Entrepreneurship has become synonymous or closely linked with
a. failure.
b. socialism and monopolies.
c. multimillion-dollar enterprises.
d. free enterprise and capitalism.
ANSWER: d
You might also like to view...
All of the data for the income statement are obtained from the Income Statement columns of the work sheet
Indicate whether the statement is true or false
Using your list from Work Application 10-5, identify the major roles played by each group member, including yourself.
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. The need for change can always be identified by looking at an organization’s external environment. 2. A tight congruence within an organization should be its number one priority. 3. Large change projects and incremental changes face drastically different challenges. 4. Greiner believes that rapid, discontinuous changes are disruptive and detrimental to organizations and can be avoided by careful management.
In July of this year, Sam performs financial consulting services for William. On August 1, Sam sends William a bill for $1,200. As of September 30, Sam has not heard from William. After repeated efforts to collect the fee, Sam discovers in November that William has left the state and cannot be found. If Sam is an accrual basis taxpayer, for the current year, he can deduct:
A. $- 0 -. B. an $800 ordinary loss. C. a $1,200 ordinary loss. D. a $1,200 short-term capital loss. E. a $1,200 long-term capital loss.