The Budgetary Fund That Deals with the Need for Repair

question 26

Short Answer

The budgetary fund that deals with the need for repair of tools, weapons, and shelter is referred to as the __________ fund.

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Definitions:

Entrepreneur

An individual who creates, organizes, and operates a business or businesses, taking on greater than normal financial risks in order to do so.

Present Value

The present value of a future amount of money or series of cash flows, taking into account a particular rate of return.

Rate of Interest

The percentage of a sum of borrowed money that is paid by the borrower to the lender for the use of that money for a certain period.

Frank Knight

was an influential American economist known for his work on risk, uncertainty, and the role of the entrepreneur in economic theory.