Answer:
Opportunity costs
Explanation:
An advantage, benefit, or benefit of something that must be offered up to obtain or accomplish something different. Since each resource can be put to elective uses, each activity, decision, or choice has a related open opportunity cost.
for instance, you invest energy and cash going out to see a film, you can't invest that time at home perusing a book, and you can't spend the cash on something different.
Explanation:
The journal entries are shown below:
a. Depreciation expense A/c Dr $4,070
To Accumulated Depreciation - Equipment A/c $4,070
(Being depreciation expense is recorded)
b. Cash A/c Dr $21,900
Accumulated Depreciation - Equipment A/c $40,340
Loss on sale of an equipment $14,540
To Equipment $76,780
(Being sale of equipment is recorded and the remaining balance is debited to the loss on sale of an equipment)
The accumulated depreciation is computed below:
= $36,270 + $4,070
= $40,340
a. staff training and education
b. the risks of their products or program
c. program outcomes
d. personal testimonials
An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recuperate. This is an example of financial risk management in which the entrepreneur tries to reduce the risk.
Further Explanation:
Entrepreneur:
Entrepreneur is a person who alone can start his business. He is the only owner of his business. He does not have any partnerships with other people. He takes all the losses in the business. He also earns all the profit asan entrepreneur. The successful entrepreneur is those who have the ability of leadership and risk management.
Financial risk is a type of risk loss in which the business is going to lose due to cash shortage. The entrepreneur puts backup funds to meet future losses in the business. Risk management refers to the process in which the entrepreneur manages the risk that may be occurred. This is an example of risk-reducing, as an entrepreneur maintains a savings account if the business faces a loss. The loss can be set off by the savings money available in bank balance. Backup funds are those funds which entrepreneur maintain to meet the unexpected expenses and losses occurred in the business.
Learn more:
1. Learn more about portfolio
2. Learn more about a savings account
3. Learn more about profit margin
Answer details:
Grade: Middle School
Subject: Business
Chapter: Entrepreneurship
Keywords: An entrepreneur, keeps backup funds, savings account,business, experiences a loss, able, recuperate, type of risk management, an example, financial risk, reduce risk, earns profit, shortage, own business.
The term for two or more workers working together to accomplish a common goal is a 'team'. An example of a team is workers on an assembly line, each responsible for a specific task leading to a final product. The effectiveness of a team though depends on the synergy among its members.
The term for two or more workers functioning together to achieve a common goal or purpose is called a team. This term is frequently used in the business and corporate world. Teams are formed in response to various factors like shifts in technology, economics, globalization, and changes in workplace demographics.
One applicable example of team-working is an assembly line, where the labor is divided among different individuals, each responsible for a specific task (as shown in Figure 1.4). All the team members' work is interconnected and necessary for the accomplishment of the final product, thus working towards a common goal.
Team structures, however, do not always guarantee enhanced productivity, and are an active area of research. The effectiveness of a team greatly depends on the coordination, cooperation and communication among its members.
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