In the Triggering Event Stage of the Startup Process Model

question 93

Multiple Choice

In the triggering event stage of the startup process model (Figure 2.3) in the text, which of the following personal characteristics are needed by the small business owner?

• A) Leadership
• B) Vision
• C) Commitment
• D) Boredom

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Definitions:

Journal Entry

A record in accountancy that captures the financial transactions of a company, showing the accounts affected and in which direction (debit or credit).

Convertible Securities

Financial instruments, such as bonds or preferred shares, that can be converted into a company’s common stock.

Diluted EPS

Earnings per share calculated by including all convertible securities, warrants, options, and other financial instruments that could potentially dilute the earnings per share if exercised.

Convertible Preferred Stock

A type of preferred stock that holders can convert into a specified number of common shares, usually after a predetermined date.