Entrepreneurship Can Be Very Challenging

question 36

Multiple Choice

Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?

• A) loneliness
• B) financial reward
• C) long hours
• D) financial insecurity

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Definitions:

Asset

Resources owned by a business which have economic value and can be used to meet liabilities.

Board of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the activities and strategic direction of a company.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to govern financial reporting.