You are consulting a group of aspiring entrepreneurs eager to open a business in the mobile car washing market (a market with no barriers to entry or exit). They are intrigued by the idea, but aren’t sure how this particular market characteristic (no entry/exit barriers) impacts long-term profitability. What would you tell them is their long-run profitability with regards to their concern? Be sure you are focusing on things we have discussed in class and not simply general business operations advice.

If a patient with chest pain has just eaten a meal, it is acceptable for the thearpist to assume the chest pain is from heart burn.

Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund within one year of her purchase. If she must pay a 5 percent contingent deferred sales fee, what amount will she actually receive?

Which of the following short-term goals is stated most clearly using the SMART approach?

The number of personal financial records a household has to organize may seem overwhelming. How long should you keep documents relating to the purchase and sale of real estate?

Which of the following is NOT a type of permanent life insurance?

Rebecca owns stock that pays a dividend. She does not want the cash now; instead, she would prefer to have more shares of stock. She should use a:

Which of the following investors would mostly prefer conservative investments with less risk to speculative investments with higher risks?

Homeowner’s insurance typically covers all of the following except:

Given the information here, what is the annual cost of owning the home? Home value$ 300,000 Annual mortgage payments$ 19,200 Annual property taxes$ 4,800 Annual homeowner’s insurance$ 1,200 Estimated maintenance and repairs1% of home valueGrowth in equity$ 3,000 Tax savings (mortgage interest and property tax)$ 2,800 Estimate annual appreciation1.5% of home value