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

Which of the following is a characteristic of a business opportunity?

It offers the potential for profit.

It is only available to large corporations.

It requires no investment or risk.

It guarantees immediate success.

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Verified step by step guidance

Understand the concept of a business opportunity: A business opportunity refers to a situation where a business can generate profit by meeting a market need or solving a problem.

Evaluate the characteristics of a business opportunity: A true business opportunity typically involves potential for profit, investment, and risk, and does not guarantee immediate success.

Analyze the options provided: Review each option critically to determine which aligns with the definition and characteristics of a business opportunity.

Option 1: 'It offers the potential for profit' aligns with the definition of a business opportunity, as profit potential is a key characteristic.

Options 2, 3, and 4: 'It is only available to large corporations,' 'It requires no investment or risk,' and 'It guarantees immediate success' do not align with the characteristics of a business opportunity, as they are either overly restrictive or unrealistic.