1)Describe the difference between debt capital and equity capital. 2)What primary risk are business owners taking when selling shares of their companies?
3)What do smart investors do before making an investment?
4)What is the primary goal of the purchasing process?
5)Explain why identifying needs is an important part of the purchasing process.

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?