Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Business Organization

Financial Accounting

1. Introduction to Accounting

Business Organization

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Multiple Choice

Many classic entrepreneurs are _____ who start small and plan to keep their business small.

intrapreneurs

venture capitalists

franchisees

micropreneurs

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Verified step by step guidance

Step 1: Begin by understanding the term 'micropreneurs.' Micropreneurs are individuals who start small businesses with the intention of keeping them small, often to maintain a balanced lifestyle or focus on personal goals rather than aggressive growth.

Step 2: Review the other options provided in the question to ensure clarity. For example, 'intrapreneurs' are employees within a company who innovate and develop new ideas, 'venture capitalists' invest in businesses for financial returns, and 'franchisees' operate a business under a franchisor's brand and system.

Step 3: Compare the definition of 'micropreneurs' with the description in the question. The question specifies entrepreneurs who start small and plan to keep their business small, which aligns directly with the concept of micropreneurs.

Step 4: Eliminate the incorrect options based on their definitions and relevance to the question. None of the other terms match the description provided as closely as 'micropreneurs.'

Step 5: Conclude that the correct answer is 'micropreneurs,' as it fits the description of classic entrepreneurs who start small and plan to keep their business small.