Which of the Following Statements Is True

question 24

Multiple Choice

Which of the following statements is True?

• A) Entrepreneurship is the ability to create and build a vision from practically nothing.
• B) Entrepreneurship is pure luck.
• C) Entrepreneurship is simply obtaining financing and starting a business.
• D) Entrepreneurship has nothing to do with creating incremental wealth.

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Definitions:

Straight Line Depreciation

An approach to apportioning the expense of a tangible asset through identical yearly charges over its productive life.

Salvage Value

The predicted end-of-life resale worth of an asset after its period of functional utility has ended.

Accumulated Depreciation

The cumulative depreciation of an asset up to a single point in its life, representing the decrease in value due to wear and tear over time.

Cost of Goods Sold

The immediate expenses related to the manufacturing of products which a business sells, covering materials and workforce.