In the Beginning, Some Entrepreneurs Use _____ as a Source

question 74

Multiple Choice

In the beginning, some entrepreneurs use _____ as a source of financing.

• A) asset-based lenders
• B) personal credit cards
• C) wealthy individuals
• D) venture capitalists

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Definitions:

Accrued Liabilities

Liabilities that have been incurred but not yet paid or recorded in the financial statements.

Cash Flows

The movement of money into and out of a business, reflecting the company's operational, investing, and financing activities.

Net Worth

The total assets minus total liabilities of an individual or company, representing the owner's equity.

Financing Activities

Transactions related to funding the company, including issuing equity, borrowing loans, or paying dividends.