tones industries has a patent with a cost of $15,000 and accumulated amortization of $5250 on its december 31, 2020, balance sheet. as a result of reduced demands for products protected by patent b, a possible impairment of patent b's value may have occurred on december 31, 2020. the controller for tones estimates the year end expected future cash flows from patent b will be $2000 for the next 3 years. the appropriate discount rate for the cash flow is 8%. compute the impairment loss of tones' patent b on its december 31, 2020, if any. hint: the appropriate time value factor for a present value of $1 annuity for 3 periods and 8% rate is 2.5771.

Answers

Answer 1

The impairment loss of Tones' patent B on its December 31, 2020, is equal to the carrying value of the patent less the present value of the future cash flows, which equals $9,750 - $5,154 = $4,596

The impairment loss of Tones' patent B on its December 31, 2020, can be calculated by subtracting the expected future cash flows from the carrying value of the patent. The carrying value of the patent is equal to its cost of $15,000 less its accumulated amortization of $5,250, which equals $9,750.

To calculate the expected future cash flows from the patent, we need to calculate the present value of the future cash flows. The present value of the cash flows is equal to the future cash flows multiplied by the present value factor. The present value factor for a present value of $1 annuity for 3 periods and 8% rate is 2.5771. Therefore, the present value of the future cash flows is equal to $2,000 multiplied by 2.5771, which equals $5,154.

Therefore, the impairment loss of Tones' patent B on its December 31, 2020, is equal to the carrying value of the patent less the present value of the future cash flows, which equals $9,750 - $5,154 = $4,596.

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Related Questions

We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year

Answers

Answer:

1080

Explanation:

Compound interest involves the reinvesting of interest.

The formula for compound interest is given by:

\(A=P(1+\frac{r}{n} )^{nt}\)

Where P is the principal (i.e the beginning balance),

r is the rate,

n is the number of times it is compounded,

t is the number of years

A is the ending balance.

Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).

Substituting values into the formula and calculating gives:

\(A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080\)

People rarely take all their deposits out at once, so on any given day the bank may need to have only a(n) of deposits on hand to honor checks pay bills or handle normal withdrawals.

Answers

People rarely take all their deposits out at once, so on any given day, the bank may need to have only a fraction of deposits on hand to honor checks pay bills, or handle normal withdrawals.

Customers can utilize bank deposits, a type of savings product, to keep a certain amount of money in a bank for a predetermined period of time. In exchange, the financial institution will give the client the appropriate interest, depending on how much and how long they decide to deposit.

The three basic types of demand deposits: checking, savings, and money market accounts

Because deposits reflect money that is owed to the depositor, they are assets. Due to the fact that deposits represent money the bank must return, they are liabilities to the bank.

Deposit money banks' main responsibilities include ensuring an adequate flow of cash to support the economy's deficit sectors and facilitating the transfer of money between different economic entities.

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PLZ ANSWER ASAP!

Imagine you are on the other side of the playing field and you are the one interviewing someone for a job at your company. What are the top three things that you would look for or hope to hear the interviewee say? Why?

Answers

You have the experience to do the job

You work well with other

You are motivated

Because you can’t hire someone who is not motivated and doesn’t know how to communicate and work with others

describe how to start s small business and what resources are
needed

Answers

Starting a small business requires careful planning and consideration. Key steps include conducting market research, developing a business plan, securing financing, setting up legal and operational aspects, and marketing the business.

To start a Starting a small business requires careful planning and consideration. Key steps include conducting market research, developing a business plan, securing financing, setting up legal and operational aspects, and marketing the business. Resources needed typically include capital, market knowledge, a solid business idea, legal and operational requirements, and marketing strategies.

it is important to begin with thorough market research to understand the target market, customer needs, and competition. This research provides valuable insights for developing a solid business plan that outlines the business concept, target audience, products or services, pricing, and marketing strategies. Securing financing is often crucial to cover startup costs and initial expenses.  Setting up the legal and operational aspects of the business is essential. This includes registering the business with the appropriate government authorities, obtaining necessary licenses and permits, setting up accounting and record-keeping systems, and ensuring compliance with tax regulations and employment laws.

In addition, identifying and acquiring the necessary resources is vital. This may include capital for initial investments, equipment and supplies, a physical location or online presence, and human resources if hiring employees. Marketing the business effectively is also key to attracting customers. This involves developing a brand identity, creating a website or online presence, implementing advertising and promotional strategies, and engaging with potential customers through various marketing channels. Overall, starting a small business requires careful planning, securing financing, fulfilling legal and operational requirements, acquiring necessary resources, and implementing effective marketing strategies to establish a strong foundation and increase the chances of success.

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what is marketing
please answer if u know,i will mark brainiest​

Answers

Answer:

Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.

hope it helps!

Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?

Answers

Answer:

Price of stock = $74.636

Explanation:

The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.  

The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity

Present value of dividend  from year 1 to 8

The PV of the growing annuity  = A/r-g) ( 1- (1+g)/(1+r)^n   )

A- dividend payable now , r- required of return, g-growth rate, number of years

PV  = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605

PV of Dividend from year 9 and beyond:

P = D× g/(r-g)

This will be done in two steps:

Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250

Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030

Price of stock = 17.60 +  57.030= 74.63

Price of stock = $74.636

The following are important economic services of forests EXCEPT
a. Provide sustenance for many people who live in extreme poverty
b. Provide health benefits - drugs are derived from forest plant species
c. Provide habitat for about 2/3 of the earth's terrestrial species
d. Provide pulp to make paper

Answers

Forests play a vital role in the global ecosystem and provide numerous economic services. While all of the options listed contribute to the value of forests, "Provide habitat for about 2/3 of the earth's terrestrial species" does not directly relate to economic services but instead refers to the ecological importance of forests. The correct option is C.

Option (a) highlights that forests are essential for sustaining the livelihood of many people, especially those living in extreme poverty. Forests provide food, fuel, and shelter, which are crucial for survival and daily living.

Option (b) emphasizes the health benefits of forests as many drugs and medicines are derived from forest plant species. This includes treatments for various ailments and diseases, resulting in significant economic value for the pharmaceutical industry.

Lastly, option (d) showcases the economic importance of forests in providing raw materials, such as pulp, which is used to manufacture paper products. The paper industry creates jobs and generates revenue, making it an essential part of the global economy.

In conclusion, forests offer many important economic services such as providing sustenance, health benefits, and raw materials for industries. However, their role as a habitat for a vast majority of terrestrial species, though crucial for maintaining biodiversity and ecological balance, does not directly represent an economic service.

Thus, option C is correct.

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Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.

Answers

The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.

From the complete information, the velocity will be calculated thus:

= Price level × Quantity / Quantity of money

= (9 × 800) / 360.

= 20

The nominal GDP will be:

= Price level × Quantity

= 9 × $800

= $7200

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What is the value today of a money machine that will pay $1,282.00 every six months for 26.00 years? Assume the first payment is made six months from today and the interest rate is 10.00%.

Answers

The value of the money machine that pays $1,282.00 every six months for 26.00 years, with an interest rate of 10.00%, is approximately $4,550.49.



To calculate the value of the money machine, we can use the formula for the present value of an annuity. The formula is:PV = C * (1 - (1 + r)^(-n)) / r,

where PV is the present value, C is the periodic cash flow, r is the interest rate per period, and n is the number of periods.In this case, the cash flow is $1,282.00, the interest rate is 10.00% (or 0.10), and the number of periods is 26.00 years * 2 (since the payments are made every six months).

Substituting these values into the formula, we get:

PV = $1,282.00 * (1 - (1 + 0.10)^(-26.00 * 2)) / 0.10,

Simplifying the equation, we find:PV ≈ $1,282.00 * (1 - 1.355) / 0.10,

PV ≈ $1,282.00 * (-0.355) / 0.10,

PV ≈ $4,550.49.

Therefore, the present value of the money machine is approximately $4,550.49.

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What is meant by factors of production​

Answers

The factors of production​: In economics, elements of production are the resources humans use to provide items and services.

Production is the method of making or manufacturing goods and merchandise from raw materials or additives. In different words, manufacturing takes inputs and makes use of them to create an output that is healthy for consumption – an awesome product that has a fee to a given up-user or consumer. production is one of the maximum vital tactics within production and is a core part of what it manner to be a producer. without this hobby, no completed items could be created, and there might be nothing to sell to clients.

Production is the method of making, harvesting, or creating something or the quantity of something that becomes made or harvested. An example of manufacturing is the introduction of furniture. An instance of production is harvesting corn to consume. An example of production is the amount of corn produced. There are 3 common sorts of basic manufacturing systems: the batch gadget, the continuous machine, and the mission device. inside the batch device, widespread-cause devices and techniques are used to provide small portions of output (goods or services) with specifications that modify significantly from one batch to the following.

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Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?

(b) How can employers help facilitate successful teamwork?

Answers

A. Businesses prosper when they have a diverse team of individuals who can add unique perspectives. Problems are easier to solve when people work together. Collaboration within a community will aid in the resolution of difficult issues. Brainstorming is an excellent way for the team to share ideas and come up with innovative solutions.
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.

it is sometimes suggested that a floating exchange rate will adjust to reduce or eliminate any current account deficit. explain why this adjustment would occur.

Answers

This adjustment would occur because A current account deficit reflects a net sale of the home currency in exchange for other currencies.

What is current account?In economics, a current account balance notes the value of imports and exports of  goods and services, and the international transfer of money.It is one of the two components of the balance of payments, the other being the capital account.A current account is opened by a business person who has a large number of regular transactions with the bank. This includes deposits, withdrawals and counter transactions. Also known as an overnight savings account.A current account can be opened at a cooperative bank or a commercial bank.One of the most important features of a checking account is the fact that it does not accrue interest. The money in the current account is made available to the account holder whenever they need it, and to compensate for this extra liquidity provided by the bank, the current account is free of interest.

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Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?

Answers

9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.

10. Molly's monthly payment is $433.

11. The total interest Molly will pay under this plan is $3,907.

12. The total cost of Molly's car is $28,507.

Loan Amount:

Required cash allowance = $500

Qualified cash allowance = $400

Down payment = $2,500 (typically 10% of value)

Total price of car = $25,000 ($2,500/10%)

Loan required = $22,100 ($25,000 - $2,500 - $400)

Interest and Periodic Payment:

N (# of periods) = 60 months

I/Y (Interest per year) = 6.6%

PV (Present Value) = $22,100

FV (Future Value) = $0

Results:

PMT = $433.45

Sum of all periodic payments = $26,007

Total Interest = $3,907

Total Cost of the car to Molly:

Down payment = $2,500

Total periodic payments = $26,007

Total cost = $28,507 ($26,007 + $2,500)

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1. Some bacteria are helpful to the body and:
a. cause cavities
b. die quickly outside other living cells
c. help the digestive system function properly
d. give you energy

2. Germs produce toxins in the body that can make you:
a. sneeze a lot
b. cough
c. have diarrhea
d. all of the above

3.List three ways to keep germs from spreading.


4. Describe the proper way to wash hands.

5. Describe what the immune system does for the body.

6. An antigen:
a. is an unknown substance that infects the body
b. is a protein that attaches itself to germs to get rid of them
c. destroys germs in the body
d. is a type of immunity you are born with

7. True or false: Vaccinations help to provide us with adaptive immunity, which is immunity that develops as we are exposed to diseases. T F


8. White blood cells help to:
a. infect the body
b. provide passive immunity
c. destroy infections
d. weaken your immune system

9. A specialized protein that recognizes invaders to the body and attaches to them is called:
a. an antigen
b. an antibody
c. a complement
d. a T cell

10. True or false: It’s OK not to wash my hands after using the bathroom at home because it's cleaner than a public restroom. T F

Answers

Answer:

I messaged you the asnwer.

Explanation:

pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue​

Answers

A....sorry if I’m wrong

How important do you think focus groups are to the eventual success of a new product?

Answers

Answer:

Yes

Explanation:

Focus groups help businesses learn what their customers think, enabling strategic decision-making focused on their target market's true wants and needs

You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000

Answers

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?

Answers

Answer: I hate Trump and would make him eat tortilla chip vertically :/

Explanation:

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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which statement best describes the sixteenth-century english economy? question 1 options: a) it was largely stable and growing with everyone generally prospering and looking optimistically towards the future. b) it was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. c) urban and rural labor enjoyed higher wages and new bargaining power relative to the factory owners and landlords. d) traditional aristocratic landholders gained economic power at the expense of merchants.

Answers

Answer:b

Explanation:

if was a large stable community demanding growth

The sixteenth-century english economy was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. Option B is correct.

The sixteenth century English economy was marked by significant changes and instability, including the growth of a money-based economy, the expansion of trade, and the rise of merchant capitalism. These changes led to a shift in power and wealth, with merchants gaining more influence and wealth, while much of the population experienced economic uncertainty. This period of economic change and instability was also characterized by the growth of urbanization, the development of a new class of merchants, and the decline of feudalism.

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What are taxes?

Do taxes affect the government economic policies today?

Should taxes be lowered overall?

Should some groups be paying more than they are now?

Answer all please, 34 points :)

Answers

Answer:

1.Taxes are a amount of money that a government requires people to pay according to their income.

4.Yes, High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can slow long-run economic growth by increasing deficits.

3.lowering tastes would lead to raising in disposable income, allowing the consumer to spend additional sums, thereby increasing GNP. Reducing taxes thus pushes out the aggregate demand curve as consumers demand for more goods and services with their higher disposable incomes.

4.No, This reading is because people pay off their incomes so it would be unfair to charge higher then needed.

Answer:

What are taxes?

Taxes are amount of money that a government forces individuals to pay according to their income, the value of their property, etc., and that is used to pay for the activities done by the government.

Do taxes affect the government economic policies today?

Taxes affect the government economic policies today. High marginal tax rates may deter people from working, saving, investing, and innovating, while particular tax preferences can have an impact on how economic resources are allocated in a country. Tax cuts, on the other hand, might have the unintended consequence of slowing long-term economic development through boosting deficits.

Should taxes be lowered overall?

As you would anticipate, decreasing taxes increases disposable income, which allows consumers to spend more money, hence boosting gross national product (GNP). As a result, lowering taxes causes the aggregate demand curve to shift outward, as consumers seek more products and services as a result of their increased disposable incomes.

Should some groups be paying more than they are now?

Personally, I believe that one group should not be overtaxed at the expense of another group. While the tax rate for the rich is much higher, they are able to deduct a large number of expenses. The working middle class bears the brunt of the burden of taxes, whilst the impoverished get the advantages of them. I feel that it would be considerably more equitable to impose a single flat rate tax on everyone and to prohibit the use of write-offs altogether.

Explanation:

Hope it helps:)

Select the correct answer.
What effect does inflation have on the prices of goods and services?
OA.
Prices decrease.
OB.
Prices double.
Ос. .
Prices increase.
OD
Prices stay the same.

Answers

Answer:

Prices increase, C

Explanation:

Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.

Hope this helps

Answer:

A

Explanation:

if inflation of SUPPLIES then price will decrease.

If inflation of MONEY then yea the price would rise.

The manager of the donut shop tells you that he sells donuts for $1 each. If he were to make additional donuts, based on his current level of output, it would cost him $0. 80 per donut.

Answers

The manager ought to make more donuts in light of the information presented.

What word best defines an output whose average total cost is the lowest possible?

When the average cost of production rises above a particular level of output, the opposite phenomenon—diseconomies of scale—occurs. The minimal efficient scale (MES) of output for a company or factory is reached when the average costs are at their lowest level.

What is marginal cost, exactly?

When we talk about marginal cost, we're talking about the rise in production costs brought on by the creation of more product units. The marginal cost of manufacturing is another name for it. Businesses may evaluate how cost and earnings are influenced by volume output by calculating the marginal cost.

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In MS Word, which items are you able to format?
(What types of things do/can we format?)

A: Text
B: Table
C: Menu
D: Both A & B

Answers

Answer:

Explanation:

both A & B

In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quotation marks or citing the source. The review board rejected her paper on grounds of plagiarism. In this scenario, Kirstein has committed:_________.

Answers

Answer:

Word-for-word.

Explanation:

Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.

In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.

Depending on the length of the period over which past returns are calculated, high past returns can signal lower or higher future stock returns.
A. TRUE
B. FALSE

Answers

A. TRUE, Depending on the length of the period over which past returns are calculated, high past returns can indeed signal lower or higher future returns.

This is because the relationship between past and future returns can be influenced by various factors, including market conditions, company performance, and investor sentiment. In the short run, high past returns may signal positive momentum or positive news about the company, which can lead to higher future returns. However, over longer periods of time, high past returns may indicate overvaluation or investor overreaction, which can lead to lower future returns as prices revert to their fundamental values.

The specific length of the period over which past returns are measured can also affect the strength and direction of the momentum effect. For example, some studies have found that momentum tends to be strongest over intermediate-term horizons, such as six to 12 months, while others have found evidence of momentum over longer or shorter periods.

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What is the first step in the succession management process?

Answers

The first step in the succession management process is to conduct a workforce analysis, which involves identifying key roles and positions within the organization that are critical to its success and determining the current and future workforce needs of the company.

This step also includes an assessment of the current talent within the organization, including an evaluation of the skills, knowledge, and experience of existing employees.

This information is then used to identify potential successors for key roles and to develop a plan for succession management. This step also includes identifying the gaps in the talent pool and developing a plan to fill those gaps.

Finally, the workforce analysis helps to identify any potential risks that may arise from key employee departures and to develop strategies to mitigate those risks.

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The firm is experiencing diminishing marginal product beyond what level of output along the marginal cost curve?

Answers

The term "diminishing marginal product" refers to the decrease in additional output that can be produced as more units of a variable input, such as labor or capital, are added while keeping other inputs constant.


The marginal cost curve represents the additional cost incurred to produce each additional unit of output. It generally has a U-shaped curve because of the law of diminishing marginal returns. At the beginning, as more units of the variable input are added, the marginal cost decreases due to economies of scale.

However, at some point, the law of diminishing marginal returns kicks in, and the marginal cost starts to increase.

To determine the level of output at which the firm experiences diminishing marginal product beyond the marginal cost curve, we need to look for the point where the marginal cost curve starts to rise. This indicates that adding more units of the variable input is becoming less productive and more costly.

Typically, the level of output at which diminishing marginal product occurs beyond the marginal cost curve is known as the point of diminishing returns. It signifies that the firm has reached its maximum efficient scale, where further increases in output result in diminishing returns and higher costs.

In summary, the firm is experiencing diminishing marginal product beyond the level of output where the marginal cost curve starts to rise. This occurs when adding more units of the variable input becomes less productive and more costly.

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Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local and personal
who will help them with the loan process.
O b) credit union
d) internet bank
O c) savings and loan association
O a) bank

Answers

Answer:

savings and loan association

Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment

Answers

Answer:

Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.

Explanation:

Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.

Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :

build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.

Four Ways through which Schools can promote Entrepreneurship include the following

Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.

What is Entrepreneurship ?

Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.

Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.

Entrepreneurship brings about creativity and as such value is created which leads to more wealth.

Learn more about Entrepreneurship at https://brainly.com/question/353543

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