INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True or False. Employees suffer the financial loss if the business fails.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A business failure definition is a business that closes or ceases operations, causing the creditors to lose money. A business can fail when it is no longer able to turn a profit.
Detailed explanation-2: -Without sufficient capital or the financial resources used to sustain and run a company, business failure is imminent. No business can survive for a significant amount of time without making a profit, though measuring a company’s profitability, both current and future, is critical in evaluating the company.
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