ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following phrases effectively describes a business’s income statement:
A
Income preview
B
Budget estimate
C
Cash-flow report
D
Financial picture
Explanation: 

Detailed explanation-1: -The statement displays the company’s revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit in a coherent and logical manner.

Detailed explanation-2: -The correct answer is C. In financial statement analysis, a company’s financial reports are used to evaluate its past, future, and potential performance.

There is 1 question to complete.