Which of the Following Statements Is False

question 69

Multiple Choice

Which of the following statements is false?

• A)Entrepreneurs want the authority to make important decisions.
• B)Management skills are not important characteristics for entrepreneurs to possess.
• C)Successful entrepreneurs strive to build a successful team around them.
• D)An entrepreneur can develop the vision of the company over time.

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Definitions:

Fixed Assets

Tangible assets held for a long duration, employed in business operations, and not anticipated to be converted into cash or consumed within a short period.

Financial Statements

Reports that provide an overview of a company's financial condition in an accounting period, including the income statement, balance sheet, cash flow statement, and statement of changes in equity.

Statement of Changes

A financial statement that reports on the changes in equity of a company during a specific period.

Inflow of Cash

The total amount of money coming into a company, typically from operations, investments, and financing.