2. the number one reason for the failure of new businesses is
a. poor management.
b. poor marketing.
c. taking too many risks.
d. insufficient cash. ( correct answer, just took a test)

6. which of the following is an essential part of being an entrepreneur?
a. being friendly
b. being an expert in your field
c. having a lot of money
d. taking risks ( correct answer , just took a test )

15. one of the advantages of starting your own business is
a. free time.
b. no hassles.
c. lack of responsibility.
d. profit. ( correct answer, just took a test )

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to