Most Business Ventures That Fail Are

question 18

Multiple Choice

Most business ventures that fail are:

• A) More than five years old.
• B) Less than ten years old.
• C) Less than one year old.
• D) More than ten years old.

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Definitions:

Plant Assets

Long-term tangible assets that are used in the production of goods or services and are not intended for sale.

Depreciated

A measure of the reduction in the value of an asset over time, often used for accounting and tax purposes.

Unearned Revenue

Money received by a company for a service or product that has yet to be provided or delivered.

Adjusting Entry

An accounting entry made at the end of an accounting period to allocate income and expenditure to the correct period.