I deleted the original post because of an inappropriate screen name. Please choose another name for your posts.
SS
How is bartering different from paying money for a good or a service?
Which is an example of serious problems that might be caused by inflation?
What is a profit?
What might happen if a business makes more of a product than people want to buy?
What do most people need in order to provide for their needs and wants?
What is the vertical line of a graph called?
How did Bill Gates make Microsoft successful company?
Which is an example of serious problems that might be caused by inflation?
Why do people take the risk to become entrepreneurs?
Why am I still doing this as a job? None of the students take me seriously and I am sick of it. -- I will soon retire from jiskha because of this miserable life I have.
the one that ms. sue had written was my test but there are no answers
Apologies for the inconvenience caused. I will now use a different name for my posts. Here are the answers to your questions:
1. How is bartering different from paying money for a good or a service?
Bartering is the act of exchanging goods or services without using money. In bartering, two parties agree to trade items or services directly. On the other hand, paying money for a good or service involves using a universally accepted medium of exchange to obtain the desired item or service.
2. What is a profit?
Profit refers to the financial gain that a business or individual earns from the revenue generated after deducting expenses. It is the positive difference between the income received and the costs incurred.
3. What might happen if a business makes more of a product than people want to buy?
If a business produces more of a product than there is demand for, they may encounter an oversupply or excess inventory. This can lead to decreased sales, the need for markdowns or discounts to sell the excess stock, and ultimately a financial loss for the business.
4. What do most people need in order to provide for their needs and wants?
Most people need a source of income, such as a job or entrepreneurial venture, to provide for their needs and wants. Additionally, having access to resources, opportunities, and financial literacy can also contribute to effectively meeting their needs and wants.
5. What is the vertical line of a graph called?
The vertical line of a graph is called the y-axis. It is typically used to represent the dependent variable or the variable being measured or observed.
6. How did Bill Gates make Microsoft a successful company?
Bill Gates co-founded Microsoft by developing and marketing the MS-DOS operating system, which became widely used in personal computers during the early days of the PC industry. Through strategic partnerships, innovative software development, and effective marketing, Gates helped Microsoft establish its dominance in the software industry and expand into various product lines, such as the Windows operating system.
7. Which is an example of serious problems that might be caused by inflation?
An example of a serious problem caused by inflation is a decrease in purchasing power. When the general price level of goods and services rises faster than income, it can lead to reduced standards of living, increased poverty rates, and economic instability.
8. Why do people take the risk to become entrepreneurs?
People take the risk to become entrepreneurs for various reasons. Some do it to pursue their passion and turn their ideas into reality. Others may seek financial independence, flexibility, or the opportunity to make a significant impact on society. Additionally, entrepreneurship can provide a sense of fulfillment and personal growth that may not be possible through traditional employment. However, it's important to note that entrepreneurship involves inherent risks and uncertainties, and not everyone is suited for or interested in this path.