BUSINESS HIGH SCHOOL

An entrepreneur takes a risk to create a new product or a better way to operate a 4. a. True
b. False

Answers

Answer 1
Answer: It is true :) :) :) like if this helped 
Answer 2
Answer:

Answer:

ture

Explanation:

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The unemployment rate may overestimate the true extent of unemployment if:__________a. manypart-time employees would like to work full-time, but are unable toget the additionalwork.
b. manypeople become discouraged and cease looking for work.
c. peoplefalsely claim that they are actively seeking work in order toreceive unemployment benefits.
d. manypeople who claim to be unemployed actually work in the undergroundeconomy.
e. eitherc. or d. occurs.

Answers

Answer:

a.

Explanation:

many part-time employees would like to work full-time, but are unable to get the additional work.

You have a balance of $15,000 for your tuition on your American Express credit card. If your APR is 21%, you make no further charges, and each month you make only the minimum payment of 3% of your balance, then the formula for the balance after t monthly payments is given by 15,000(0.986975)t. What will the balance be after 10 years?

Answers

Answer:

$3,110.50

Explanation:

If the formula for calculating your credit card balance after t monthly payments is $15,000 x (0.986975)∧t, and t = 120 (= 10 years x 12 payments per year);

your credit card balance will = $15,000 x (0.986975)∧120 = $15,000 x 0.20737 = $3,110.50 after 10 years.

It is never a good idea to only pay the minimum monthly payment, since it takes forever to pay your credit card debt.

Net worth is the amount you owe creditors.
a. True
b. False

Answers

Answer:

False

Explanation:

Net worth is the amount money from the assets you own minus your debts.

Which statement about American prisons is correct?A. More people are sent to prison for violent crimes than non-violent crimes.
B. Drug offenders are the main reason for increased jail population.
C. There are no alternatives to the traditional prison system for drug offenders.
D. White users are more likely to be imprisoned than African-Americans.

Answers

B. Because D is highly wrong! There are more African-American people in jail than other races. The large war on Drugs put MANY people in jail, yet the state will put anyone in for even the smallest thing. 

Most of some of the longer prison sentences were given for Drugs.. Other crimes maybe life, but not all. 

On March 1, Green went to Easy Car Sales to buy a car. Green spoke to a salesperson and agreed to buy a car that Easy had in its showroom. On March 5, Green made a $500 down payment and signed a security agreement to secure the payment of the balance of the purchase price. On March 10, Green picked up the car. On March 15, Easy filed the security agreement. On what date did Easy’s security interest attach?a. March 1.
b. March 5.
c. March 10.
d. March 15

Answers

Answer:

C: March 10

Explanation:

In this scenario he signed the security agreement on the 5th of March, picked up the car on the 10th of March, and filed the security agreement on the 15th of March.

Even though he signed the agreement on the 5th of March (which would be believed is the day that the security interest is attached), he only took it into his possession on the 10th. Only once you take the car into your possession does the security interest attach, since it is no longer in the possession of the car dealer.

Liam uses his credit card regularly and always pays the minimum payment on his credit card statement each month. It is MOST LIKELY that Liam’s credit card balance will ________ over time.A. increase

B. decrease

C. stay the same

D. Paid in full

Answers

Answer:

A. increase

Explanation:

Liam has not been clearing his credit card as per the monthly statement. It means that every month, he carries a balance to the next month.

Credit cards charge an interest rate known as the Annual Percentage Rate APR. Credit cards APR is among the highest interest rate in the market today. On average, the APR rate is about 21 percent.

When Liam does not clear his balance for the month, it means the amount carried forward will be subject to the APR. His debts will include the interest and regular expenses. The interest on a credit card is calculated and applied every month. Carrying forward balances then means this month's balance plus interest becomes a new balance for the next month. Interest charged in the previous month will subject to attract interest in the coming month.

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