Which of the Following Is NOT an Example of an Entrepreneur

question 8

Multiple Choice

Which of the following is NOT an example of an entrepreneur?

• A) Madeline runs a neighborhood lemonade stand by herself.
• B) Diane Molberg started By Request,a successful home bakery business that guarantees that any item it sells is no more than 24 hours old.
• C) Elmer Olsen created the successful Bayfield Apple Jam Company using a recipe from his wife and some investment capital.
• D) Cindy has a yard sale once a year.
• E) Donna Cook wanted to start a little home business 10 years ago;now she has a company that produces and markets more than 150 dry cooking mixes.

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Definitions:

Plant Assets

Long-term tangible assets used in the operation of a business, not expected to be converted into cash within a year, such as buildings and machinery.

Year Ended

Refers to the conclusion of a 12-month accounting period, marking the end of a company's financial year.

Natural Resources

Raw materials that are sourced from the environment and utilized for economic gain, such as minerals, forests, and water.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as departments or products.