INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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not making money, making money
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not profitable, profitable
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not getting that bag, getting that bag
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All of the above
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Detailed explanation-1: -The expression “in the red” is used to describe a business that has negative earnings. This is in contrast to the phrase “in the black” which refers to businesses that are profitable and financially solvent.
Detailed explanation-2: -The terms “in the black” and “in the red” have important meanings in small business bookkeeping. They describe a company’s financial health, with businesses operating at a loss being described as “in the red” and those that can meet their operating costs (and even generate profit) described as “in the black."
Detailed explanation-3: -Being in the black means that you have been profitable. You make more than you spend. Your company has more income than debt, and you can pay your expenses with ease. You may not be making a profit, but you are at least breaking even.