The Role of Entrepreneur Primarily Involves

question 33

Multiple Choice

The role of entrepreneur primarily involves

• A)dealing with others outside the organization.
• B)resolving disputes between various parties.
• C)being the voluntary initiator of change.
• D)serving as a representative of the organization.
• E)seeking information for strategic decisions.

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Definitions:

Net Income

The company's earnings remaining after deducting all expenses and taxes from its revenue.

Beginning Equity

The value of an owner's interest in a company at the start of an accounting period.

Ending Equity

The value of an owner’s interest in a company at the end of an accounting period, determined by subtracting liabilities from assets.

Payroll Accrual

An accounting method that records payroll expenses incurred but not yet paid out to employees, ensuring expenses are recognized in the period they are incurred.