In Order to Reach Profit Objectives, Entrepreneurs Must Be Aware

question 25

Multiple Choice

In order to reach profit objectives, entrepreneurs must be aware of their firms':

• A) current ratio and liabilities.
• B) fixed assets and owner's equity.
• C) assets and liabilities.
• D) overall financial position and any changes in the financial status.

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Definitions:

Empowerment

The process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes.

Parents

Adults who have a child or children, either biologically, through adoption or foster care, or by being a figure of parental guidance.

Communication

The exchange of information, ideas, feelings, or messages between individuals through various means, including verbal, non-verbal, written, and digital channels.

Prioritize Problems

The process of arranging or dealing with problems or tasks in order of importance, to address the most critical or urgent issues first.