Since It Replaces Existing Products and Methods of Production,entrepreneurship Is

question 98

Multiple Choice

Since it replaces existing products and methods of production,entrepreneurship is a process of

• A)harnessing the human potential.
• B)creative destruction.
• C)creation of opportunity.
• D)exploitation of innovation.

---

Definitions:

Accumulated Depreciation

This refers to the total amount of a company's asset cost that has been expensed through depreciation over the asset's life, reducing its initial cost on the balance sheet.

Assets Sold

Items or properties a company has disposed of, either by selling, trading, or other means of transfer.

Sum-Of-The-Years'-Digits Depreciation

A method of depreciation that results in a more accelerated write-off of the asset than the straight-line method, basing the expense on a fraction that decreases year by year.