According to the text, for an entrepreneurial start-up to be successful, three ingredients are critical. what are they?
a. good ideas, a team of investors, and a business plan
b. a viable opportunity, available resources, and a qualified and motivated founding team
c. an opportunity, a marketing plan, and office space
d. management, marketing, and money

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

As related to a company completing the purchase to pay process, is there an accounting journal entry "behind the scenes" when xyz company pays for the goods within 10 days of the invoice (gross method is used for discounts and terms are 2/10 net 30) that updates the general ledger?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.