Jay Sorensen,who Invented the Java Jacket,earned Profits as

question 40

Multiple Choice

Jay Sorensen,who invented the Java Jacket,earned profits as

• A)a risk taker.
• B)an innovator.
• C)both a risk taker and an innovator.
• D)neither a risk taker nor an innovator.

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Definitions:

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its book value.

Interest Receivable

The amount of interest that has been earned but not yet received by the lender.

Gain on Sale

The financial profit earned from selling an asset for more than its book value.