Entrepreneurship Is the Mobilization of Resources to

question 53

Multiple Choice

Entrepreneurship is the mobilization of resources to

• A)start a process that ends with the founding of a new business.
• B)compare two companies on specific dimensions.
• C)market an old product with a new twist.
• D)provide customers with new or improved goods and services.

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Definitions:

Errors

Errors are mistakes or inaccuracies that occur in financial statements or other business documents, often necessitating corrections.

Debits

The left side of an accounting ledger where increases in expenses, assets, or decreases in liabilities and equities are recorded.

Credits

Entries in the accounting system that represent an increase in liabilities or equity or a reduction in assets, commonly associated with income and receipts.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts or funds obtained from special financing sources.