After Starting a Web Design Company While Still in College,Alejandro

question 15

Multiple Choice

After starting a web design company while still in college,Alejandro sold the company after graduation.He then opened a computer repair shop; and most recently,he has started a marketing firm that specializes in social media.Alejandro is an example of a(n)

• A)serial entrepreneur.
• B)social entrepreneur.
• C)lifestyle entrepreneur.
• D)classic entrepreneur.

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Definitions:

Restricted Fund Method

An accounting principle used by non-profit organizations, where donations or grants are kept in separate accounts and are spent only according to donors' stipulations.

Capital Fund

A financial resource that is used for the purchase of fixed assets or for significant investment in a business, not consumed in normal operations.

Restricted Contribution

A donation given to an organization with explicit limitations on its use by the donor.

Fixed Assets

Fixed assets, also known as non-current assets, are long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash within a year.