Becoming a Successful Entrepreneur Is a Process That Can Be

question 15

Multiple Choice

Becoming a successful entrepreneur is a process that can be ________ and ________ by purchasing an operating business.

• A) Simplified, accelerated
• B) Simplified, stunted
• C) Complicated, accelerated
• D) Convoluted, accelerated
• E) Simplified, enhanced

---

Definitions:

Allocating And Assigning

The process of charging costs to cost objects or determining how costs should be divided and assigned to specific segments of a business.

Accumulating And Assigning

The process of gathering cost data and allocating it to specific products, services, or departments.

Raw Materials Inventory

The total cost of all the materials that are used in making a product but have not yet been converted into the finished product.

Control Account

An account used in accounting to summarize and manage detailed information while keeping the general ledger free of clutter.