In August 2011,Eggs 'R' Us Was Forced to Destroy All

question 39

Multiple Choice

In August 2011,Eggs 'R' Us was forced to destroy all its poultry as a result of an outbreak of Newcastle disease.In the annual report for the year ended 30 June 2012,published in late August,a footnote revealed the loss.This is an example of the concept or principle of:

• A) disclosure
• B) prudence
• C) consistency
• D) understandability.

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Definitions:

Successful Entrepreneur

An individual who has managed to translate an idea into a profitable business, demonstrating innovation, risk-taking, and persistence.

Venture

A business endeavor involving risk, typically with the expectation of future financial gain.

Viable

Capable of working successfully or feasible; in business, it often refers to a concept or idea that has the potential for success.

Business Model Canvas

A strategic management template used for developing new business models or documenting existing ones, visually outlining value propositions, customer segments, and other key components.