A Businessperson Who Accepts Both the Risks and the Opportunities

question 117

True/False

A businessperson who accepts both the risks and the opportunities involved in creating and operating a new business venture is known as an entrepreneur.

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Definitions:

Amortization

The process of gradually writing off the initial cost of an asset over its useful life or the repayment of a loan over time through scheduled payments.

Bond Discount

The gap between what a bond is worth (its face value) and the lower amount it is sold for in the market.

Amortization Methods

Various techniques used to gradually write off the initial cost of an intangible asset over a period.

Amortization

The process of spreading out a loan or intangible asset cost over a specified period of time.