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the following is cost information for the creamy crisp donut company entrepreneur's paud earnings in this business=50000 annual lease on building=22000 annual sales revenue
the following is cost information for the creamy crisp donut company entrepreneur's paud earnings in this business=50000 annual lease on building=22000 annual sales revenue from operations=380000 payments to workers=120000 utilities(water,disposal, electricity) costs=8000 value of the business owner's talent in the next best entrepreneurial activity= 100000 entrepreneur's forgone interest on personal funds used the finance the business=6000 creamy crisp's accouting profit= ? economic profit is = ? 1) Construct a contingency table by using the following information: 89% entrepreneurs by choice 11% entrepreneurs by necessity 2% entrepreneurs by necessity expect their business to employee 20 or more people within 5 years 14% entrepreneurs by choice expect their business to employee 20 or more people within 5 years C= entrepreneurs by choice N= entrepreneurs by necessity A= Employ 2 or more peoplewithin 5 years Joel and Nigel are both creative people who started their own businesses. Joel's business failed, and Nigel's business flourished. In analyzing these outcomes, Stan, a business executive and mutual friend of Joel and Nigel, noted, "Joel is an inventor, and Nigel is an entrepreneur." What is the difference between inventors and entrepreneurs? Multiple Choice Inventors have better management, business, and networking skills as compared to entrepreneurs. Inventors are better able to ensure efficient operations, whereas entrepreneurs are unable to do so. Entrepreneurs have better promoting skills than inventors. Entrepreneurs have good knowledge and skills in management, business, and networking, whereas, inventors lack such skills. Inventors have lower levels of creativity and innovation as compared to entrepreneurs
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