Scenario A

question 111

Multiple Choice

Scenario A. Your roommate comes in after class to tell you, with great excitement, that she has decided to become an entrepreneur. Her reasons are these: First, she is a gambler so she believes this is a perfect match for her "personality." Second, she is an admitted "control freak". She is confident that all it takes is a good idea and that the money will surely follow. Finally, she made 650 on her SATs so her success, she feels, is a certainty.
-What is your assessment of your roommate's chance of success as an entrepreneur?

• A)She may be successful,but she must realize that her ideas are based on myths.
• B)She will be successful because she understands the entrepreneurial role.
• C)She could never be successful.
• D)She will be successful because she is smart.
• E)There is no way to assess her chances of success without hearing about her idea.

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Definitions:

Disbursements

Money paid out by a business or organization for various purposes, including expenses, investments, and dividends.

Average Daily Receipts

The average amount of cash that a business receives on a daily basis, calculated over a specific period.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.