After Starting a Web Design Company While Still in College

question 46

Multiple Choice

After starting a web design company while still in college, Rodrigo sold the company after graduation. He then opened a computer repair shop; and most recently, he has started a marketing firm that specializes in social media. Rodrigo is an example of a(n)

• A) classic entrepreneur.
• B) social entrepreneur.
• C) serial entrepreneur.
• D) lifestyle entrepreneur.

Recognize different forms of cash and cash equivalents.

Comprehend the consequences and requirements of the Sarbanes-Oxley Act (SOX).

Identify the objectives of internal control systems.

Recognize the limitations and considerations of internal control systems.

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Definitions:

Increasing Profits

A financial strategy or outcome where a business experiences a growth in net earnings over time.

Lowering Price

A strategic move where a seller reduces the price of goods or services to attract more customers or beat competitors.

Monopolist

A market participant that is the sole seller of a good or service, thereby controlling the market.

Nondiscriminating Monopolist

A monopolist who charges the same price to all consumers regardless of their individual demand or willingness to pay.