Answer:
The correct answer is D: accepting the risk of starting and running a business.
Explanation:
Entrepreneurship is the aptitude and enthusiasm to develop, organize and manage a business venture along with any of its risks to make a profit. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.
There are 8 P's to become a successful entrepreneur:
1- Pasion
2- Perception
3- Potential
4 - People
5 - Persistent Learning
6 - Permanent Change
7 - Perseverance
8 - Proactiveness
Answer:
a Description of tests performed to search for material weaknesses.
Explanation:
When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.
Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, <u>thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed.</u> The management letter describes the tests performed and the results in each category
<span>The laissez-faire leadership has the following characteristics:
The group members are self-directed.
The leader resolves conflicts and determines policies.
Decisions are made quickly.
A live-and-let-live approach is followed.
The leader does not resolve conflicts and determine policies because this type of leadership is delegative, meaning leaders leave the group members alone. They are self-directed, which means that decisions are made quickly because they do not need to pass approval. Also, members do not interfere with each other so the live-and-let-live approach is indeed followed.</span><span>
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