Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Final answer:
Danny should contribute a minimum of 6% of his salary to his 401(k) plan each year so the amount is B. $3000/year
Explanation:
Danny should contribute a minimum of 6% of his salary to his 401(k) plan each year.
His salary is $50,000, so
Calculating - 6% of $50,000
= 6/100 x 50,000
= 30,0000/100
= 3000
Therefore, option B, $3,000/year, is the minimum amount of salary that Danny should contribute to his 401(k) plan each year.
If wealth increases, the demand for stocks ________ and that of long-term bonds ________, everything else held constant.
Answer:
Increase
Increase
Explanation:
When wealth increases, the disposable income of individuals increases and individuals are more willing and able to invest in stocks and long term bonds.
I hope my answer helps you.
When wealth increases, demand for stocks typically increases due to higher consumption and investment in higher-return assets, while demand for long-term bonds decreases due to their reduced attractiveness at lower interest rates.
Explanation:If wealth increases, the demand for stocks increases and that of long-term bonds decreases, everything else held constant. This can be understood considering how changes in real wealth affect consumption patterns and investment attitudes. An increase in wealth typically leads to an upward shift in the consumption function, meaning people are likely to spend more, including on equities like stocks, thereby increasing their demand.
For long-term bonds, the scenario is influenced by interest rates. As people become wealthier, they tend to demand more liquid assets, which can lead to a fall in the interest rates, thereby reducing the attractiveness of holding long-term bonds; hence, their demand decreases. Additionally, as stocks become more appealing due to potential higher returns, this can move investment away from bonds, further decreasing their demand.
It's also pivotal to understand the dynamics of the money supply. If the stock of money increases, commonly referred to as the 'price of money', interest rates may fall. Lower interest rates generally make bonds less attractive compared to stocks since the return on bonds directly correlates with interest rates, which imply for the prices of goods and services to potentially rise due to increased economic activity spurred by cheaper borrowing costs.
Your buyer has just said, "Your machines break down more often than most of your major competitors' machines." You decide to reply using the indirect denial method to handle this objection. Which of the following statements is the best example of this method?
A. "You know, I think everyone should be as concerned about quality as you are."
B. "I can see why you feel that way, but on the other side, we do have very good service centers where you could get your machine fixed."
C. "That simply is not true. Studies show that our machines break down no more than our major competitors'."
D. "That may have been true at one time. In fact, before we introduced our new quality control management system, that statement would have been right on target. However, things have changed."
E. "That's true. However, they are 30 percent less expensive. So they're still a better deal for you."
Answer:
From my view, the BEST example of indirect denial is E.
Explanation:
In the indirect denial method, We first directly agree with the customer's view point and then give a reason why that customer's view is not 100% accurate.
In E, we can clearly see this, you first say Yes by saying "that's true". and then gives a fair reason why your deal is still the best.
In the Option B, which seems an ok answer too, we don't directly agree with the customer's statement first.
Because of this, Option E is the most applicable answer.
When does the taxpayer sign the tax return?
A. Before quality review and before being advised of their responsibility for the accuracy of the information on the return.
B. Before quality review and after being advised of their responsibility for the accuracy of the information on the return.
C. After quality review and before being advised of their responsibility for the accuracy of the information on the return.
D. After quality review and after being advised of their responsibility for the accuracy of the information on the return.
Answer:
A
Explanation:
Which of the following statement is true?
A. It is difficult to lower prices on an introductory product.
B. Price skimming allows competitors to easily enter the market.
C. Firms must consider the high costs associated with producing a small volume of product.
D. Price skimming does not work well with new-to-the-market, innovative products.
E. Price skimming is often challenged as being illegal.
Answer:
C. Firms must consider the high costs associated with producing a small volume of product.
Explanation:
Firms must always consider the high costs of producing at a lower volume and factor this in their budgets and pricing decisions.
All the other options are fall as Price skimming sets higher prices and makes entry difficult furthermore usually, introductory products are at a lower price to attract customers. This nullifies Option A and B.
Option D is nullified as innovative products usually commands higher prices called skimming.
Option E is conditional may be true in some cases but not always, higher prices simply discourage the demand without any legal action necessary most of the times.
Hope that helps.
Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. Which option can immediately boost his career in the intended direction?
A.
continue on in an entry-level position
B.
complete a certification from a professional organization
C.
complete a new four-year undergraduate program in a related field
D.
complete a two-year associate degree in a related field
E.
complete an online course in accounting
Answer:
B. complete a certification from a professional organization
Explanation:
Option A can get Vincent in-hand experience. So, it cannot be the answer.
Option B can immediately boost his career in the intended direction because a certification program at a professional level can enhance his capability.
Option C is wrong because without completing the four-year degree, he cannot do an internship.
Option D can be the answer, but two-year is a long-term study and cannot boost his career quickly.
Option E is wrong because he is doing an internship in the field of accounting.
For a monopoly, the level of output at which marginal revenue equals zero is also the level of output at whicha.total revenue is maximized.b.profit is maximized.c.marginal cost is zero.d.average revenue is zero.
Answer:
a.total revenue is maximized
Explanation:
Marginal revenue refers to the change in total revenue. Zero marginal revenue impllies no change in TR. Thus, only when TR is maximized will MR be zero before falling.
Veterinarians generally derive some of their income from selling several manufacturers' lines of pet-care products. Knowing that pet owners rarely throw away mail from their pet's veterinarian unread, one manufacturer of pet-care products offered free promotional materials on its products to veterinarians for mailing to their clients. Very few veterinarians accepted the offer, however, even though the manufacturer's products are of high quality.
Which of the following, if true, most helps to explain the veterinarian's reaction to the manufacturer's promotional scheme?
(A) Most of the veterinarians to whom the free promotional materials were offered were already selling the manufacturer's pet-care products to their clients.
(B) The special promotional materials were intended as a supplement to the manufacturer's usual promotional activities rather than as a replacement for them.
(C) The manufacturer's products, unlike most equally good competing products sold by veterinarians, are also available in pet stores and in supermarkets.
(D) Many pet owners have begun demanding quality in products they buy for their pets that is as high as that in products they buy for themselves.
(E) Veterinarians sometimes recommend that pet owners use products formulated for people when no suitable product specially formulated for animals is available.
Answer:
(C) The manufacturer's products, unlike most equally good competing products sold by veterinarians, are also available in pet stores and in supermarkets.
Explanation:
Only option (C) explains why very few veterinarians accepted the offer. If the manufacturer offers free promotional materials to all veterinarians clients and all this material is available at other supermarkets and malls their will be good probability that clients will go directly to supermarkets and malls reducing income of veterinarians.
Tom tunes pianos in his spare time for extra income. Buyers of his service are willing to pay $155 per tuning. One particular week, Tom is willing to tune the first piano for $120, the second piano for $125, the third piano for $140, and the fourth piano for $160. Assume Tom is rational in deciding how many pianos to tune. His producer surplus is
a. $95.
b. $80.
c. $75.
d. $60.
Answer:B - $80
Explanation: Producer surplus is the difference btw what a consumer is paying and what a producer is charging.
From the above questions, Tom tuned the following pianos:
Buyer willing to pay $155.
Tom tuned piano 1 for $120, therefore his surplus on piano 1 is $155 - $120 = $35
Tom tuned piano 2 for $125, therefore his surplus on piano 2 is $155 - $125 = $30
Tom tuned piano 3 for $140, therefore his surplus on piano 3 is $155 - $140 = $15
Tom tuned piano 4 for $160, therefore his surplus on piano 4 is $155 - $160 = ($5)
All together his surplus is $35+$30+$15 =$80
Answer:
B) $80
Explanation:
The price for every piano tuning = $155, and Tom's costs for tuning pianos area as following:
$120 < $155, producer surplus = $35$125 < $155, producer surplus = $30$140 < $155, producer surplus = $15$160 > $155, producer surplus = -$5Since Tom is rational, he will only tune 3 pianos per week, since the tuning of the fourth piano is more expensive than the price charged.
Therefore, Tom's total suppliers surplus = $35 + $30 + $15 = $80
Marco and Fred enter into a contract for the sale of Marco's apartment for which Fred agrees to pay him $100,000. Marco cannot prohibit Fred from transferring his right to the ownership of the apartment because such a prohibition is:
a. unconscionable.
b. against public policy.
c. immoral.
d. a crime.
Answer:
The correct answer is the option A: unconscionable
Explanation:
To begin with, the reason why such prohibition from Marco to Fred is unconscionable is due to the fact that Marco already stated in a private contract that he agreed to sell the apartment to Fred by a certain price, therefore establishing that the property of the real estate now belongs to the other party, letting everyone else external to the contract know that the proper and new owner is Fred.
Secondly, it is understandable that now that Fred is the new owner of the apartment by contract then it is unfair and unreasonable that the old owner Marco prohibits him to do what he wants with the apartment.
There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus unstructured, and (4) in situ versus invented. True or false?
Answer:
False
Explanation:
What is the option to sell shares of stock at a specified time in the future called? a stock exchange a call option a future a put option
Answer:
A put option
Explanation:
An option is a finantial instrument that allows you to chose wether you buy (a call option) or sell (a put option) an specific good or intrument in a specific time in the future, at a specific price.When talking about an option, you can choose if you are going to exercise your right to buy (if it is a call option) or sell (if it is a put option). This is a difference between a future and an option: a future is a compromise to buy or sell an specific commodity or finantial instrument, while the option makes it optional (to buy or sell).A stock exchange is a simple exchange of stocks, but without a compromise to do it at a specific time in the future or prices. There is no option or obligation to buy or sell in a common stock change case.In this case, we are talking about a put option (an option to sell), and the finantial instrument that is linked to the option are shares of stocks. Then, in a specified time in the future you will be able to sell shares of stock using a put option.Answer:
A put option
Explanation:
...
Which is true of how reference groups influence consumer behavior? a. Reference group norms do not constrain consumer behavior. b. Consumers are prohibited from dissociating themselves from reference groups. c. Consumers generally use the same criteria as their reference groups to make their own consumer decisions. d. Consumers are influenced only by the reference groups to which they belong.
Answer: Option C
Explanation: In simple words, reference groups refers to the entity which directly or indirectly impacts the view of the costumers regarding a particular commodity or section of that particular commodity.
There are three types of reference groups which are as follows informative, utilitarian and expressive. Producing entities of the composites conspires such groups as of high importance because their influence and opinions can bring such producers heavy market share.
Consumers rely heavily on such sources and generally follow the perceptions that are made by such groups. Hence from the above we can conclude that the correct option is C.
if the unemployment rate is equal to the natural rate of unemployment, then the economy's
Answer: the economy is efficient
Explanation: Natural rate of unemployment is the rate of unemployment when the economy is believed to be at its best,it is also the rate of unemployment where all the facets of the economy are working efficiently.
When the rate of unemployment equals the natural rate of unemployment the economy is said to be in equilibrium which means that market forces are effectively influencing the economy to perform t it's best. In the United States the natural rate or unemployment has been estimated to be between 4.5 -5%.
After becoming certified, a personal trainer obtains liability insurance. What is this an example of
Answer:
The trainer is being professional in transacting business, following standard procedures.
Explanation:
The trainer is being professional in his business transaction ensuring there are no losses due to future claims of damages from clients.
The liability insurance would cover the personal trainer from future claims of damages or injuries payments to clients, as his insurers would take care of it.
Obtaining liability insurance after certification exemplifies risk management in business. It protects the personal trainer's livelihood against the financial ramifications of risks associated with their profession.
An individual obtaining liability insurance after becoming a certified personal trainer is an example of risk management. By securing liability insurance, the personal trainer transfers the potential financial costs of any risks associated with their work, such as accidents or injuries that might occur during training sessions, onto an insurance company.
This is a thoughtful approach to safeguarding oneself against the unforeseen and the uncertainties prevalent in any business, especially one dealing with physical activities.
Having liability insurance is a preventative measure that aligns with obtaining an occupational license. It serves to protect the trainer's livelihood by ensuring they can continue operating their business even if faced with claims or lawsuits. A premium, which is a regular payment made to the insurance company, enables the coverage.
This practice is commonplace not only for personal trainers but also for many professionals who seek to protect their practice through liability coverage, aligned with the overarching principle of using insurance to manage risks and protect one's assets.
A small group for health insurance in California is a single employer with ______ or fewer full-time equivalent employees (persons who work at least 30 hours per week).
Answer:
100
Explanation:
Full time equivalent employees are calculated similarly to equivalent production units, for example two employees working 15 hours per week are equivalent to one full time employee.
In California, small groups can get health insurance through SHOP (Small Business Health Options) or through private exchanges. Employers must guarantee health insurance to all eligible employees.
Small businesses with 25 or less employees who earn less than $50,000 on average, may be eligible for federal premium tax credits of up to 50% of the employee premium for a health plan purchased only through SHOP.
Assume a Demand shift (a decrease in income) moves the economy from Point C to Point A. At Point A the Rate of Unemployment will be _______ per cent.
Answer:
8
Explanation:
After decrease in income economy moves from point C to point A , at point A unemployment will reach at 8%.
Natalie wants to make a 25% profit on her $70,000 land investment (there is no mortgage). She figures agents charge a 6% commission, and that closing costs will be an additional $1,200. What should she accept as a final sale price (to the nearest hundred)?
Natalie wants to make a 25% profit on a $70000 sale. That would be:
(125 ÷ 100) × 70000 = $87500.
Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:
(106 ÷ 100) * 87500 = $92750.
On this $92750, there's a closing cost of $1200,
Add $92750 + $1200 = $93950.
$93950 to the nearest hundred will be $94000.
Natalie should make the final sale price $94000 in order to make a profit of %25.
Answer:
Final sale price = $94000
Explanation:
Price of investment = $70000
Profit accrued on investment = 1.25 * $70000= 87500
Agent commission= 6%
Agent commission = .06 * 87500
= $5250
Additional fee = 1200
Final sale price = $87500 +1200 + 5250 =93950 =$94000(nearest hundred)
The _________ states that the value of the firm is determined solely by the value of its assets.
Answer:
M&M proposition
Explanation:
M&M proposition is also called Modigliani Miller hypothesis says that the estimation of a firm is unaffected by how that firm is financed. The manner in which an organization funds its advantages decides the capital structure of an organization
An organization can back its activities by either obligation or value or can follow half breed strategy by joining the two.
Firms with a very limited advertising budget would be very unlikely to use ________ advertising.
A. Internet
B. radio
C. outdoor
D.television
Answer:
D.television
Explanation:
Television advertising consumes a lot of time in planning and execution. In many cases, a business is required to contract an advertising specialist to prepare the television advert. Developing a TV advert is similar to making a movie. It involves a cast, script, and a location, all of which costs money.
Developing a TV commercial is one costly aspect. Running the adverstsment on broadcast media is also expensive. TV adverts take a short time and may require repeated exposure to have a meaningful impact. The more the advertisement airs, the more expensive it becomes. A business with a limited budget should avoid advertising on TV.
Assume there is an increase in the number of consumers in the market for a good sold by perfectly competitive firms that are initially producing the profit-maximizing level of output. For the individual firm, this would result in:a. a decrease in price and increase in the profit-maximizing quantity of output.b. an increase in both price and the profit-maximizing quantity of output.c. an increase in price and decrease in profit-maximizing quantity of output.d. a decrease in both price and the profit-maximizing quantity of output.
Answer:
Option (B) is correct.
Explanation:
Number of consumers in the market is one of the determinants of demand which shifts the demand curve.
In a perfectly competitive market, if there is an increase in the number of consumers in the market then as a result the demand for the product also increases which shifts the demand curve rightwards.
This rightward shift in the demand curve will result in an increase in both equilibrium price and equilibrium quantity which is also a profit maximizing quantity of output.
If STUDENT and COURSE participate in a relationship, this is an example of a(n):
a) ternary relationship.
b) binary relationship.
c) extraordinary relationship.
d) coupled relationship.
e) unary relationship.
If student and course participate, that relationship is called a Binary Relationship
Explanation:
Binary Entity:
it can be defined as the relationship between 2 different entities.
The binary entity is of 3 types namely
one to one (eg: person and diving license)one to many ( eg: project and employee )many to many (eg: student and books)The binary of teacher and subject can be explained by
teacher → teaches → subject
The relationship between two entities, STUDENT and COURSE, in a relational database is known as a binary relationship. This term is used to illustrate the connection between data points in a database. Other term options provided refer to relationships with different characteristics or numbers of entities.
Explanation:When STUDENT and COURSE participate in a relationship in a relational database, this scenario is an example of a binary relationship. A binary relationship, in the context of databases, is when two entities, in this case, STUDENT and COURSE, are involved. For instance, a student can be enrolled in a course, illustrating a relationship between the two entities. Such relationships govern the manner in which data is stored and interrelated within a database. Ternary, unary, extraordinary, and coupled relationships refer instead to relationships involving different number of entities or have different characteristics altogether. Binary relationship is the correct term to describe the relationship between two entities in a database.If STUDENT and COURSE participate in a relationship, this is an example of a binary relationship. In a binary relationship, two entities are involved, and in this case, the entities are STUDENT and COURSE. The relationship between them can be represented as a one-to-many relationship, where a student can be associated with multiple courses but each course can only be associated with one student.
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All of the following are true regarding representations except:________
A. They may be oral or written
B. They may be altered or withdrawn after the issuance of the policy
C. They are statements believed to be true
D. They may be made before or at the time of policy issue
The untrue statement about representations in an insurance policy is 'They may be altered or withdrawn after the issuance of the policy'. Once a policy is issued, representations usually cannot be altered or withdrawn.
Explanation:In the context of insurance law, representations are statements made by the applicant of the policy. These statements are believed to be accurate and truthful to the best of the applicant's knowledge and are generally made before or at the time of policy issuance. These representations can be either oral or written.
However, choice B states 'They may be altered or withdrawn after the issuance of the policy', which is not true when it comes to insurance law. Once the policy is issued, representations cannot usually be altered or withdrawn. They become a permanent part of the insurance contract.
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Michael is a successful business owner who can develop his ideas into productive enterprises. Although he was an average student in school, his great social skills and common sense indicate that Michael might score highly in what Sternberg calls _________ intelligence.
Answer: Practical
Explanation:
The practical intelligence is one of the type of human cognitive intelligence and it is refers to the ability in which the individual person find out the best way according to the actual demand of environment.
It is basically proposed by the Robert J. Sternberg and it is one of the form of technique which we can apply and also implement according to our knowledge in practically way.
We can also measure our practical intelligence by using the tacit knowledge as it incorporated various types of practical knowledge for implementing various types of tasks.
Therefore, Practical is the correct answer.
Final answer:
Practical intelligence in Sternberg's triarchic theory emphasizes street smarts and problem-solving abilities based on life experiences, separate from traditional IQ measures.
Explanation:
Robert Sternberg proposed the triarchic theory of intelligence, which includes three parts: practical, creative, and analytical intelligence.
Practical intelligence is likened to 'street smarts' where individuals apply knowledge based on experiences to find solutions that work in everyday life.
Practical intelligence is separate from traditional IQ and can be seen in individuals like Michael, who excel in developing their ideas into successful enterprises due to their common sense and social skills.
A bank loan officer thinks people who speak with an accent are lazy; consequently, he refuses to grant them loans. The loan officer's belief is an example of _____ . His refusal to grant them loans is an example of _____.
Correct/Complete question: A bank loan officer thinks people who speak with an accent are lazy; consequently, he refuses to grant them loans. The loan officer's belief is an example of _____ . His refusal to grant them loans is an example of _____.
a. stereotyping; attribution
b. attribution; stereotyping
c. discrimination; prejudice
d. prejudice;discrimination
Answer:
d, prejudice; discrimination
Explanation:
Prejudice is a preconceived opinion about a person or group of persons or race, tribe that has no basis, least of all experience with such persons or group of persons. It is what the bank loan officer has for people with accent.
Discrimination of the other hand is the denial of an opportunity or good or service based on prejudice.
An example of prejudice is 'Blondes are dumb.' Because one person had a dealing with a blonde and she turned out to be dumb, it became a general opinion formed by people through the years and any/every blonde is seen as dumb by default.
Failurre to give a blonde haired applicant a job becasue of her hair colour is discrimination.
I hope this helps. Happy holidays.
As a central bank has greater independence from the government, the economy's inflation rate tends to : a. be larger be reduced . As expectations of inflation increase, firms and workers b. increase decrease wages and prices, therefore inflation c. decreases increases . A central bank's ability to maintain credibility on a policy to keep inflation low.
Answer:
Be reduced, or decrease.
Explanation:
An independent central bank can more easily reduce inflation and keep it low because it does not have fiscal or political pressures from governments.
Governments are always interested in keeping the economy growing and unemployment low, and if they have power over the central bank, they may turn to expansionary monetary policy by increasing the money supply, and thus, boosting economic activity.
However, it has been demonstrated that an excessive growth of the money supply leads to inflation, or even, to hyperinflation. This is why in the current year, Venezuela, a country whose central bank is not independent, is experiencing hyperinflation.
An indenpendent central bank can continue implementing a prudent monetary policy even if the economy is not growing a lot, unemployment is above the natural rate, and political pressure is high.
Al started a qualified childcare program for his employees in 2014. In the current year, he spent $5,000 on qualified childcare expenditures and $500 in qualified childcare referral expenses. Al's current year employer-provided childcare credit is:
Answer:
$1,300
Explanation:
The IRS allows employers a maximum credit equal to 25% on qualified childcare expenditures and 10% on qualified childcare referral expenses:
$5,000 x 25% = $1,250
$500 x 10% = $50
Al's current credit = $1,250 + $50 = $1,300
Based on the following information, what is the balance on the financial account? Exports of goods and services = $5 billion Imports of goods and services = $3 billion Net income on investments = -$2 billion Net transfers = -$2 billion Increase in foreign holdings of assets in the United States = $4 billion Increase in U.S. holdings of assets in foreign countries = -$1 billion
Answer:
3 billion
Explanation:
the financial account will be the cash inflow less the cash outflow:
Increase in foreign holdings of assets in the United States = $4 billion Increase in U.S. holdings of assets in foreign countries = -$1 billion
4 billion of dollar enter the US from aboard while 1 billion left the country with destination aboard in total the financial account will be:
4 billion - 1 billion = 3 billion
100 points
In what way are electronic communications sometimes different from other business communications?
They are more formal
They are more casual
They are longer
They are more professional
Answer: They tend to be more casual
Explanation: Casual communications are used in settings that do not require the same level of protocol. The degree to which a situation is formal or casual determines the degree to which the method and style of communications are formal or casual. It tend to follow this exact pattern when it comes to electronic communication. Casual communications is easy and well accepted.
If the opportunity cost of manufacturing machinery is lower in the United States than in Britain and the opportunity cost of manufacturing sweaters is higher in the United States than in Britain then the United States will:________.a. import sweaters from Britain and export machinery to Britain.b. export sweaters to Britain and import machinery from Britain.c. import both sweaters and machinery from Britain. d. export both sweaters and machinery to Britain.
Answer:
.a. import sweaters from Britain and export machinery to Britain.
Explanation:
A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations. The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.
Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain. Britain will be prudent to import machinery from the united states rather than produce. Britain produces sweaters using fewer inputs that the US. The US will find importing sweaters from Britain more economical compared to manufacturing.
Michelangelo owns a small catering business that mostly serves his community. He has been hired for company picnics, backyard barbecues, and family celebrations. As word of mouth has spread about his delicious food, good service, and fair prices, he has started getting more business. To handle this, he has hired four employees to help cook and serve food at these events. What kind of entrepreneur is Michelangelo?A. a macroentrepreneur
B. a sharing entrepreneur
C. a gig entrepreneur
D. a social entrepreneur
E. a microentrepreneur
Answer:
(B). Michelangelo is a micro entrepreneur.
Explanation:
A micro entrepreneur is someone who sets up and manages a small business such that he or she controls every aspect of the running of the business and oversees the business growth.
Michelangelo, by running a small scale catering business in his community and hiring employees when the need arises, is a micro entrepreneur.