Which of the following best describes an entrepreneur?
A) a person who forms and operates a business
B) a person who invests in an existing business
C) a person who lends capital to a new business
D) a person who derives a profit from a new or an existing business
A
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In 2004, James had Cost of Goods of 358,358; in 2005, they were 365,069. On the last day 2004 his
Inventory was 45,675, and on the last day of 2005 it was 51,559. What is the Inventory Turnover for James' Television Sales Shop for 2005? A) 7.37 B) 7.51 C) 7.34 D) 7.44
Which of the following issues would a typical partnership agreement address?
A) The contributions of each partner to the business. B) How the partnership profits (or losses) will be distributed. C) How a partner can sell her/his ownership in the business. D) All of the above