Which of the Following Is a Characteristic of Successful Entrepreneurs

question 2

Multiple Choice

Which of the following is a characteristic of successful entrepreneurs?

• A) Power-seeking
• B) Relies heavily on others who believe in the business
• C) Willingness and desire to follow others
• D) Action-oriented

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Definitions:

Discount Period

The established period after a sale during which a customer can pay the invoice at a reduced rate, incentivizing quicker payments and enhancing cash flow.

Merchandise Inventory

Goods that a company holds with the intent of selling them to customers.

Accounts Payable

Liabilities or amounts owed by a business to creditors for purchases or services rendered that haven't been paid for yet.

Contra-Asset

An account displayed on the balance sheet that reduces the value of a related asset, such as accumulated depreciation.