_____ Consists of Identifying Opportunities,planning and Devising the Venture,and Resourcing

question 9

Multiple Choice

_____ consists of identifying opportunities,planning and devising the venture,and resourcing the venture and taking action.

• A)Business plan
• B)Bias for action
• C)New-market disruption
• D)Bootstrapping
• E)Entrepreneurial process

Understand the process of posting from the general journal to the ledger accounts.

Assess the financial risk based on liabilities, assets, and equity.

Understand the steps involved in processing financial transactions.

Understand the concept of decision-making under risk and uncertainty, including aggressive and conservative strategies.

---

Definitions:

Histogram

A graphical representation of the distribution of numerical data, showing the frequency of data points in consecutive, non-overlapping intervals.

Frequency Distribution

A Frequency Distribution is a statistical representation showing the number of observations within specified intervals or categories.

Scatter Plot

A graphical representation of data points on a two-dimensional plane, where each axis represents a different variable, used to observe relationships between variables.

Box-and-Whisker Plot

A graphical representation used in statistics to display the distribution of a dataset that shows the median, quartiles, and outliers.