According to Hernando De Soto, Which of the Following Factors

question 23

Multiple Choice

According to Hernando de Soto, which of the following factors is essential for the developing world to be able to reap the benefits of innovation and entrepreneurship?

• A) detailed state planning
• B) restricting direct investment by foreign enterprises
• C) strong property rights
• D) market regulation

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Definitions:

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made, used to prepare financial statements.

Total Assets

The sum of all assets owned by a company, including both current (short-term) and non-current (long-term) assets, representing the total resources at its disposal.

Income Statement

A document detailing a firm's incomes and expenditures within a certain timeframe, ultimately revealing the net profit or deficit for that interval.

Revenues

The aggregate sum of funds a business accrues from selling goods or delivering services in a given timeframe.