INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Income is money you earn, usually from working at a job.
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Income is payment you make to the federal government.
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Income is money you receive after paying taxes.
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Income is payments you make to the government to pay for roads, bridges, and schools.
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Detailed explanation-1: -Which of the following statements is TRUE about startup capital? Startup capital is the money you invest in the form of supplies, marketing, legal services, and other investments to get your business up and running.
Detailed explanation-2: -If you spend money on things you want before things you need, you limit your ability to save for high-priced items, like higher education. A balanced budget typically includes the amount you earn income, the amount you pay in taxes, the amount you put away in savings.
Detailed explanation-3: -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-4: -The amount you earn in income. The amount you pay in taxes. The amount to put away in savings. All of these items are included in a balanced budget.