Which of the Following BEST Explains Why Flexibility Is an Important

question 122

Multiple Choice

Which of the following BEST explains why flexibility is an important quality that Christina needs for success?

• A) It takes a certain amount of money to start a business.
• B) It often helps to have a business partner in a new business.
• C) Starting a new business requires a great deal of planning.
• D) Starting and running a new business involves many unpredictable factors.
• E) An entrepreneur must be extremely competent in business skills.

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Definitions:

Rental Income

Revenue received from leasing property or other assets to tenants.

Advance

A payment made before it is due or for goods and services yet to be received.

Income Summary

An account to which all revenue and expense accounts are transferred at the end of an accounting period to summarize the results of operations for that period.

Normal balance

The side of an account (debit or credit) where increases in the account are recorded, depending on the account type.