Explain the importance of assessing one's pecs before engaging in any particular entrepreunrial activity

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.