The narrowest definition of money excludes currency in the vault at the bank. So the correct answer is option (c) currency in the vault at the bank.
The narrowest definition of money excludes:
Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.
Contract—often used with down—to lessen the breadth or scope of. Limit—often used in conjunction with down—2: to narrow the range or sphere of, reducing the options available. Transitory Verb: contract—often used with down—to diminish in width or extent. Narrow.
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A company recorded an event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income. This event could have been due to ______.
An event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income could have been due to borrowing money with a two year term to maturity.
The maturity date also known as a final maturity date can be defined as the date on which a debt obligation is to be redeemed, as agreed upon contractually. Maturity date also can be described as the date on which the final payment is due on a loan or other financial instrument, such as a bond or term deposit, at which point the principal is due to be paid.
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What do economists mean by an economically efficient level of pollution? the economically efficient level of pollution is that amount where.
Pollution is most effectively produced when its total benefits outweigh its total costs by a large enough margin. When the marginal benefit of the an extra item of pollution is equal to its marginal cost, this situation arises.
What is Pollution?
The introduction of pollutants into the environment that have a negative impact on it is known as pollution. Pollution can be any kind of material or energy. Both naturally occurring contaminants and foreign substances/energies can be considered pollutants, which are the elements of pollution. Despite the fact that natural disasters can result in environmental pollution, the word pollution generally implies that contaminants came from an anthropogenic source, or a source made possible by human activity. Point source and nonpoint source pollution are two common categories for pollution. Nine million people died worldwide in 2015 as a result of pollution. With little discernible progress against pollution, this remained constant in 2019. 34 of these previous deaths were caused by air pollution. The most prevalent types of pollution are air pollution, light pollution, litter, pollution, plastic pollution, contamination of the soil by radioactive agents, thermal pollution, visual pollution, and water pollution.
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the four key problem-solving steps occurring during the agreement stage: brainstorm as many solutions as possible, develop an action plan, implement the action plan, and evaluate outcomes and the process.
The agreement stage incorporates four key problem-solving steps. Each is briefly described below:
Brainstorm as many solutions as possible: in the first step, several possible solutions to a problem are analyzed so that the best optimal solution can be considered.Develop an action plan: in this stage, a comprehensive plan is developed in which tasks are assigned to respective individuals with the resources to be used and the required amount of time to complete the tasks. Implement the action plan: this is the execution phase where the actual implementation of tasks is performed based on the requirements mentioned in the action plan.Evaluate outcomes and the process: this is the last step in which generated results and outcomes are evaluated to check if they are implemented as intended.You can learn more about problem-solving steps at
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How will retirement affect us today If your parents are not prepared for retirement?
Please answer as soon as possible. Thanks
Answer:
They would not have the money to raise you and retire, so being ready for retirement is a must.
Explanation:
rust industrial systems company is trying to decide between two different conveyor belt systems. system a costs $320,000, has a four-year life, and requires $117,000 in pretax annual operating costs. system b costs $400,000, has a six-year life, and requires $111,000 in pretax annual operating costs. both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. whichever project is chosen, it will not be replaced when it wears out. the tax rate is 21 percent and the discount rate is 10 percent. calculate the npv for both conveyor belt systems.
The NPV of both System A and System B are -$559,736.92 and -$720,939.16. The firm choose System A conveyor belt system.
System A
Initial Investment in System A = Cost of System A = $320,000
Life of System A = 4 Years
Annual Depreciation of System A as per SLM = Cost of System A / Life
= $320,000 / 4
= $80,000
Pretax Annual Operating Costs = $117,000
Annual Operating Cash Flow = (-Pre-tax Annual Operating Cost - Annual Depreciation) × (1-Tax rate) + Annual Depreciation
= (-$117,000 - $80,000) × (1-0.21) + $80,000
= (-$197,000 × 0.79) + $80,000
= -$155630 + $80,000
= -$75630
NPV of System A = Present value of Operating Cash Flows - Initial Investment
Calculation of Present Value of Operating cash Flows
Present value of Operating cash Flows = Annual Operating Cash Flow × Present value Annuity factor of 10% for 4 Years
= -$75,630 × PVAF(10%,4)
[tex]PVFA(i,n)=\frac{1-\frac{1}{(1+i)^n} }{n}\\PVFA(10,4)=\frac{1-\frac{1}{(1+0.1)^4} }{0.1}\\\\=3.16986545[/tex]
= -$75630 × 3.16986545
= -$239,736.92
NPV of System A = Present value of Operating Cash Flows - Initial Investment
= -$239,736.92 - $320,000
= -$559,736.92
System B
Initial Investment in System B = Cost of System B = $400,000
Life of System B = 6 Years
Annual Depreciation of System B as per SLM = Cost of System B / Life of A
= $400,000 / 6
= $66,666.6667
Pretax Annual Operating Costs = $111,000
Annual Operating Cash Flow = (-Pre-tax Annual Operating Cost - Annual Depreciation) × (1-Tax rate) + Annual Depreciation
= (-$111,000 - $66,666.6667) × (1-0.21) + $66,666.6667
= (-$177,666.667 × 0.79) + $66,666.6667
= -$140,356.6667 + $66,666.6667
= -$73,690.00
NPV of System B = Present value of Operating Cash Flows - Initial Investment
Calculation of Present Value of Operating cash Flows
Present value of Operating cash Flows = Annual Operating Cash Flow × Present value Annuity factor of 10% for 6 Years
= -$73,690 × PVAF(10%,6)
[tex]PVFA(i,n)=\frac{1-\frac{1}{(1+i)^n} }{n}\\PVFA(10,6)=\frac{1-\frac{1}{(1+0.1)^6} }{0.1}\\\\=4.3552607[/tex]
= -$73,690 × 4.3552607
= -$320,939.16
NPV of System B = Present value of Operating Cash Flows - Initial Investment
= -$320,939.16 - $400,000
= -$720,939.16
NPV of System A = -$559,736.92
NPV of System B = -$720,939.16
Since System A's NPV is less negative, System A ought to be picked.
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an increase in the price of blueberries would lead to a(n) a. increased supply of blueberries. b. a movement up and to the right along the supply curve for blueberries. c. a movement down and to the left along the supply curve for blueberries. d. both a and b are correc
A movement up and to the right along the supply curve for blueberries impact on the increase in blueberry prices.
The supply curve can be described as a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In the supply curve, the quantity supplied will appear on the horizontal axis while the price will appear on the left vertical axis. In economics, supply can be described as the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.
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the congressional legislation that extended an array of benefits, including unemployment pay, educational scholarships, low-cost mortgage loans, pensions, and job training, to millions of returning veterans beginning in 1944 was called
The Servicemen's Readjustment Act, also known as the GI Bill of Rights, was a piece of congressional legislation that began providing a variety of benefits to millions of returning veterans in 1944, including unemployment compensation, educational scholarships, low-cost mortgage loans, pensions, and job training.
What is unemployment?
According to OECD (Organisation of Economic Co-operation as well as Development), unemployment is defined as people over a certain age (typically 15) who are not currently employed or self-employed but are nonetheless currently available for employment during the time frame. The number of unemployed people as a percentage of the labour force serves as a proxy for unemployment, which is expressed as the unemployment rate. A nation can affect unemployment and the state of the economy, for instance, through its fiscal policy. Furthermore, a nation's central bank or other monetary authority can affect the cost and availability of money by enacting monetary policy.
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dave had little patience with his team who opposed his ideas. he had a strong need to be right despite the circumstances. what kind of communicator does dave seem to be? question 6 options: a) provisional b) certain c) strategic d) neutral
Dave seem to be certain communicator. He had little patience with his team who opposed his ideas. He had a strong need to be right despite the circumstances.
Communicators who talk with certainty appear narrow-minded and not willing to listen to other points of view, whereas provisional communication entails recognizing other different points of view and possibilities. Certainty language implies that there is just one solution, and the speaker knows it. He has a strong need to be right despite the circumstances. The use of provisional language indicates to the listener that the communicator is open to ideas.
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Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
CAZ Investments enters the expanding institutional ownership market with a focus on the final holdout league.
Institutional multiteam ownership is one of the market phenomena that has recently drawn the most attention. The nation's biggest leagues have long prohibited the practice, but barriers are beginning to fall as a result of the urgent need for cash and the skyrocketing franchise costs that have priced out many potential buyers.
Despite the market's relative youth, many early adopters are testing the waters. After becoming the first fund to receive approval to do so in 2019, Dial Capital's Home Court Partners bought modest percentage shares in a number of NBA clubs, including the Atlanta Hawks, Phoenix Suns, and Sacramento Kings.
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irrational decision making in markets results in: externalities. evidence that the rational rules do not lead to their claimed outcomes. some supply decisions not matching marginal costs, and some demand decisions not reflecting marginal benefits. consistent overproduction.
An irrational decision making in market result in supply decisions not matching marginal costs, and some demand decisions not reflecting marginal benefits.
The marginal cost is the trade in total production cost that comes from making or generating one additional unit. To calculate marginal fee, divide the exchange in manufacturing charges by the trade in amount.
The amount of marginal cost varies according to the quantity of the good being produced. economic elements that impact the marginal value consist of facts asymmetries, advantageous and negative externalities, transaction costs, and charge discrimination. Marginal cost is not associated with fixed expenses.
Marginal cost refers back to the increase or lower within the price of manufacturing one more unit or serving one more patron. it is also called incremental fee.
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After the airline mergers, the four remaining airlines had an increased level of market power. For consumers, this meant that they had to pay.
After airline mergers, the four remaining airlines had an increased level of market power. For consumers, this meant that they had to pay: a. higher prices, regardless of consumer demand.
On routes with more potent opposition, mergers decrease the frequency more, probably due to a larger impact on the marketplace structure.
Whilst the merging airways manipulate all of the flights, mergers have almost no impact on the frequency. The second set-up makes use of the marketplace shape before the merger.
Competition – M&A within the airline enterprise assists to reduce competition appreciably. This facilitates airways to obtain higher working margins.
Alternatively, passengers may also face better airfares. Passenger advantages -Passengers, who're enlisted for frequent-tour schemes could have higher mileage pints.
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the process of crafting operational strategy include all of the following except: group of answer choices analyze operations and environment generate tactical alternatives deploy strategies measure, benchmark, review and adjust
The process of crafting operational strategy is Generate tactical alternatives .
Option B is correct
Capacity Issues In Special- Order Decisions:A special order decision is a short- term decision to determine if a company should supply a product or service to a client. Besides applicable manufacturing costs of the order, the company will also need to consider if they've redundant capacity to deal with the order. redundant capacity relates to the quantum of spare manufacturing capacity to manufacture products relating to the special order.However, current product and deals will have to be offered, If a company doesn't have sufficient redundant capacity. This will affect in occasion costs incurred and will have to added to the applicable cost of the special order.
What's tactical and strategic?While strategy is the action plan that takes you where you want to go, the tactics are the individual way and conduct that will get you there. In a business environment, this means the specific conduct brigades take to apply the enterprise outlined in the strategy.
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PLEASE HELP ACCOUNTING
Question 4 of 10
Which of the following should be included in
any journal entry?
A. A calculation of owner's equity
B. Either a debit or a credit
C. The total debits and credits for
the period
D. Both a debit and a credit
Answer:
The answer is D.
Explanation:
In a journal entry you are balancing your accounts. You have Debits and Credits. Think of the acronym DEAD when determining which is which. DEAD is Debits = expenses, assets, and dividends. Debits are always balanced out by credits. So for example if you had rent to pay, you would list that as a debit (it is an expense). The credit would be cash (cash is NOT an asset when thinking in terms of accounting).
SO:
10/12/22 Rent Expense $500
Cash $500
For everything, there is a balance. You want to know what counters a given account.
unite labor union and three-strikes labor union are the labor unions of an airline company. unite labor union represents the interests of the flight crew, whereas three-strikes labor union represents the interests of the ground staff. when three-strikes labor union went on a strike to negotiate better pay, unite labor union went on a strike to support three-strikes labor union, even though unite labor union did not have any dispute with the company. the given scenario illustrates a(n)
The given scenario illustrates a sympathy strike where, unite labor even though they do not have any dispute with company they went on strike to support the three-strikes labor union.
When one labor union engages in a strike in support of some other that is engaged in a disagreement, even if the first union seems to have no problems with the company, this is recognized as a sympathy strike. Employees in one company began the strike, and employees in another, related industry ended up joining them in their activities.
A no-strike provision in an employment agreement is not infringed, according to certain courts, when there is a sympathy strike or general strike. Also, when one labor group simply refuse to work when another labor union is in conflict with the company or on strike can also be termed as sympathy strike.
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What type of communication provides powerful analytics that allow entrepreneurs to determine the effectiveness of their communication efforts?
O A. Interior communication
О в.
OC.
Nonverbal communication
Social media communication
D. Creativity communication
An appropriate choice is option (c). Business owners can use social media communication's robust analytics to assess the success of their communication efforts.
Social media communications are what?A communication method based on the internet is social media. Users can converse, share knowledge, and publish content online via social media platforms. Social media describes how individuals interact with one another through the creation, sharing, and/or exchange of knowledge and ideas in online groups and networks.
What constitutes effective corporate communication?Interaction between people is facilitated via communication. Entrepreneurs continually aim to enhance their communication skills because doing so will help them share and express their ideas clearly, as well as interact with their team, clients, and coworkers in a better way.
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Why do economists believe that market‑based strategies are more likely to achieve efficient pollution abatement than regulatory agencies?.
Because the firm will seek low-cost options that will maximize profit and responding to price is less is more likely to lead to an efficient outcome.
In the financial idea, earnings are the excess earned above the normal go back on capital. earnings turn out to be the more of general revenue over the opportunity rate of manufacturing the coolest. thus, a business enterprise incomes zero economic income is still incomes a normal or aggressive go-back.
Profit is an absolute extensive variety decided with the resource of the number of profits or sales above and beyond the costs or expenses a business enterprise incurs. it is calculated as overall sales minus general charges and looks at an enterprise's earnings announcement.
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by creating its own direct sales force, a company can multiple choice question. circumvent the need for distributors or dealers. reduce materials handling and shipping costs. outsource certain value chain activities. eliminate middle management.'
By creating its own direct sales force, a company can circumvent the need for distributors or dealers.
A sales force is required by a business to distribute its products and promote them in the market.
If a business employs its own direct sales force, then it can prove to be a lot more cost-effective than hiring sales officers from a different company.
A direct sales force can help in the management of proper sales of a product and increase the sale of a product. A business will not have to search for different distributors and dealers if they make a direct sales force. Direct sales force can prove to be more cost-effective as well as time effective.
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a company has the opportunity to invest in one of two mutually exclusive projects. project a has an initial cost of $1.2 million and cash flows with a present value of $4.5 million. project b has an initial cost of $2 million and cash flows with a present value of $5 million. which project should the firm choose to invest in? multiple choice question.
Project A because it has a higher Net Present Value For project A, NPV=initial investment + PV of cash flows= -$1.2 million + 4.5 million = $3.3 million. For project B, NPV=initial investment + PV of cash flows= -$2 million + 5 million = $3 million.
A sequence of free cash flow that take place at various points in time are covered by the net present value. The timeframe between now and a cash flow determines the present value of that cash flow. The discount rate is another factor.
To evaluate the profitability of a proposed investment or project, NPV is employed in capital budgeting and investment planning. The outcome of computations to determine the current value of a stream of payments in the future is NPV.
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strategic recruiting decisions include all of the following except: a. make or buy b. technology vs. people c. which applicant should be interviewed d. promote from within or look outside
Strategic recruiting decisions include all of the following except c. which applicant should be interviewed.
In the field of business, strategic recruiting is referred to as formulating ways through which the best candidates can be hired.
These decisions include whether technology will be better or people for a certain task. Strategic recruiting decisions also include the thinking process of whether it will be feasible to promote people for a job or to hire a new person for it.
However, which application is to be interviewed does not come under strategic recruiting decisions.
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an umbrella policy is designed to cover: group of answer choices expensive personal property. additional buildings on your property. property when traveling away from home. major personal liability claims. flood damage.
Major personal liability claims are intended to be covered by an umbrella policy.
What is an umbrella policy?Umbrella insurance is a sort of personal liability insurance that provides coverage for claims that exceed the restrictions of a normal homeowner's, auto, or watercraft policy. Other members of the policyholder's family or household are also protected by umbrella insurance in addition to the policyholder.
How is personal liability addressed in this case?Personal liability insurance is all about providing you and your loved ones with financial stability. Your homes policy's personal liability coverage offers protection for claims of bodily injury and property damage experienced by third parties for which you or other members of your household who are covered by the policy are legally liable.
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the recording of direct labor will result in a: multiple choice question. debit to work in process inventory and credit factory wages payable debit to factory wages payable and a credit to work in process inventory debit to work in process inventory and a credit factory overhead debit to factory overhead and a credit work in process inventory
Direct labour recording will result in a credit for Factory Wages Payable and a debit for Work in Process Inventory.
In any production round, items that are partially finished are referred to as "work in process" (WIP) inventory. The entire cost of unfinished goods currently being produced is referred to as work in process in manufacturing and supply chain management.
Higher WIP inventory levels are favourable since they can accommodate an increase in demand and shorten cycle times due to the additional manufacturing material. If demand is lower than anticipated, this could result in waste as well as higher storage costs and obsolescence risk.
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total bundle am owns a home-based embroidery business. he is considering buying a new sewing and embroidery machine. the janome memory craft 14000 sewing and embroidery machine bundle is priced at $6, 500. it will save approximately 60 hours of time (valued at $20 per hour) and will cost $600 to maintain. as an alternative, sam estimates that purchasing the janome mb-4s four needle embroidery machine will save approximately 30 hours of time (valued at $20 per hour), and the machine will cost $500 to maintain. based on the economic value to the consumer, what is he most that sam should be willing to spend on the janome mb-4s?
MB-4s four needle embroidery machine will save approximately 30 hours of time and the machine will cost $500 to maintain. based on economic value to the consumer Sam should be willing to spend 5900 on MB-4S.
Permit Sam to purchase the MB-4S using X.
Janome Memory Craft 14000 value is calculated as follows: 60*20 - 6500 = 1200 - 6500 = -5300
30*20-X = 600-X is the value of the MB-4S.
Now,
600 - X = -5300
X = 5300+600
X = 5900
Sam needs to have $5,900 available for the MB-4S.
A sewing or embroidery machine is used in the machine embroidery process to embroider patterns onto textiles.
Economic value is the value assigned to a good or service based on consumer preferences and the trade-offs they make in light of their limited resources.
The price a person is willing to pay for a good or service while keeping in mind that the money could be used for other things is the item's economic value. The economic worth, however, may alter if the cost of the commodity or service varies.
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using the following assumptions, what was the change in cash from financing? starting cash was $10,000, increase in inventory by $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 and an increase to bank loans by $3,000.
The change in cash from financing will be $3,000, due to a loan taken from banks amounting $3,000 as there is inflow in cash flow.
The other four components such as increase in inventory worth $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 do not cause any change in cash flow of the company whereas loan amount worth $3,000 will lead to an increase in cash, hence cause change in cash from financing worth 3,000.
The net amount of cash and cash equivalents flowing into and moving out of a business is known to as cash flow. Money being spent and money collected reflect the inflows and outflows correspondingly.
The complete question is here:
Using the following assumptions, what was the change in cash from financing? Starting cash was $10,000, increase in inventory by $5,000, increase in accounts payable by $8,000, decrease to accounts receivables by $2,000 and an increase to bank loans by $3,000.
Select one:
a. -$3,000
b. $13,000
c. $3,000
d. $6,000
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A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can.
A basic test of the usefulness of the market segmentation process is whether it leads to tangible marketing actions that can. increase sales and profitability
What's market segmentation illustration?
Common exemplifications of market segmentation include geographic, demographic, psychographic, and behavioral. Companies that understand market parts can prove themselves to be effective marketers while earning a lesser return on their investments. The three main types of market segmentation are demographic, psychographic, and behavioral. Demographic segmentation divides people grounded on their age, income, education position, and occupation. Some exemplifications of companies that use demographic segmentation include insurance providers, healthcare companies, and banks.
What's tangible marketing?Tangible marketing consists of all types of print media. exemplifications include books, magazines, journals, leaflets, direct mailers, bills, promotional particulars, business cards and more.Tangible marketing is the use of promotional particulars to contribute to brand recognition and client fidelity. Gifts and gifts should be approached with a defined strategy in order to produce the loftiest impact for your marketing bones.
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Which of the following financial institutions does not take customer
deposits?
A. Investment bank
B. Credit union
C. Commercial bank
D. Savings bank
Option (A) Investment bank is correct.
Investment bank does not take customer deposits.
What meant by Investment bank?Investment banks are financial institutions that sell their services and act as a middleman in complex transactions like mergers or a startup's initial public offering (IPO). They are also capable of acting as brokers or financial advisers for significant institutional clients like pension funds.
Investment banks do not accept deposits; rather, they help individuals, groups, and governments raise money by issuing securities. Investment companies, often known as mutual fund companies, pool money from institutional and ordinary investors to offer them access to a greater variety of assets. While some financial institutions take deposits, others only offer particular banking services. These non-depository financial institutions include brokerage houses, finance companies, insurance companies, and pension funds. They provide services to both people and companies.
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for the most recent year, triad company had fixed costs of $180,000 and variable costs of 60% of total sales revenue, earned $55,250 of net income after taxes, and an income tax rate of 35%. required:1. determine the before-tax income.2. determine the total contribution margin.3. determine the total sales.4. determine the breakeven point in dollar sales.
Fixed Cost - $180000, variable cost- 60% of total sales, net income - $55,250, income tax rate - 35%. With this info 1. $85000, 2. $34000, 3. $85000, 4. 5.29
1. Before tax income = Net income after tax / ( 1 - tax rate ), 55250/(1- 0.35) = $85000 2. Total contribution margin = Total Revenue - Variable cost, 85000 - 51000= $34000. 3. Total sales is equal to 85000 4. Break even point is equal to Fixed Cost ÷ Contribution margin = 180000÷ 34000 = 5.29
Revenues less costs, taxes, and interest equal net income (NI). A financial phrase known as net income after taxes (NIAT) is used to refer to a company's profit following the payment of all taxes.
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an 8-year investment provides 10% irr per year. assuming you will actually receive all cash flows as promised, would you really earn 10% rate of return per year? why or why not?
The true return will change, even though the nominal return stays the same. If the inflation rate is positive under normal economic circumstances, even if the nominal return is 10%, the real return will fall below 10%.
What changes in nominal and real interest rates result from rising inflation?The real interest rate, according to the Fisher Effect, is equal to the nominal interest rate less the anticipated inflation rate. Therefore, unless nominal interest rates rise at the same rate as inflation, real interest rates decrease as inflation rises.
Real return: Does it fall short of nominal return?After deducting taxes and inflation, an investment's real return is what was made. Real returns are less favorable than nominal returns, which do not account for inflation or taxes.
Why does inflation affect the nominal interest rate favorably?Because it takes into account the interest rate before inflation, inflation has a positive impact on the nominal interest rate. Without taking into account any fees or interests, it considers the loan interest rates.
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When coca-cola introduced new coke it was a marketing failure. Someone in the marketing department likely thought the new recipe was a disaster waiting to happen, but didn’t speak up. This is most likely an example of.
Groupthink is when someone in the marketing department likely thought the new recipe was a disaster waiting to happen but didn't speak up.
Groupthink is a phenomena that happens when people come to an agreement without using critical thinking or weighing the pros and drawbacks. Groupthink is founded on a shared goal to maintain a group's equilibrium.
Groupthink has the potential to make people ignore crucial facts, which can eventually result in bad actions. Even in modest circumstances, this can be detrimental, but in some contexts, the repercussions can be considerably more severe.
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ricardo started a web design company while still in college. he sold the company after graduation, and opened a computer repair shop. most recently, ricardo has started a marketing firm that specializes in social media. ricardo is an example of a(n):
While considering his previous entrepreneurship exploits, as he (Ricardo) has also started a marketing firm that specializes in social media. Then, he is an example of a lifestyle entrepreneur.
Who is a lifestyle entrepreneur?Basically, a lifestyle entrepreneur means a person that creates a business for the purpose of changing their lifestyle, rather than for making profits. They usually wants to create any business because they are passionate about it and believe that it will be personally rewarding for them.
While it is very possible that such business that the individual creates will eventually become successful, also, because of how passionate they are, the success will bot be brought about because of a focus on obtaining profits.
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perfectly inelastic demand is represented by a demand curve which is , and relatively inelastic demand is represented by a demand curve which is .
A vertical curve straight line is perfectly inelastic demand is represented by a demand curve which is, and relatively inelastic demand is represented by a demand curve.
What is vertical curve straight line?The curve separating two straight portions of a road with different slopes. The curve provides a smooth change from one inclination to the other for haulages.
Sag curves and crest curves are the two types of vertical curves. Sag curves are utilized when the change in grade is positive, as in valleys, and crest curves when it is negative, as in hills.
Thus, it is a vertical curve straight line.
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