.
Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.
Entrepreneurship brings about creativity and as such value is created which leads to more wealth.
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car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured. this best illustrates which core principle?
Answers
car insurance shelters drivers from the possibility of losing all their wealth in the event that they cause an accident in which someone is seriously injured this best illustrates the core principle Risk requires compensation.
Typically, compensation refers to the economic price given to a person in trade for their offerings. In the place of the job, reimbursement is what's earned through employees. It consists of profits or wages similarly to fees and any incentives or perks that include the given worker's role. Repayment Definition. Compensation is the overall coins and non-coins bills which you give to a worker in alternative to the work they do for your business. It's commonly considered one of the largest expenses for organizations with employees. Compensation is greater than an employee's normal paid wages.
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Why is it important to learn to be a team player
Answers
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems. Collaboration within a group can help solve difficult problems. Brainstorming is a good opportunity for the team to exchange ideas and come up with creative ways of doing things.
Explanation: