Entrepreneurs, in Part Because They Are Very Busy, Often Fail

question 86

Multiple Choice

Entrepreneurs, in part because they are very busy, often fail to use ________, resulting in inadequate margins to support growth.

• A) formal control systems
• B) a forward-thinking orientation
• C) an opportunity analysis
• D) venture capital
• E) total quality management systems

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Definitions:

Operating Expenses

Ongoing costs for running a business that are not directly associated with the production of goods or services, such as rent, utilities, and salaries.

Current Assets

Resources anticipated to be turned into cash, sold off, or used up either within a year or over the span of the business's operational cycle, depending on which period extends further.

Research and Development

The process of innovating and improving products or services through scientific investigation, experimentation, and technological advancement.

Operating Expenses

Costs associated with the day-to-day operations of a business that are not directly tied to the production of goods or services.