Which Statement BEST Describes Why a Successful Entrepreneur Needs to Be

question 42

Multiple Choice

Which statement BEST describes why a successful entrepreneur needs to be flexible?

• A) Starting a new business often leads to envy in the wider business community.
• B) People with whom entrepreneurs work are often opinionated and rigid.
• C) Entrepreneurial ventures involve risky situations and unexpected events.
• D) Initial business revenues tend to be low and may remain low for several years.
• E) Many new businesses suffer from a lack of organization.

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Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which may not reflect its market value.

Semiannual

Occurring twice a year; a term often used in the context of interest payments, dividends, or certain financial reporting periods.

Interest Expense

The cost incurred by an entity for borrowed funds, frequently appearing as a line item on the income statement.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans, varying with the demand, supply, and risk.