Many factors are necessary to achieve financial success in business. What do Stanley and Danko, authors of The Millionaire Next Door, consider to be the most important factor?
A) access to capital
B) serving a high-end market
C) quality products
D) personal character
E) limited government regulation
Answer: D
Explanation: D) The authors state that the character of the business owner is more important than the kind of business in predicting level of wealth.
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a. 33% of the debt securities of a second company b. 100% of the debt securities of a second company c. 15% of the equity securities of a second company d. None of these choices
Which of the following is a set of standards created by the AICPA for data files and fields in order to support external audits?
A. Audit Data Standards (ADS). B. Online Analytical Processing (OLAP). C. Extract, Transform & Load (ETL). D. Audit Control Language (ACL).
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A Penrosian definition of the firm focuses on the role of:
a. Technology b. Capital c. Resources d. Network