According to the Textbook, the Four Characteristics of Successful Entrepreneurs

question 29

Multiple Choice

According to the textbook, the four characteristics of successful entrepreneurs are ________.

• A) passion for the business, on the cutting edge of technological change, very charismatic, and tenacity despite failure
• B) young and energetic, passion for the business, product/customer focus, and seeks recognition
• C) passion for the business, tenacity despite failure, product/customer focus, and execution intelligence
• D) on the cutting edge of technological change, forward thinking, tenacity despite failure, and product/customer focus
• E) passion for the business, seeks recognition, young and energetic, and execution intelligence

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Definitions:

Debt-to-equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets, key in assessing financial leverage.

Assets

Resources owned by a business or individual that are expected to provide future economic benefits.

Equity

The value of an ownership interest in property or a business, after deducting liabilities from assets.

Return on Sales Ratio

A financial ratio that measures the efficiency of a company in generating operating profit from its revenue.