Entrepreneurs Do All of the Following EXCEPT

question 12

Multiple Choice

Entrepreneurs do all of the following EXCEPT

• A) organize labor, land, and capital.
• B) come up with new ideas about what and how to produce.
• C) bear risk from business decisions.
• D) own all the other resources used in the production process.

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Definitions:

Cash Shortage

A situation where the actual cash on hand is less than the expected amount, often due to errors, theft, or mismanagement.

Replenishment

The process of refilling inventory or stock to ensure adequate levels for ongoing operations or sales demands.

Journal Entry

An accounting record of a business transaction in the accounting books, including information such as the date of the transaction, amounts, accounts affected, and a brief description.

Petty Cash

A small amount of cash on hand used for minor expenses.