Which of the Following Is a Characteristic of Successful Entrepreneurs

question 2

Multiple Choice

Which of the following is a characteristic of successful entrepreneurs?

• A) Power-seeking
• B) Relies heavily on others who believe in the business
• C) Willingness and desire to follow others
• D) Action-oriented

Understand the significance and calculation of accounts receivable turnover.

Recognize the accounting treatments for bad debts and the quality of receivables.

Understand and apply the direct write-off method for uncollectible accounts.

Recognize the expense recognition principle as it applies to bad debts and compare the direct write-off and allowance methods.

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Definitions:

Dividend Per Share

The amount of dividends paid to shareholders per share, indicating the distribution of company profits to shareholders.

Annual Dividend

The sum of all dividends a shareholder gets from a company over the course of a year.

Dividend Increases

An action taken by a company's board of directors to raise the amount of money paid to shareholders in the form of dividends, usually reflecting the company's strong financial health and positive future earnings outlook.

Rate Of Return

The financial result, be it profit or loss, of investing over a certain length of time, depicted as a percentage of the initial investment value.