Student Loan:
Grant or Scholarship
The major difference between loans and scholarships is that loans will have to be repaid and scholarships do not.
Answer:
Student Loan
- Borrowed money that needs to be repaid
- Part of credit history
Grant or scholarship
- Given based on financial need
- Given based on academic achievement and financial need
Explanation:
Just took the test
True or false
Answer:
False.
Explanation:
People and families have limited resources. Households' income limit is often their salary. Even with financial income or extra activities, household resources are limited. Thus, in the face of unlimited desires, it is necessary to reconcile the desire for unlimited consumption with limited income.
deductions
unknown
contributions
The correct answer is B. Deductions.
Explanation
A wage is a term used to refer to the salary or money a person receives in exchange for work. This is paid by the company or employer every certain tie. Additionally, after the development of the rights and duties of the workers, wages changed, this includes the fact nowadays the workers must pay deductions which are amounts of money withheld to cover benefits such as health insurance, education, pension funds, or some obligations such as taxes. So, the correct answer is B. Deductions.
Amounts withheld from your gross wage are deductions.
Corporate sponsorship is a promotional tool in marketing.
The correct answer is option C.
The correct answer is option C. corporate sponsorship. Corporate sponsorship is a marketing approach that involves a company providing financial support to an event or organization in exchange for promotional benefits. It is a form of promotion where the company's name and logo are associated with the event or organization, helping to raise awareness and enhance brand recognition.
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b. royalties.
c. commission.
d. profit.
When a business earns more money than it spends, the entrepreneur is paid from the profit. Hence option D is correct.
Profit is the positive difference between a business's total revenue and its total expenses, including the cost of goods sold, operating expenses, and taxes. It represents the financial reward for the entrepreneur's efforts in successfully managing and running the business.
This surplus amount can be used to compensate the entrepreneur for their investment of time, expertise, and capital, as well as reinvest in the business's growth and expansion.
It is a key indicator of a business's financial health and sustainability, allowing the entrepreneur to reap the rewards of their hard work and strategic decisions.
Therefore option D is correct.
Learn more about profit here
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