Most Entrepreneurs Do Not Have Enough Money of Their Own

question 323

Multiple Choice

Most entrepreneurs do not have enough money of their own to start their businesses. When they acquire the necessary funds from someone else,

• A)their consumption expenditures are being financed by someone else's saving.
• B)their consumption expenditures are being financed by someone else's investment.
• C)their investments are being financed by someone else's saving.
• D)their saving is being financed by someone else's investment.

Identify major international financial and trade organizations and their functions.

Recognize the significance of international agreements and entities in global trade.

Understand the implications of economic policies and practices on international business, such as dumping and tariffs.

Recognize the impact of social and political factors on international business operations and strategy.

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Definitions:

Remittance

The act of sending money in payment or as a gift, often by a worker to their family in their home country.

Discount Period

The time frame within which a discount is offered for prompt payment on goods and services, often used in sales and invoicing.

Cash Discount

A reduction in the price of goods or services offered to a buyer by a seller for prompt payment.

Invoice Date

The specific date on which an invoice is issued, marking the point from which payment terms are calculated.