INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A budget where the amount you earn is equal or less than to the amount you spend.
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A budget where the amount you spend is equal or less than the amount you earn.
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A budget where the amount you spend is greater than the amount you earn.
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A budget where the amount you save is less than the amount you spend.
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Detailed explanation-1: -A balanced budget occurs when revenues are equal to or greater than total expenses. A budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded. Proponents of a balanced budget argue that budget deficits burden future generations with debt.
Detailed explanation-2: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.
Detailed explanation-3: -Variable Expense. An expense that is different from month to month. Fixed Expense. An expense that typically does not change month to month.
Detailed explanation-4: -Which of the following is probably NOT an important point to include in a business pitch? A detailed description of the meaning behind the company’s name.