Which One of the Following Statements Is Incorrect

question 4

Multiple Choice

Which one of the following statements is incorrect?

• A)Entrepreneur wealth has been associated with strong economic growth.
• B)Inherited wealth has been shown to have a negative effect on economic growth.
• C)Familism refers to strong family ties and the possible limitations these may cause for firm growth and the emergence of firms in industries that are not typically associated with family ownership.
• D)All of the above statements are incorrect.

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Definitions:

Notes Receivable

Financial assets representing written promises for future receipt of cash.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services purchased on credit.

Notes Payable

A financial liability on a company's balance sheet representing promissory notes that require future payments of principal and possibly interest.

Maturity Value

The amount due to the owner of a financial instrument at its maturity date, including principal and interest.