INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Assets
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anything that has a value.
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The amount of profit (or loss) the business earns after paying expenses and taxes.
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The operating expenses that a business must pay regardless of how many sales are made.
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None of the above
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Explanation:
Detailed explanation-1: -An asset is anything that has current or future economic value to a business. Essentially, for businesses, assets include everything controlled and owned by the company that’s currently valuable or could provide monetary benefit in the future. Examples include patents, machinery, and investments.
Detailed explanation-2: -Intangible Assets FIctitious Assets have no resale value. Intangible assets have a resale value. Since Fictitious Assets are a part of Intangible Assets, they have a much narrower scope.
Detailed explanation-3: -Cash and cash equivalents. Accounts Receivable. Inventory. Investments. PPE (Property, Plant, and Equipment) Vehicles. Furniture. Patents (intangible asset)
There is 1 question to complete.