Bob has a great idea for a new device to help people find their keys when they lose them. He gets a small business loan from his bank, rents a factory, hires


workers, and begins producing his product. After two years, his business is so successful he decides to "go public," selling shares of his company to


investors in order to develop different products. Which term best describes Bob?

Answers

Answer 1

Bob can be described as an entrepreneur.

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Related Questions

: In its first month of operations, Crane Company made three purchases of merchandise in the following sequence: (1) 320 units at $6, (2) 460 units at $7, and (3) 210 units at $8. Assuming there are 360 units on hand, compute the cost of the ending inventory under the FIFO method and LIFO method. Crane uses a periodic inventory system. FIFO LIFO Cost of the ending inventory $.............. ................

Answers

To calculate the cost of the ending inventory under the FIFO (First-In, First-Out) and LIFO (Last-In, First-Out) methods, we need to determine which units are considered as sold first and which units remain in the inventory at the end of the period.

FIFO Method: Under the FIFO method, it is assumed that the first units purchased are the first ones sold. Therefore, the cost of the ending inventory will be based on the cost of the most recent purchases.

Cost of the ending inventory under FIFO:

The most recent purchase consists of 210 units at $8 per unit, so the cost of the ending inventory is:

Cost of the ending inventory = 210 units * $8 per unit = $1,680.

LIFO Method: Under the LIFO method, it is assumed that the last units purchased are the first ones sold. Therefore, the cost of the ending inventory will be based on the cost of the earliest purchases.

Cost of the ending inventory under LIFO:

Since there are 360 units on hand, the units sold are 320 + 460 - 360 = 420 units.

Out of the 420 units sold, 320 units were purchased at $6 per unit, and 100 units were purchased at $7 per unit.

Cost of the ending inventory = 40 units * $7 per unit + 210 units * $8 per unit = $280 + $1,680 = $1,960.

In summary, the cost of the ending inventory is $1,680 under the FIFO method and $1,960 under the LIFO method for Crane Company using the periodic inventory system.

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1. What is the annual percentage rate (APR) for this credit card?

2. For cash advances what is the APR?

3. What three things would move the APR for the balance on this credit card to 28.99%?

4. What is the annual fee that customers are charged for holding this credit card?

5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?

a. What would be the APR charged for the transferred balance?

6. What is the fee for a cash advance?

7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?

8. If you are late on making a payment, what would be the fee charged?

9. What would be the fee charged if you went over your credit limit?

1. What is the annual percentage rate (APR) for this credit card?2. For cash advances what is the APR?3.

Answers

Answer:

1.  For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%

2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance,  the amount charged at 17.99% would be 0.1799 x 200 =$35.98.

3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.

4. The annual fee charged for the credit card is $20.

5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.

  a.  The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.

6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.

7. 2% of the amount charged (in US dollars) in a transaction.

8.  A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.

9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%

Explanation: explanations are with the answers listed above.

in the open-economy macroeconomic model, the key determinant of net capital outflow is the:_______

Answers

The real interest rate is a crucial factor in determining net capital outflow in the open-economy macroeconomic model.

Define real interest rate.

Real interest rates are interest rates that have been adjusted to reflect inflation. Once updated, it now accurately depicts the borrower's true borrowing costs as well as the lender's or investment's actual yield. Real interest rates depict the rate at which current items are gradually preferred over future ones.

A country's net capital outflow, which occurs over a certain time period, is the total amount of money it invests abroad. A high NCO means that the country invests more outside than domestically.

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answer this question plz n thank you. (posted the 1st n 2nd question. gonna post 2 other ones.)
3. Many jobs in the Personal Services pathway—such as hairdresser, personal trainer, massage therapist or barber—involve caring for people’s physical needs. List two important qualities that might be needed for success in these kinds of careers and explain how each of the qualities you mentioned are important to finding success in this field.

Answers

Answer:

Confidece, and empathy.

Explanation:

Confidence to know you will do great at your job, and empathy to know how others feel about themselves!

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Which of the following statements about check cashing companies is FALSE?
1. They charge low fees.
2. They offer bad deals where you'll owe a lot more than you borrowed.
3. They can take a percentage of your check on top of fees.
4. They make it easy to fall into a loan cycle that is hard to get out of.

Answers

ANSWER: They charge low feeds

Supply chain issues and a flu outbreak caused a surge in prices for which grocery staple? A Eggs B Milk C Bread

Answers

A. Eggs, Price increases were brought on by a flu outbreak and supply chain problems. a basic food item.

Supply Chain Management: What Is It?

The management of the processes that turn raw materials into finished goods that are then sold to end customers is known as supply chain management (SCM).

The phases of product production and sales, such as planning, design, manufacturing, inventory, and distribution, can be managed centrally with SCM.

Give an illustration of the supply chain.

The most basic kind of a supply chain is one that only involves a company, its suppliers, and its customers. Manufacturers, distributors, retailers, and retail customers are a few examples. Another is raw material producers.

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knowing a company's business standards will:

Answers

Answer:

Will help you get recognized as a valuable employee.

Explanation:

Company's business standard consists of measurements, acceptable practises, sets of instructions which serves as a limit for expected normal conduct in a business firm. It is an agreement between a company and it's employees as it relates to production, management, supply and delivery.etc.

Every company have it's own business standard which every employees are supposed to be familiar with. They are expected to align themselves with the standard of the organization. Understanding a company's business standard create cooperation between people and an organization hence assist in facilitating communication.

Therefore, knowing a company's business standard will help one get recognized as a valuable employee.

AnswerB.Help you get recognized as a valuable employee :)

Explanation:

1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?

Answers

The factors that you have to think about would before giving out the loan would be the following:

The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.

What is a loan?

This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.

To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.

Also you have to check the character of the person that you are to loan the money to.

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(This class is called life management)

A basic decision that you make every day about every day things are known as:

A) Major Decisions
B) Routine Decisions
C) Classic Decisions
D) Life altering decisions

Answers

Answer:

B is answers for the question

Explanation:

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Why might it be disadvantageous to receive a large refund instead of a smaller one?.

Answers

It will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.

What is a large tax refund?

A large tax refund is received because a taxpayer had more tax withheld from his/her paychecks all year than was necessary to cover what you owe.

What is a small tax refund?

A small tax refund usually occur because the taxpayer have overpaid only by a little amount.

In conclusion, it will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.

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Stan is an employee that was recruited from the local university. He is a strong performer but has decided to leave the organization due to being dissatisfied. What type of turnover is this

Answers

The type of turnover in this scenario is voluntary turnover. Voluntary turnover occurs when an employee voluntarily decides to leave the organization.

Voluntary turnover refers to the situation where employees choose to leave an organization on their own accord. They make a voluntary decision to resign or terminate their employment for various reasons, which may include factors such as job dissatisfaction, career advancement opportunities elsewhere, better compensation and benefits elsewhere, personal reasons, or a desire for a change in work environment.

In the given scenario, Stan, who was recruited from the local university, is considered a strong performer but has decided to leave the organization due to being dissatisfied. This dissatisfaction could stem from various reasons, such as dissatisfaction with the work environment, job responsibilities, organizational culture, management practices, lack of growth or development opportunities, or any other factors that have contributed to his decision to seek employment elsewhere.

Voluntary turnover can have significant implications for organizations. Losing strong performers like Stan can result in the loss of valuable skills, knowledge, and experience. It may also impact team dynamics and productivity, especially if the employee's departure creates a gap that needs to be filled or affects the morale of other employees.

Organizations often strive to minimize voluntary turnover by implementing strategies to enhance employee satisfaction, engagement, and retention. This can involve efforts such as providing competitive compensation and benefits, fostering a positive work culture, offering opportunities for career growth and development, recognizing and rewarding employees' contributions, and addressing any concerns or issues that may lead to dissatisfaction.

Understanding the reasons behind voluntary turnover can help organizations identify areas for improvement and implement strategies to mitigate turnover and retain top talent. Exit interviews or surveys with departing employees can provide valuable insights into the factors that influenced their decision to leave, allowing organizations to make necessary adjustments to enhance employee satisfaction and retention in the future.

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what do businesses consider when setting a price for their product

Answers

Answer

There are several factors a business needs to consider in setting a price

Explanation:

Competitors – a huge impact on pricing decisions. The state of the market for the product – if there is a high demand for the product, but a shortage of supply, then the business can put prices up.

They consider how much profit they will get versus how much they are paying to get the product. Also other companies prices on similar items.

An employee
is compensation you receive from your employer over
and above your income.
O A. salary
OB. withholding
OC. benefit
OD. wage

Answers

C. Benefit. This could be in a monetary bonus or a gift or physical bonus

why is the shareholder's basis in the new stock received in a corporate reorganization the value of the stock received less the postponed gain

Answers

The shareholder's basis in the new stock received in a corporate reorganization is the value of the stock received less the postponed gain because it reflects the economic reality of the transaction.

In a corporate reorganization, the shareholder is exchanging their old stock for new stock, which has a different value and potentially different rights and privileges. The postponed gain represents the difference between the old stock's basis and its fair market value, which was deferred due to the exchange.

By subtracting the postponed gain from the value of the new stock, the shareholder's basis in the new stock is adjusted to reflect the actual economic value of the transaction. This ensures that the shareholder's tax liability is based on the real gain or loss realized in the exchange.

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What information system would be most useful in determining what direction
to go in the next two years?
O A. Transaction processing system
B. Decision support system
C. Executive information system
D. Management information system

Answers

Answer:

C- Executive information system

Explanation:

AP3X

What do think about women getting less salary than men?

Answers

Answer:

You know in my opinion if this world was really considered fair than humans beings wouldn't be paid different just because of their gender, i'd say girls can pretty much do anything guys can do hands down. But in reality girls just never get their shot to prove instead we get paid less, treated differently, and judged.

when making a decision only ______ costs and benefits should to be included in the analysis.

Answers

“only (Relevant) costs and benefits...”

A 24-year bond with a 10.6 percent semiannual coupon and a $1,000 face value has a nominal yield to maturity of 8 percent. The bond currently sells for $1,275.54. The bond, which may be called after 6 years, has a nominal yield to call of 6.46% percent. What is the bond's call price? $1,146 $1,126 $1,086 $1,066 $1,106

Answers

The bond's call price is $ 1,146.

The bond's call price can be calculated using the present value of the remaining cash flows until the call date. First, we need to determine the number of remaining semiannual periods until the call date.

Since the bond has a total maturity of 24 years and may be called after 6 years, the remaining periods until the call date would be 18 (2 periods per year for 18 years).

Next, we calculate the semiannual coupon payment. The bond has a 10.6% semiannual coupon rate, so the coupon payment would be ($1,000 * 10.6%) / 2 = $53.

Now, we can calculate the present value of the remaining cash flows until the call date. Using the bond's nominal yield to call of 6.46%, we discount the semiannual coupon payment of $53 for 18 periods at a discount rate of 3.23% (6.46% / 2).

PV = $53 * [(1 - (1 + 3.23%)^(-18)) / (3.23%)] = $1,145.56 (approx.)

Therefore, the bond's call price is $1,146.

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what term is used to describe the approach taken by companies such as magicleap.com where physical and digital objects are able to co-exist and interact in real time?

Answers

The technological approach which enables the coexistence of digital and physical objects using immersive technology is a middle ground between Augmented and virtual reality called MIXED REALITY.

Augmented reality technology is capable of producing a real world representation of physical world using 3D representation.

Virtual reality on the other hand creates a visual experience of a computer simulated digital environment. Virtual reality usually requires the use of headset and sensors.

Mixed reality technology is inbetween virtual and Augmented reality as it allows the interaction between virtual and physical objects in real time. Applications of mixed reality the DAQRI smart helmet which allows communication and collaboration between teams in field such as Engineering and Architecture.

Therefore, mixed reality allows the coexistence of the virtual and physical world on real time.

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is an attitude characterized by the glorification of one's own group and the defamation and discrimination of other groups. (Noun, CAPSLOCK) QUESTION 16 In high-context communication, a message can be

Answers

1. Ethnocentrism is an attitude characterized by the glorification of one's own group and the defamation and discrimination of other groups

2. The given statement " In high-context communication, a message can be understood without a great deal of background information" is false.

The inclination or attitude of perceiving one's own cultural or ethnic group as superior to others is referred to as ethnocentrism. It entails judging other cultures, practises, beliefs, and values according on one's own standards and perspectives.

Ethnocentrism frequently results in a biassed and narrow-minded perspective of other cultures, culminating in the exaltation of one's own group while defaming or discriminating against other communities.

A message in high-context communication is strongly reliant on contextual cues, shared experiences, and implicit understanding between members of a specific culture or group.

It presupposes that the message's listeners have a large amount of common background information and cultural knowledge, which is required to accurately grasp the message's intended meaning.

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The following question may be like this:

______is an attitude characterized by the glorification of one's own group and the defamation and discrimination of other groups. (Noun, CAPSLOCK)

QUESTION 16 In high-context communication, a message can be understood without a great deal of background information. True False

Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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If a new shirt costs $34.99 and the sales tax is $2.10, the sales tax rate is?

Answers

Answer:

6%

Explanation:

sales tax 2.10 divided by shirt cost will give you the sales tax rate

2.10/34.99 = .0600 or 6%

Answer:

The answer is C) 6 percent

Explanation:

In a sample of 56 tax returns filed by local hotel managers in a recent year, the taxable incomes are found to have a mean of $41225 and a population standard deviation of $6112. Construct the 99% confidence interval for the mean taxable income of all local hotel manager that year. Select one: a. 39255

Answers

To construct a 99% confidence interval for the mean taxable income of all local hotel managers in a recent year, we can use the following formula:

Confidence Interval = Sample Mean ± Z * (Population Standard Deviation / sqrt(Sample Size))

Given that the sample size is 56, the sample mean is $41,225, and the population standard deviation is $6,112, we need to find the value of Z for a 99% confidence level. Using a standard normal distribution table or calculator, we find that the Z-value corresponding to a 99% confidence level is approximately 2.58.

Plugging in the values, we have:

Confidence Interval = $41,225 ± 2.58 * ($6,112 / sqrt(56))

Calculating the expression inside the square root:

sqrt(56) ≈ 7.483

Substituting this value into the confidence interval formula:

Confidence Interval = $41,225 ± 2.58 * ($6,112 / 7.483)

Simplifying the expression:

Confidence Interval ≈ $41,225 ± $5,293.63

The 99% confidence interval for the mean taxable income of all local hotel managers in that year is approximately ($35,931.37, $46,518.63).

Therefore, the answer "a. $39,255" is incorrect. The correct answer is not provided among the options given.

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2.Let’s say in a few months from now you have a job
interview at a company you’d love to work for. How
exciting!
You might be a little nervous for your interview, but
you remember SELF CONCEPT fro

Answers

SELF CONCEPT is the way we perceive and evaluate ourselves. It includes our beliefs, attitudes, and values about ourselves. In the context of a job interview, SELF CONCEPT can play a crucial role in how we present ourselves and perform during the interview.
Having a positive SELF CONCEPT can boost our confidence and make us more likely to succeed in the interview. It involves having a clear understanding of our skills, strengths, and experiences that make us a good fit for the job. For example, if we believe we have excellent problem-solving skills and can work well in a team, we can confidently highlight these qualities during the interview.On the other hand, a negative SELF CONCEPT can hinder our performance. If we doubt our abilities or feel insecure about our qualifications, it can come across in our demeanor and responses during the interview. It's important to identify and challenge any negative self-beliefs before the interview to build a more positive SELF CONCEPT.To improve our SELF CONCEPT for a job interview, we can:
1. Identify our strengths and achievements: Reflect on past experiences and accomplishments that demonstrate our skills and qualifications for the job.
2. Prepare and practice: Research the company, understand the job requirements, and practice common interview questions to feel more prepared and confident.
3. Seek support and feedback: Reach out to mentors, career counselors, or friends for guidance and feedback on our interview skills and presentation.
4. Visualize success: Visualize ourselves performing well in the interview, confidently answering questions, and receiving a job offer.
Remember, a positive SELF CONCEPT can significantly impact our performance and overall success in a job interview. By understanding and nurturing our SELF CONCEPT, we can present ourselves in the best possible light and increase our chances of landing our dream job.

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A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. what is the net investment made?

Answers

A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. The net investment made is 2500.

An asset or object acquired with the intention of creating income or recognition is referred to as an investment. A purchase of goods that are not consumed right away but will be utilized to create wealth down the road is referred to as an investment in an economic outlook.

A company makes a capital investment when it buys tangible assets to utilize in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment.

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Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be?

Answers

Joey wants to pay for a $3,000 automobile over three years at a 12% interest rate with a 20% down payment. His monthly payment will be $79.70.

What is interest rate?

The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.

Explanation:

Present value, PV = 3000

Down payment = 3000 X 20% = 600

Remaining present value= $(3000-600) = $2400

Interest = i = 12% = 0.12

As we need monthly payment, the interest ratee will be monthly = 0.12/12 = 0.01

No. of period, n =3

Monthly payment, m = 12

We know,

Present value of annuity = PMT X \(\frac{1 - (1+ \frac{i}{m} )^{-n+m} }{\frac{i}{m} }\)

2400= PMT x \(\frac{1 - (1+ \frac{0.12}{12} )^{-3+12} }{\frac{0.12}{12} }\)

PMT= $79.70

What is the purpose of the interest rate?

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.

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Unions Group of answer choices and firms paying wages above equilibrium to improve worker effort both create structural unemployment. creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment.

Answers

Answer:

And firms paying wages above equilibrium to improve worker effort both create structural unemployment

Explanation:

In the case when union and firm would pay the wages that are over & above equilibrium in order to improve the effort of the workers so this would happen to develop the structural unemployment as it deals with the change in the technology

So first option is correct

But the other options would be considered incorrect

how old is Michael the fox

Answers

59 years old
Hope I got it right for you good luck

There is no control over price by firms in: oligopoly. pure monopoly. pure competition. monopolistic competition

Answers

Pure Competition is a type of firm where there is no control over price by firms.    

What is a Perfect Competition?  

Pure competition is a market arrangement wherein various firms provide comparable items to buyers. A considerable number of similar commodities, a significant number of sellers who can quickly enter the market, and buyers who are well-informed about the firms and their products make an ideal atmosphere for this market model.  

Pure competition and monopoly are two alternative market models that have certain characteristics but are fundamentally different. Companies in such market arrangements have equal cost and production functions and want to maximize their profit. Nonetheless, these two market models have certain distinguishing characteristics.

There are numerous firms that sell identical commodities to the market in pure competition. They have no impact on market prices since they are determined by total product supply and total product demand. Due to the vast number of vendors, it is hard for them to establish a universal agreement, thus they act individually.    

When there is only one producer and numerous clients, a monopoly exists. A monopoly thrives in an environment devoid of economic rivalry and acceptable replacement products. The pricing is set by a single manufacturer.

A monopoly allows the firm that typically offers a unique product to establish any selling price. Sellers establish the price, including manufacturing costs and output, in order to make a large profit. Furthermore, monopolists might limit output in order to raise the selling price. Monopolists sell their items at a greater price but in smaller quantities.  

Therefore, pure Competition is a type of firm where there is no control over price by firms.    

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What is the meaning of plan?

Answers

Explanation:

somali waa dowlad awood weyn

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You're interested in the genetics of earlobe shape on your campus. Free (unattached) earlobes are caused by a dominant allele. The attached earlobe phenotype is caused by a recessive allele. Individuals with free earlobes have either a homozygous genotype or a heterozygous genotype. Assuming that your college campus is a stable population, what calculation would you use to determine the percentage of students who have a heterozygous genotype for earlobe shape? A) Calculate the percentage of people who have free earlobes. B) Calculate the percentage of people who are homozygous-dominant for free earlobes. C) Calculate the percentage of people who have attached earlobes. D) Calculate the percentage of people who carry the recessive allele what is the kreb cycle? Evaluate 41n for n= -4 .When n = -4, 41n = The main advantage of magnetoencephalography (MEG) over electroencephalography (EEG) is that MEG ______. list of ancient human civilization including the rivers where they were developed which management perspective is most closely aligned to industrial psychology? classical management operations management behavioral management perspective scientific management Think of three objects, people or events that are important to you and write a paragraph about them in about 100 words. In ADEF, the measure of ZF=90, the measure of ZD=69, and FD = 64 feet. Findthe length of DE to the nearest tenth of a foot. I need help !!The functional units of kidneys where blood is filtered and urine produced are calledA.Pyramids B.Nephrons C.CalycesD.lobulesE.Lobes Which sentence describes a characteristic of matter Express as integer: a deposit of $100 which of the following is a method by which assets can be transferred both during life and at death? a) irrevocable trust b) right of survivorship c) testamentary trust d) beneficiary designation what is the value of the expression 60-(2+4)3 2) The following data represents the ages of customers at a restaurant on a Friday evening:8 9 21 23 27 28 28 29 30 34 35 35 37 38 39 39 40 42 43 44 44 46 66 67Construct a stem-and-leaf display for the data given above and describe the shape of the distribution. Under perpetual inventory system, freight costs on merchandise purchases, FOB shipping point is debited to Freight out as operating expense by buyer. Select one: O True O False What is the greatest measure of length? A. 5,000 meters B. 6,000 centimeters C. 30,000 millimeters D. 1 kilometer 5, 20, 80, 320, a. What is the sum of the 10 termsB.find the 8th term2. 1,7,49,344a. find the sum of the 7 terms b. Find the 11th termneed the answers please due at 1:40pm mountain time if the required rate of return for each project is 14%, do the npv and irr methods agree or conflict? Determine the error in the works cited below.A. The words Works Cited are not centered.B. The lines are not double spaced.C. The citations are not in alphabetical order.D. The subsequent (second) lines are not indented. Use the following function rule to find f(3).f(x) = 8^xf(3) =