Which of the Following Should an Entrepreneur Consider Before Starting

question 5

Multiple Choice

Which of the following should an entrepreneur consider before starting a business?

• A) Marketing information.
• B) Information regarding government regulations.
• C) Information regarding various laws that strongly affect all businesses.
• D) None of the above are crucial to consider before starting a business.
• E) A, B, and C are crucial to consider.

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Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada.

Mortgage Payable

A liability representing money owed on a long-term loan used to purchase property, typically secured by the property itself.

Financing Activities

Transactions related to raising capital and repaying shareholders, including issuing equity, obtaining loans, and paying dividends.

Investing Activities

Transactions that involve the purchase or sale of long-term assets and investments are considered investing activities.