Which of the Following Statements Is True of Entrepreneurship

question 56

Multiple Choice

Which of the following statements is true of entrepreneurship?

• A) Any entrepreneur with a good idea can raise venture capital.
• B) Entrepreneurs are their own bosses and independent.
• C) Entrepreneurs "get rich quick" and enjoy a lot of leisure time.
• D) Entrepreneurs take careful, calculated risks and are not afraid to act on those decisions.
• E) If an entrepreneur is talented, he or she will quickly succeed.

---

Definitions:

Est. Cost of Goods Sold

An estimated figure representing the cost directly associated with the production of the goods sold by a company.

Selling Price

The amount of money a seller charges for a product or service.

Credit Sales

Transactions where goods or services are sold and payment is delayed, typically recorded as accounts receivable.

Required Production

The quantity of products a company needs to produce to meet its sales goals and inventory levels.