The Entrepreneurs Who Are Proving to Be the Most Successful

question 43

Multiple Choice

The entrepreneurs who are proving to be the most successful in e-commerce are those who know how ________.

• A)their industries work, inside and out
• B)technology works, inside and out
• C)to turn a profit
• D)to effectively finance their e-commerce effort

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Definitions:

Unsecured Creditors

Creditors who have lent money without obtaining specific assets as collateral, meaning they have no special claim on the debtor's property if the debtor fails to pay.

Liabilities With Priority

Obligations that have a preferential claim over other types of debts in the event of a liquidation or bankruptcy.

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or disposal.

Unsecured Creditors

Creditors who have loaned money without any specific collateral, meaning they have a lower priority in case of the debtor's bankruptcy.