Which of the Following Is an Example of an Activity

question 49

Multiple Choice

Which of the following is an example of an activity undertaken by an entrepreneur?

• A)choosing the color scheme for your renovated kitchen
• B)being promoted to the position of Chief of Police
• C)being appointed to the U.S.Supreme Court
• D)starting your own snow cone business

Understand the significance of ethical leadership and management in fostering a culture of integrity.

Assess the consequences of ethical and unethical behaviors in business operations.

Identify different types of real estate investments.

Understand the distinction between direct and indirect real estate investments.

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Definitions:

Trade Credit

A business arrangement where a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Intermediate-Term Credit

Intermediate-term credit involves loans or financial credit with a repayment period typically ranging from one to five years.

SBA Express Program

A relatively new loan program available through the SBA that simplifies the paperwork that has historically been required.

Conventional Loans

A mortgage loan that is not insured or guaranteed by the federal government, typically requiring a higher credit score and a minimum down payment.