Examlex
Juanita wants to operate her own business. Although she admits it would be nice to earn a healthy profit, her primary motivation is the excitement and challenge of starting and running a business. Juanita's attitude is different from most small business owners, who usually focus solely on the earnings potential of their ventures, as well as the opportunity to acquire power and prestige.
External Customers
Individuals or entities that purchase goods or services from a business but are not part of the same organization.
Revenue Test
A criterion used to determine whether a particular amount of revenue can be recognized in a company's financial statements.
Profit or Loss Test
An analytical assessment to determine whether a financial transaction or strategy has resulted in financial gain or loss.
Asset Test
An asset test is a method of determining an individual's or entity's eligibility for certain financial assistance programs based on the value of their assets.
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