yellowday energy’s margin was 3 nd turnover was 4.0 on sales of $50 million for the year. net income for the year was:

The correct answer is A. The MPS, which stands for Master Production Schedule.

This module is responsible for connecting the outside world to the MPC (Manufacturing Planning and Control) system by facilitating marketplace and customer-contact activities. The MPS module is crucial for ensuring that customer demands are met in a timely manner and that production schedules are optimized to meet demand. It is an essential component of any effective manufacturing or production system.
Hi! The correct answer is C. Demand Management. This module connects the "outside world" to the MPC by facilitating marketplace and customer-contact activities.

Learn more about Production  here:

https://brainly.com/question/22852400

#SPJ11

The statement "Enterprising people enjoy developing and running their own business" is not directly related to the characteristics of an organization with a Loyal Soldier HR strategy. Therefore, this statement is false.

The correct statement is that an organization with a Loyal Soldier HR strategy focuses on developing skills needed for high-level service and innovation, results in happier employees being more productive when satisfaction is high, but can lead to withdrawal and thoughts of quitting among employees who feel undervalued or lack opportunities for advancement.

Learn more about Loyal Soldier HR strategy

https://brainly.com/question/30226583

#SPJ4

In this case, the increase in the savings account balance from $20,000 to $25,000 would be considered taxable income.

The marginal tax rate is the tax rate that applies to the next dollar of income earned. In the case of the scenario provided, the marginal tax rate would depend on the taxpayer's income level and tax bracket.

Assuming the taxpayer has no other sources of income and is a single filer in the United States, their taxable income for the year would be $5,000 ($25,000 - $20,000). To determine the marginal tax rate, one would need to refer to the tax tables provided by the IRS.

For the tax year 2021, the marginal tax rates for single filers range from 10% to 37%. So depending on the taxpayer's income level, their marginal tax rate could be anywhere between 10% to 37%.

However, it's important to note that the marginal tax rate is only applied to the additional income earned, not the entire income. In this scenario, only the $5,000 increase in savings would be subject to income tax, not the original $20,000.

To know more taxable income:

https://brainly.com/question/17961582

#SPJ11

To calculate the rate of inflation as measured by the rate of change of the CPI, the Inflation Rate as measured by the rate of change of the CPI over this period is 1.52%.

We can use the following formula: Inflation Rate = [tex]((CPI in Year 2 - CPI in Year 1) / CPI in Year 1) x 100[/tex]

where Year 1 is February 2018 and Year 2 is February 2019.

Plugging in the given values, we get:

Inflation Rate = [tex]((252.776 - 248.991) / 248.991) x 100[/tex]

Inflation Rate = [tex](3.785 / 248.991) x 100[/tex]

Inflation Rate = [tex]0.0152 x 100[/tex]

Inflation Rate = [tex]1.52[/tex]%

The inflation rate is the percentage increase in the price level of goods and services over time. It is commonly measured using the Consumer Price Index (CPI), which tracks the changes in the prices of a basket of goods and services typically purchased by consumers.

To learn more about consumer price index, visit here

https://brainly.com/question/4513076

#SPJ4

The objective for selecting retail layout in operations is to maximize profitability per square foot of floor space. This is because retail stores aim to make the most money possible from the limited space they have available.

By designing a layout that maximizes the use of space, retailers can display more products and increase the likelihood of customers making purchases. In addition to maximizing profitability, retailers may also consider minimizing material handling costs and customer confusion regarding the location of items.

However, these factors are secondary to the primary goal of maximizing profitability per square foot of floor space. By achieving this goal, retailers can ensure that their store is both efficient and profitable.

To know more about retail ,refer to the link:

https://brainly.com/question/28963307#

#SPJ11

Yes, I would recommend that Urban Farmz use promotional pricing at the farmers' markets where it regularly sells its products. Promotional pricing is an effective way to attract new customers and increase sales. It can also help to differentiate the brand from competitors and create a sense of urgency to buy.

Some promotional pricing techniques that Urban Farmz could use include:

1. Bundling: Offering discounts when customers purchase multiple products together. For example, Urban Farmz could offer a discount when customers buy a combination of vegetables and herbs.

2. Limited time offers: Creating a sense of urgency by offering discounts for a limited time only. This can encourage customers to make a purchase quickly, rather than waiting and potentially forgetting about the product.

3. Volume discounts: Offering discounts for larger purchases. For example, Urban Farmz could offer a discount for customers who buy a certain amount of produce in a single transaction.

4. Seasonal discounts: Offering discounts on products that are in season or abundant. This can help to increase sales of products that may not be as popular during other times of the year.

Overall, promotional pricing can be a valuable tool for Urban Farmz to increase sales and attract new customers at farmers' markets. By using a combination of techniques, they can create a sense of urgency, encourage larger purchases, and differentiate themselves from competitors.

Learn more about farmers' market at

https://brainly.com/question/29100028

#SPJ11

According to the information, the correct optio is an IPO (Initial Public Offering) is an example of a primary market transaction, where a company issues new shares to the public to raise capital for the first time.

According to the information, the correct optio is an IPO (Initial Public Offering) is an example of a primary market transaction, where a company issues new shares to the public to raise capital for the first time.

Option b is incorrect. Money markets are typically considered to be less risky than capital markets, as they deal with short-term debt instruments that are generally considered to be less volatile than long-term securities.

Option c is incorrect. While direct transfers of funds may be faster and more convenient in some cases, using financial institutions can provide benefits such as security, liquidity, and access to a wider range of investment options.

Option d is incorrect. The market segmentation theory suggests that investors have different preferences for different maturities of debt securities, leading to different demand and supply for each maturity and thereby affecting the shape of the yield curve.

Learn more about Initial Public Offering in: https://brainly.com/question/29669601
#SPJ1

Suppose demand is given by p=50-1/3 qd and supply is given by p=10 1/5 qs. producer surplus is $304.50.To find the producer surplus, we need to find the equilibrium point where demand and supply intersect. This can be done by setting the two equations equal to each other: 50-1/3 qd = 10 1/5 qs

Solving for qd, we get:

qd = 120-4qs

Substituting this value into the demand equation, we get:

p = 50 - 1/3(120-4qs)

p = 10 1/5 qs

Simplifying these equations, we get:

p = 10 1/5 (120-4qs)

p = 10 1/5 qs

Solving for qs, we get:

qs = 21

Substituting this value back into the supply equation, we get:

p = 10 1/5 (21)

p = 212

Therefore, the equilibrium point is at (21, 212).

The producer surplus can be found by calculating the area above the supply curve and below the equilibrium price. Using the formula for the area of a triangle, we get:

Producer surplus = 1/2(base x height)

= 1/2(21 x (50-21))

= 1/2(21 x 29)

= 304.5

Therefore, the producer surplus is $304.50.

To know more about producer surplus refer here:

https://brainly.com/question/30460798#

#SPJ11

Out of the given events, the following require a journal entry:

1. The repurchase of previously-issued common stock
2. The payment of a previously declared cash dividend
3. The declaration of a cash dividend to be paid

A journal entry is a record of a financial transaction in a company's accounting system that affects the accounts of a business. In the case of the events listed above, the repurchase of previously-issued common stock, the payment of a previously declared cash dividend and the declaration of a cash dividend to be paid are require a journal entry to be made to properly record the transaction in the company's books.

The other two events, the occurrence of the record date for a cash dividend and the classification between current liabilities and long-term liabilities on the Balance Sheet, do not require a journal entry as they do not involve a financial transaction that affects the accounts.

Therefore, the following require a journal entry:

1. The repurchase of previously-issued common stock
2. The payment of a previously declared cash dividend
3. The declaration of a cash dividend to be paid

To learn more about Journal Entry visit:

https://brainly.com/question/28390337

#SPJ11

Assuming z is a standard normal random variable, we are asked to explain the meaning of P(1.20 < z < 1.85) equals 0.0829. A standard normal random variable, z, follows a normal distribution with a mean of 0 and a standard deviation of 1.

In this context, the notation P(1.20 < z < 1.85) represents the probability that z falls between the values of 1.20 and 1.85.

To determine this probability, we look at the area under the standard normal distribution curve between these two values. The area represents the proportion of occurrences of z that fall within this range. The value given, 0.0829, is a decimal representation of this probability.

In this case, 0.0829 indicates that there is an 8.29% chance that the standard normal random variable, z, will fall within the specified range of 1.20 to 1.85. This probability can be determined using a standard normal distribution table or by integrating the probability density function of the standard normal distribution between these limits.

In summary, when assuming z is a standard normal random variable, P(1.20 < z < 1.85) equals 0.0829, which signifies that there is an 8.29% probability that the variable will have a value between 1.20 and 1.85. This is found by examining the area under the standard normal distribution curve within this range.

To know more about standard deviation refer here

brainly.com/question/14747159#

#SPJ11

The tax had a negative impact on the hotel industry in Smalltown, but generated revenue for the government. This highlights the trade-offs involved in taxation and the importance of carefully considering the potential impacts of policy changes.

We can use the information provided to calculate the total revenue generated by hotel room rentals before and after the tax is imposed.

Before the tax is imposed:

Number of rented rooms = 900

Price per room = $80

Total revenue = 900 * 80 = $72,000

After the tax is imposed:

Number of rented rooms = 800

Price per room = $85 ($80 + $15 tax)

Total revenue = 800 * 85 = $68,000

We can see that the total revenue generated by hotel room rentals decreased after the tax was imposed. Although the price per room increased, the decrease in the number of rooms rented more than offset the increase in price. This is an example of how taxes can impact the behavior of consumers and businesses.

It's important to note that while the total revenue decreased, the government still generated revenue through the tax. The total tax revenue can be calculated as follows:

Number of rented rooms = 800

Tax per room = $15

Total tax revenue = 800 * 15 = $12,000

Find out more on taxation. here

https://brainly.com/question/1133253

#SPJ1

Hotel rooms in Smalltown go for $80, and 900 rooms are rented on a typical day. To raise revenue, the mayor decides to charge hotels a tax of $15 per rented room. After the tax is imposed, the going rate rises to $85, and the number of rooms rented falls to 800.

What will be the impact on tax?

When implementing a facility maintenance program, a manager needs to examine several key issues to ensure success.

First, they must determine the scope and objectives of the program, including what assets and systems will be included and what level of maintenance is required. Second, they need to consider budget constraints and allocate resources appropriately to ensure the program is adequately funded. Third, they must establish clear communication channels and protocols for reporting and responding to maintenance issues. Fourth, they must identify and prioritize potential risks and hazards to prevent accidents or damage to the facility. Fifth, they need to develop a comprehensive maintenance plan, including schedules for routine maintenance and repairs. Finally, they must monitor the program's effectiveness and adjust it as needed to ensure continuous improvement. By addressing these key issues, a manager can successfully implement a facility maintenance program that protects assets, reduces costs, and enhances overall facility performance.

Learn more about implementing here:

https://brainly.com/question/30498160

#SPJ11

The cost of goods transferred out for the year, after calculations has come out to be 3,024,000. Thus, the correct option is c.

The cost of goods transferred out for the year can be calculated by adding the total manufacturing costs (direct materials cost, direct labor cost, and overhead applied) and subtracting the ending work in process inventory cost.

Direct materials cost + Direct labor cost + Overhead applied = Total manufacturing cost
$900,000 + $2,000,000 + $1,571,200 = $4,471,200

To calculate the ending work in process inventory cost, we need to use the percentage of completion for direct labor and overhead. Since the ending work in process inventory is 95% complete, we need to multiply the total manufacturing cost by 95% to get the ending work in process inventory cost.

Ending work in process inventory cost = Total manufacturing cost x Percentage of completion
Ending work in process inventory cost = $4,471,200 x 95% = $4,247,640

Finally, we can calculate the cost of goods transferred out by subtracting the ending work in process inventory cost from the total manufacturing cost.

Cost of goods transferred out = Total manufacturing cost - Ending work in process inventory cost
Cost of goods transferred out = $4,471,200 - $4,247,640 = $223,560

Therefore, the answer is option c. $3,024,000.

To know  ore about cost of goods, visit:

https://brainly.com/question/14866200#

#SPJ11

To calculate the future value of the investment, we can use the formula for the future value of an annuity. The future value of Lea Wilson's investment is $46,267. Answer: None of the given options

[tex]FV = PMT x [(1 + r)^(n) - 1] / r[/tex]

Where:

PMT = payment per period

r = interest rate per period

n = number of periods

In this case, PMT = $1,000, r = 12% per year, and n = 18 years. We also know that the payments are made at the beginning of each year, so we can use the formula for an annuity due, which adds an extra factor of (1 + r) to the formula:

[tex]FV = PMT x [(1 + r)^(n+1) - 1] / r[/tex]

Plugging in the values, for getting the future value

[tex]FV = $1,000 x [(1 + 0.12)^(18+1) - 1] / 0.12[/tex]

[tex]FV = $1,000 x (6.352 - 1) / 0.12[/tex]

[tex]FV = $1,000 x 46.267[/tex]

[tex]FV = $46,267[/tex]

To learn more about future value, visit here

https://brainly.com/question/13504821

#SPJ4

The expected price of the bond is $812.

A zero-coupon bond does not pay any periodic interest; instead, it is issued at a discount to its par value, and the investor receives the par value at maturity.

The price of a zero-coupon bond can be calculated using the following formula:

P = F /[tex](1 + r/n)^(n*t)[/tex]

Where,

P = price of the bond

F = par value of the bond

r = yield to maturity

n = number of compounding periods per year

t = time to maturity in years

In this case, the par value is $1,000, the yield to maturity is 4.2%, and the bond has a maturity of 5 years. The question mentions semiannual compounding, so the number of compounding periods per year (n) will be 2. Substituting these values in the formula, we get:

P = 1000 / [tex](1 + 0.042/2)^(2*5)[/tex]

P = $812.02 (rounded off to the nearest dollar)

Learn more about compounding  here:

https://brainly.com/question/13516179

#SPJ11

Leadership behaviors refer to the actions, traits, and skills demonstrated by a leader to influence, inspire, and guide their team towards achieving a common goal. Different leadership behaviors are beneficial for specific organizational activities.

Explanation: Effective leadership behaviors can vary depending on the specific organizational activity. For example, during project planning, leaders should demonstrate behaviors such as setting clear goals, establishing timelines, and delegating tasks. When leading coworkers, effective leadership behaviors may include active listening, providing feedback, and promoting a positive work culture. Other specific organizational activities that may benefit from certain leadership behaviors include conflict resolution, decision-making, and performance management.

Therefore, leadership behaviors are critical for the success of any organization, and leaders must be able to adapt their behaviors to meet the needs of specific organizational activities. By understanding which behaviors are most effective for each activity, leaders can maximize their effectiveness and promote a positive work environment.

You can learn more about effective leadership behaviors at:

https://brainly.in/question/30587373

#SPJ11.

A). Due to the fact that job 20 is still in process, the remaining balance of unfinished work will be its total cost. The remaining amount of the job in progress is $2608 as a result.

B). The cost of work 10 as a whole will be the balance in finished products inventory because this job has been finished. Therefore, the finished products balance is $2400.

C). Pre determined overhead rate = Manufacturing overhead / Direct labor hours

Total cost is the sum of money needed to pay for all materials or labour required to finish a project. It covers not only the price of the necessary goods and labour but also any connected taxes, shipping costs, and other costs.

Total cost should be taken into account when making a purchasing decision as it can help you create a budget and make sure you're receiving the best deal possible. In order to assess various goods and services and determine which gives the best value, total cost can also be used.

Total manufacturing overhead for Job 10 & 20 = $60 + $90 = $150

Total direct labor hours for job 10 & 20 = 75 + 113 = 188

Pre determined overhead rate = $150 / 188 = 0.7978 per direct labor hour.

To know more about total cost, visit:

brainly.com/question/29509552

#SPJ1

As per the question, the overhead applied to Job 65A for the month of January is $5,200.

To calculate the overhead applied to Job 65A, we need to use the predetermined overhead rate, which is calculated by dividing the total overhead costs by the estimated number of machine hours for the year.
Predetermined overhead rate = Total overhead costs / Estimated machine hours for the year
Predetermined overhead rate = $560,000 / 1,400 machine hours
Predetermined overhead rate = $400 per machine hour
Now we can calculate the overhead applied to Job 65A for the month of January, which used 13 machine hours.
Overhead applied to Job 65A = Predetermined overhead rate x Actual machine hours used
Overhead applied to Job 65A = $400 x 13
Overhead applied to Job 65A = $5,200

learn more about overhead applied here:

https://brainly.com/question/30581383

#SPJ11

Your holding-period return for the stock purchased at $50, receiving a $4 dividend, and selling for $48 is 4% (0.04).

To calculate the holding-period return, follow these steps:
1. Find the capital gain: Subtract the purchase price from the selling price ($48 - $50 = -$2).
2. Add the dividend received ($4) to the capital gain (-$2 + $4 = $2).
3. Divide the total gain ($2) by the purchase price ($50): $2 / $50 = 0.04 or 4%.

So, your holding-period return is 4%. This represents the overall gain or loss on your investment, including both capital gains and dividend income.

To know more about dividend click on below link:

https://brainly.com/question/29510262#

#SPJ11

Strategic controls The intellectual assets, employee satisfaction, market development etc. are considered as important in this context. Option (D)

A rise in operational income from one year to the next demonstrates that a company's strategy was effective. A balanced-scorecard metric of the Learning and Growth viewpoint is the amount of complaints about a product. The balanced scorecard is built on two components: organizational vision and strategy. Regulatory is not a performance metric category for a balanced scorecard. The balanced scorecard management technique employs four perspectives: Financial indicators include profit margins and return on investment.

Learn more about Strategic controls ,

https://brainly.com/question/31648980

#SPJ4

Full Question ;

How would innovation and learning be measured on the balanced scorecard?

Multiple Choice

employee retention

external audits

decentralized controls

personality tests

strategic controls

The proportion of sales approach will include elements of the income statement that are impacted by Level of Confidence Great Use Low Use. True.

Common-size percent are calculated using the formula (Amount / Base Amount) multiplied by 100. Keep in mind that the foundation for the income statement is net sales and the base for the balance sheet is total assets.

Revenue, cost of sales, sales, general, and admin expenditures, other operating expenses, non-operating revenues and costs, profits or losses, non-recurring items, net income, and EPS are the elements of the income statement. Revenues - Expenses = Net Income is the fundamental equation for an income statement. This straightforward equation reveals if the business is profitable. The firm is profitable if sales outweigh costs.

Learn more about Income statement visit: brainly.com/question/28936505

#SPJ4

Correct Question:

State true or false: Income statement items that are affected by will be included in the percentage of sales approach Confidence Level High Medium Low of Use.

Marketers consistently rely on social media and mobile marketing as powerful tools in engaging with customers, establishing thriving brand appearances, and creating comprehensive content. These various actions include:

Social Media Platforms: Marketers employ major platforms like social media  to implement formidable tactics where consumers can partake in campaigns based on a range of demographic information, interests, and behaviors. Web-based analytics are also employed by many to evaluate the resonance of their promotional endeavors.

Mobile Marketing Solutions: Through SMS marketing, in-app adverts, or mobile-suitable websites, marketers target potential customers who reside on their mobile devices, while simutaneously taking advantage of location-specific strategies that can supply customers with personalized notifications.

Although such marketing tactics provide valuable benefits, they are not without challenges involving data management and customer engagement.

To elaborate, marketers grapple with certain complexities when it comes to properly collecting and processing consumer information—this is coupled with particular laws that must be followed as prescribed.

Plus, quite often it can become difficult for marketers to differentiate themselves among the abundant noise present in their desired channels daily. Even worse, due to unclear ROI metrics coming from these practices, measuring the effectiveness of specific campaigns is made more complex.

Last but not least, technologies and trends surrounding social media and mobile marketing progress quickly and managing them may prove challenging for both large corporate organizations and small businesses alike.

Read more on marketers here:https://brainly.com/question/25369230

#SPJ1

Assuming that all relevant costs and revenue are noted, Jaime's accounting profit is 115,000.

To calculate Jaime's accounting profit, we will use the formula:

Accounting Profit = Total Revenue - Explicit Cost.

It is provided that: Price = $5; Quantity sold = 60,000; Implicit cost = $105,000; and Explicit cost = $185.000

1: Calculate the total revenue:

Total Revenue = Price x Quantity Sold

Total Revenue = $5 x 60,000

Total Revenue = $300,000

Step 2: Calculate the accounting profit:

Accounting Profit = Total Revenue - Explicit Cost

Accounting Profit = $300,000 - $185,000

Accounting Profit = $115,000

So, Jaime's accounting profit is 115,000.

Learn more about Explicit Cost:

https://brainly.com/question/31322837

#SPJ11

The statement "Six Sigma is better applied on for-profit than in nonprofit organizations" is False. While it is true that Six Sigma has been widely adopted by many for-profit organizations, its principles and methodologies can be effectively applied to nonprofit organizations as well.

Six Sigma is a systematic approach that focuses on improving processes, reducing waste, and increasing efficiency. This is achieved through a data-driven process that involves identifying, analyzing, and resolving issues in any organization. The ultimate goal of Six Sigma is to enhance customer satisfaction and minimize errors, which is applicable to both for-profit and nonprofit organizations.

In nonprofit organizations, Six Sigma can help streamline operations, reduce costs, and improve the quality of services provided to beneficiaries. By identifying inefficiencies and eliminating waste, nonprofit organizations can allocate resources more effectively, ultimately making a greater impact on their target audience. This can also improve donor trust and overall organizational sustainability.

To know more about six sigma clck here

brainly.com/question/30269340

#SPJ11

The d1 by the Black-Scholes formula is -0.0256.

To calculate d1 using the Black-Scholes formula, we need to use the following formula:

d1 = [ln(S/K) + (r - q + σ^2/2)t] / (σ√t)

Where:
S = stock price = $23.50
K = strike price = $25
σ = volatility = 0.24
r = risk-free interest rate = 0.055
q = continuous dividend yield = 2.5%
t = time to expiration = 3/12 = 0.25 years

Plugging in the values, we get:

d1 = [ln(23.50/25) + (0.055 - 0.025 + 0.24^2/2)0.25] / (0.24√0.25)
d1 = -0.0256

Therefore, the answer is -0.0256.

To know  more about Black scholes formula

https://brainly.com/question/30976916

#SPJ11

To calculate the number of shares the unfriendly outside group must acquire for the poison pill to go into effect, we first need to determine what constitutes 15% of the total outstanding shares:

15% of 13,500,000 shares = 0.15 x 13,500,000 = 2,025,000 shares

So, the unfriendly outside group must acquire at least 2,025,000 shares to trigger the poison pill provision.

Once triggered, existing stockholders will be able to buy new shares at 25% below the current stock price of $56 per share, which is: $56 x 0.75 = $42 per share

This means that existing stockholders will have the opportunity to purchase new shares at $42 per share if the unfriendly outside group acquires 15% or more of the outstanding shares.

For more questions on: shares

https://brainly.com/question/23319047

#SPJ11

One of the rationales for development planning is market failure. Market failure can inhibit economic development by causing the inefficient allocation of resources, inequitable distribution of wealth, and negative externalities. Economic planning can possibly deal with this problem through the following :

1. Identifying the cause of market failure.

2. Formulating policies.

3. Implementing policies.

4. Monitoring and evaluation.

5. Ensuring equity.

Economic planning deals with the problem of marketing failure by:

1. Identifying the cause of market failure: Economic planning starts by diagnosing the root causes of market failure, such as lack of competition, information asymmetry, and public goods.

2. Formulating policies: Based on the identified causes, planners can develop policies to address market failure. These policies may include regulation, taxation, subsidies, or direct provision of goods and services.

3. Implementing policies: Economic planning involves the implementation of policies, ensuring they are executed effectively and efficiently to rectify market failure.

4. Monitoring and evaluation: Planners continuously monitor the success of implemented policies, making necessary adjustments to ensure optimal results in addressing market failure and promoting economic development.

5. Ensuring equity: Economic planning can address social inequalities and promote fair distribution of resources by targeting specific groups or areas in need of assistance.

By addressing market failure through these steps, economic planning can help promote the efficient allocation of resources, improve social equity, and foster sustainable economic development.

Learn more about market failure here:

https://brainly.com/question/28457444

#SPJ11

After Wigand's phone call with Bergman, which took place following his meeting with his former company, he goes to option C: the driving range.

The driving range is a location where individuals can practice their golf skills, particularly focusing on their swing and hitting golf balls. Wigand chooses this activity as a means to decompress and reflect on his recent experiences. It offers him a chance to clear his mind and think about the implications of his actions, as well as the potential consequences he may face. As a result, the driving range provides Wigand with an environment that allows him to destress and gain perspective on his situation.

Therefore, the correct answer is C: the driving range.

Learn more about location here: https://brainly.com/question/26638223

#SPJ11

The number one personality trait shared by many successful entrepreneurs is being on the cutting edge of technological change.

The number one personality trait shared by many successful entrepreneurs is being on the cutting edge of technological change. As technology continues to advance, it is crucial for entrepreneurs to stay up to date with the latest developments in their industry. This helps them to identify new opportunities and better serve their customers. However, it's important to note that other traits such as charisma, a desire for power, a desire to employ others, and conscientiousness can also contribute to an entrepreneur's success.

Learn more about personality trait here

https://brainly.com/question/13346581

#SPJ11