An Example of an Idea for a New Startup from a Hobby

question 18

Multiple Choice

An example of an idea for a new startup from a hobby is

• A)a coin collector,who bought and sold coins for years to build a personal collection,deciding to become a coin dealer.
• B)a furniture salesperson seeing the possibility of opening a new furniture store in a different area of the city.
• C)a sharpshooter,who shot holes in a pair of her boyfriend's jeans during an argument,hearing him get complimented on the way they look.
• D)all of the above are examples.

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Definitions:

Capital Balances

Refers to the amount of money in a company's accounts designated for the owners or partners, reflecting their stakes in the business.

Income Ratios

Financial metrics that compare different aspects of a company's income, such as net income to sales, to assess its financial performance and profitability.

Partnership Cash

Funds or capital held by a partnership, which is a business entity owned by two or more individuals.

Death of a Partner

A situation in a partnership where one of the partners passes away, requiring the partnership to address the consequences and redistribution of the deceased partner's interest.