A(n)________ Is Someone Who Takes the Risk of Creating, Organizing

question 4

Multiple Choice

A(n) ________ is someone who takes the risk of creating, organizing and operating a business, usually to satisfy an unmet need in the marketplace.

• A)business owner
• B)entrepreneur
• C)venture capitalist
• D)innovator

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Definitions:

Adjusting Journal Entry

An accounting entry made in the general ledger at the end of an accounting period to record any unrecognized income or expenses, ensuring the accounts reflect the correct amounts.

Vendor

An entity or person that supplies goods or services to another company, often part of the supply chain.

Depreciation

The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.

Horizontal Analysis

A method of financial analysis in which items on financial statements over multiple periods are compared.