Governmental Rules That Significantly Promoted Entrepreneurship First Became Prominent During

question 170

Multiple Choice

Governmental rules that significantly promoted entrepreneurship first became prominent during the

• A)Great Recession.
• B)Age of Enlightenment.
• C)Great Depression.
• D)Industrial Revolution.

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Definitions:

Net Income

The net income of a business following the subtraction of all costs and tax obligations from its total earnings.

Periodic Inventory System

A method of inventory management in which the inventory levels are updated and cost of goods sold is calculated periodically at the end of a reporting period.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue.