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Helga Owns Viking, Inc

question 42

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Helga owns Viking, Inc., started with her $100,000 inheritance.Helga's accountant informs her that her firm earned a profit of $100,000 last year, and that if she chooses to invest the money she can expect a 10 percent return.If Helga did not run Viking, she would not work.What were Helga's economic profits last year?


Definitions:

Growth Mindset

The belief that one's talents and abilities can be developed through dedication and hard work.

Self-correcting Feedback

A process through which systems adjust and refine themselves based on responses from their environment or actions.

Creativity

The ability to produce original and unusual ideas, or to make something new or imaginative.

Self-leadership

The practice of intentionally influencing your thinking, behavior, and feelings to achieve your objectives.

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