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In 1984,Suzanne Pogell wanted to learn to sail,but she could find no one to teach her.She finally convinced someone to teach her to sail,and after mastering sailing,she started an all-woman sailing school called Womanship.Pogell started small and plans to stay small.Which type of entrepreneur is Suzanne?
Economic Losses
Financial deficits that occur when expenses exceed revenues, or due to lost opportunities, inefficiencies, or unexpected market changes.
Chronic Budget Deficits
A fiscal situation where a government consistently spends more than it receives in revenue over a long period, leading to accumulating debt.
Spending Priorities
The allocation decisions made by an individual, organization, or government regarding where to allocate available financial resources among various competing needs or interests.
Deferred Costs
Expenses that are incurred for an asset that will not be completely consumed in the current period but rather recognized over time.
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