One of the Desirable Skills for an Entrepreneur Is ________

question 26

Multiple Choice

One of the desirable skills for an entrepreneur is ________.

• A)tolerance of risk and uncertainty
• B)ability to understand use of technology for business
• C)competence in bookkeeping
• D)capacity to accept and follow procedures

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Definitions:

Net Cash Inflows

The total amount of cash received by a company during a specific period, minus the total amount of cash outflows.

Payback Period

The length of time required to recover the cost of an investment, calculated by dividing the initial investment by the annual cash inflow.

Discount Rate

The interest rate used to discount future cash flows to their present value, reflecting the time value of money and risk.

Initial Investment

The initial outlay of money required to start a project, purchase an asset, or invest in a business venture.