The Important Message of Chapter 2 Is ______

question 61

Multiple Choice

The important message of Chapter 2 is ______.

• A)to establish a procedure or method for a successful entrepreneur
• B)to give the reader some sage advice which is research based
• C)to work on your strategic plan before you do anything else in your entrepreneurship
• D)that family and friends are the most important relationships of an entrepreneur

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Definitions:

Capital Stock

The total amount of shares a company can issue, as authorized by its corporate charter.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Debts Of Entity

Financial obligations that a company or individual owes to external parties or creditors.

Monetary Unit Assumption

An accounting principle that assumes money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis.