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Question
Eduardo took out a second mortgage on his home to finance his new business. He makes all the decisions and keeps all the profits. Eduardo is:
a. bootstrapping. b. an entrepreneur.
c. an administrator. d. a partner.
Answer
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Related questions
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a. True
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Making funds available to cover losses that cannot be eliminated by risk control
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a. True
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
a. True
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It is best to write a marketing plan before collecting marketing research data.
a. True
b. False
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The marketing strategy section provides the most detailed information in a formal marketing plan.
a. True
b. False
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Define the term market and explain the key ingredients of that definition.
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What are the qualifications of partners?
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Liability on the part of an owner that extends beyond the owners investment in the business
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b. accrued expenses.
c. owners' long-term debt.
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Bernard has just learned that on the balance sheet, the assets must equal the ___________ plus the _______________.
a. money borrowed from others, money invested by the owners
b. accounts receivable, accounts payable
c. accumulated depreciation, asset value
d. net profit, retained earnings
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In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
a. depreciation expense
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d. decrease in accounts payable
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a. marketing plan.
b. statement of cash flows.
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b. 6 months
c. 1 quarter
d. 12 months