Which of the Following Accurately Describes the Need for Money

question 95

Multiple Choice

Which of the following accurately describes the need for money relative to entrepreneurship?

• A)A lot of money is needed.
• B)No money is ever needed,only the idea.
• C)Many businesses are started with very little money.
• D)It is never needed.

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Definitions:

Revenue Function

is a mathematical representation that shows how revenue changes in response to changes in sales volumes, prices, or other influencing factors.

Costs

The monetary value spent or required to buy, produce, accomplish, or maintain something.

Environmental Regulations

Rules and standards set by authorities to control the impact of human activities on the environment.

Utilities

Essential services provided by public and private sectors such as water, electricity, gas, and sewer services.