The Book Is Based Upon Four Factors/components Which Can Be

question 6

Multiple Choice

The book is based upon four factors/components which can be considered the building blocks of entrepreneurship. These are:

• A) environment, traits, profitability and process
• B) environment, person(s), opportunity and process
• C) environment, risks, evaluation and process
• D) the individual, process, risks and the economy

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Definitions:

Decreases Asset

Transactions or events that result in a reduction of the value or quantity of the assets owned by a company.

Credit Memo

A credit memo is a document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the original sales contract, often issued for returned goods or for a pricing discrepancy.

Increases Asset

A phrase indicating transactions or events that result in the growth of the asset value in an entity's balance sheet.

Internal Control-Integrated Framework

A conceptual framework developed by the Committee of Sponsoring Organizations (COSO) to help businesses establish, assess, and enhance their internal control systems.