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Author Question: According to the innovation theory of profit, above-normal profits are necessary to compensate the ... (Read 106 times)

james0929

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on: Jul 1, 2018
According to the innovation theory of profit, above-normal profits are necessary to compensate the owners of the firm for the risk they assume when making their investments.
 a. true
  b. false

Question 2

A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores' sales volume fail to meet expectations. This is because
 a. The consultants are paid per store and not just profitable store locations
  b. The consultants are paid per store and hence choose the best locations
  c. The consultants would always choose the best locations
 d. None of the above


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jharrington11

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


james0929

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

shewald78

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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