What Disease Began in China and Threatened to Become a Worldwide

question 28

Multiple Choice

What disease began in China and threatened to become a worldwide epidemic?

• A) Avian flu.
• B) SARS.
• C) Zika.
• D) Malaria.

Recognize the skills and attitudes entrepreneurs need, such as risk tolerance and ability to handle ambiguity.

Understand the managerial functions and skills required to run a successful business, including planning and controlling.

Identify common challenges faced by entrepreneurs and strategies to overcome them.

Appreciate the contribution of small businesses to job creation and economic growth.

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Definitions:

Gross Profit to Sales

A financial ratio that determines the percentage of gross profit relative to sales revenue, indicating the efficiency of production and pricing.

Theoretical Assumptions

Foundational ideas or principles assumed to be true without immediate empirical testing, used as the basis for further theory development or analysis.

Conservatism

An accounting principle that advises to exercise caution and report expenses and liabilities as soon as possible, but to delay the recognition of revenues and assets.

Gross Profit Method

An inventory estimation technique that determines the cost of goods sold and ending inventory using the gross profit margin.