To the greatest extent possible the entrepreneur should use other people's resources, a common way entrepreneurs accomplish more with less. This is called bootstrapping.
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Q4: Profits reward an owner for investing in
Q7: The cash budget is concerned only with
Q9: The debt ratio expresses the firm's debt
Q10: Pro forma financial statements mean that the
Q11: Although the asset-to-sales ratio varies over time
Q12: In a real world situation an entrepreneur
Q16: Projections of a venture's profits, its asset
Q17: There must be a corresponding dollar of
Q18: The cost of goods sold can be
Q19: A firm's sales are the primary force
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