Entrepreneurship is
A. the financial capital necessary to launch a new business.
B. the talent to develop new products and processes and to organize production to make goods and services available.
C. unskilled labor.
D. the capital resources used to produce goods and services.
B. the talent to develop new products and processes and to organize production to make goods and services available.
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The selling price of a property is $96,000. This can be financed if the buyer can put 10 percent down and pay a loan origination fee of 1.5 percent. How much cash must the buyer produce to complete this transaction?
A) $10,080 B) $10,896 C) $11,040 D) $11,084
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:
a. maximize total costs b. maximize output, subject to a breakeven constraint c. maximize the happiness of the administrators of the NFP enterprise d. maximize the utility of the contributors e. a and c