The Majority of Entrepreneurs' Business Ideas Come from Area Outside

question 11

True/False

The majority of entrepreneurs' business ideas come from area outside of their present line of employment or experience.

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Definitions:

Ending Balance

The amount in an account at the end of an accounting period after all debits and credits have been accounted for.

Cash Account

An account that records cash transactions involving the inflows and outflows of cash.

Ending Balance

The final amount in an account at the end of a period, reflecting all transactions.

Cost of Goods Sold

Direct costs attributable to the production of the goods sold by a company. This includes the cost of the materials and labor directly used to create the good.