In the Context of Entrepreneurship Around the World, Identify a True

question 18

Multiple Choice

In the context of entrepreneurship around the world, identify a true statement about microloans.

• A)Such loans typically see much lower repayment rate than most types of loans.
• B)The failure of such loans has resulted in a decreasing dedication of the U.S.aid budget to microloans for developing nations.
• C)The repayment rate on such loans is typically 50 percent.
• D)The success of such loans has been substantial, with great strides being made in many desperately poor nations.

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Definitions:

Book Value

The net value of a company's assets minus its liabilities and preferred stock, often used to determine the potential value of a company if it were to be liquidated.

Carrying Value

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus depreciation or amortization.

Unearned Ticket Revenue

Revenue received from ticket sales before the event or service has been provided; also considered a liability until earned.

Adjusting Journal Entry

An accounting record posted at the conclusion of a fiscal period with the purpose of assigning revenues and expenses to their correct time frame.