George is the owner of numerous classic automobiles. His intention is to hold the automobiles until they increase in value and then sell ous events (e. g., antiqu In 2017, he sold a classic automobile for $1.5 million. He had held the automobile for five years, and it had a tax basis of $750,000. a. Was the automobile a capital asset? No. It is depreciable property used in a business.
b. Assuming a rate of return of 7%, how much would he have had to invest five years ago (instead of putting $750,000 into the car) to have had $1.5 million this year? The present value factor for 5 years at 7% is .7130.

answer; /// i believe that the above statement is ( true ); the firms competencies are its strengths, the firm is likely to have the most success if it focuses on these finding customers whose needs it can meet using these

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answercountries with higher real income per capita tend to have higher levels of this index.