In 1–3 sentences, explain the role of entrepreneurs in the economy.

Answers

Answer 1
Answer:

ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are

1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.

2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.

3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.

Answer 2
Answer: to create economic growth and develoment by reducing unemployment and developing skill of citizens to meet the job requirements

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The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. What is the par value of each share?a. $40
b. $50
c. $500
d. $400
With _______ insurance, the insured agrees to pay a specific premium each year until death.
a. whole-life
b. endowment life
c. limited-payment
d. half life

Answers

The right answer for the question that is being asked and shown above is that: "c. $500." The Waverly Brush Company issued 4,000 shares of common stock worth $200,000.00 total. The par value of each share is c. $500.

The right answer for the question that is being asked and shown above is that: "c. limited-payment." With limited-payment insurance, the insured agrees to pay a specific premium each year until death.

Keystone Foods, which invented the individual quick freeze process for beef, provides McDonald's with millions of pounds of chicken, beef, and fish annually for use in its restaurants. The firm sources the animal proteins from farms and processes them in a variety of ways, such as breading or freezing, before selling them to McDonald's. Keystone is operating in __________ market.

Answers

Answer:

industrial

Explanation:

Generally companies can focus on producing goods and services for final consumers (B2C market), for other businesses (B2B market) or for the different government levels (public contracts).

In this case, Keystone Foods focuses on business-to-business (B2B) markets since it provides intermediate goods to other companies that later processes them into final goods that are purchased by final consumers.

You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be _____.

Answers

You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.
Hope it helps.

At a recent training seminar of QRS Corp., employees were given slips of paper with job titles on them and were then given a scenario and told to act out the role represented by the job title they were given to better understand those roles. This kind of training is called:

Answers

Answer:

Role playing

Explanation:

When employees are given slips of paper with job titles on them and were then given a scenario and told to act out the role represented by the job title they were given to better understand those roles. This kind of training is called role playing.

Role playing is an active learning technique under a realistic situation by employees (trainees) with the supervision of the trainer.

A business’ efforts to sustain the planet and their participation in ecological movements are part of a firm’s ________. Select one:a. free enterprise system
b. stakeholder responsibilities
c. factors of production
d. social responsibility

Answers

Answer:

The correct answer would be option D, The firm's Social Responsibility.

Explanation:

Ecological movement is sometimes called the environmental movement. It is the movement to address the environmental issues like conservation of energy, conservation of green earth, conservation of water, etc. It is the diverse scientific, social and political movement which addresses the environmental issues. So when an organization participates in this ecological or environmental movement, the firm is said to be fulfilling its corporate social responsibility.

A business’ efforts to sustain the planet and its participation in ecological movements are part of a firm’s social responsibility. Thus, option D is appropriate.

A firm or individual has a moral responsibility to take selections or activities that are beneficial to and useful to society. Social responsibility in business is known as corporate social responsibility or CSR.

A person has a moral obligation to work and collaborate with other people and organizations for the good of the community which will inherit the world that they leave behind. This is known as corporate social responsibility (CSR)

Thus, option D is correct.

Learn more about Social Responsibility here:

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Through _______________, it is possible to quantify the trade-offs to determine whether to accept or reject environmentally-related activities and programs.

Answers

The answer is "risk management".


Risk management is the way toward distinguishing, evaluating and controlling dangers to an association's capital and income. These dangers, or dangers, could originate from a wide assortment of sources, including money related vulnerability, legitimate liabilities, key administration mistakes, mishaps and cataclysmic events. IT security dangers and information related dangers, and the hazard the executives systems to lighten them, have turned into a best need for digitized organizations. Thus, a hazard the executives plan progressively incorporates organizations' procedures for recognizing and controlling dangers to its advanced resources, including restrictive corporate information, a client's actually recognizable data and protected innovation.