There Has Been a Huge Increase in the Number of People

question 17

Multiple Choice

There has been a huge increase in the number of people who run home-based businesses. They are referred to as which of the following?

• A) minipreneur
• B) intrapreneur
• C) micropreneurs
• D) homepreneurs

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Definitions:

Increase Assets

Refers to the growth in the economic resources owned or controlled by a business that can produce value.

Decrease Assets

A reduction in the value or amount of the economic resources owned by an entity.

Accounting Equation

The fundamental principle of accounting that represents the relationship between an entity's assets, liabilities, and equity (Assets = Liabilities + Equity).

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time.