Which of the Following Statements Is True

question 47

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.

---

Definitions:

Depreciation Expense

The allocation of the cost of an asset over its useful life to account for declines in value over time.

Double-declining-balance

An accelerated depreciation method that doubles the normal depreciation rate.

Salvage Value

The estimated residual value of an asset at the end of its useful life, representing what it could potentially be sold for or scrapped.

Book Value

The net value of a company's assets minus its liabilities and intangible assets, often used to determine a company's actual value.