"My niche is designing smartphone apps for senior citizens, a growing market due to the aging of the Baby Boomer generation," said entrepreneur programmer Rich Webb. "Examples include apps for helping a shopper find his car in a parking lot, for keeping track of medications, and for monitoring blood pressure." Rich is developing entrepreneurial opportunities based upon events and trends as they unfold-in this case, due to
A. calamities.
B. demographic changes.
C. economic dislocations.
D. lifestyle and taste changes.
E. government initiatives and rule changes.
Answer: B
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Which of the following would not be reported in the cash receipts journal?
a. a cash sale; b. loan proceeds; c. a withdrawal by the owner; d. a customer payment of the balance due; e. bank credit card sales.
National Corporation has excess cash to invest and pays $200,000 to buy 7%, five-year bonds of International Corporation, at face value, on June 30, 2018. The bonds pay interest on June 30 and December 31. At the date of purchase, National intended to hold the bonds to maturity and has the ability to hold the bonds to maturity. The bonds are disposed of on June 30, 2023, the maturity date.
Prepare the journal entry for (omit the explanation) June 30, 2023 (assume that the last interest payment has already been recorded).
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000 . Nothing in the contract itself prohibits a delegation. If Johann delegates his obligation to Eugene, a second-year musical student and enthusiastic guitar player, then the delegation will probably be:
a. permitted because contracts may be freely delegated. b. permitted because the contract is just for music lessons. c. prohibited because the contract is for service from a specific person. d. prohibited by the UCC because this is a sale of services.
A firm's effective capital budgeting procedures result in:?
A. ?lower net present values (NPVs). B. ?a higher stock price. C. ?a higher expected rate of return. D. ?lower internal rates of return. E. ?a higher number of projects having multiple internal rates of return.