10 points QUESTION 1 Nem a single parcat, quit his job and started all independent brusness because he was able to give adoption to his child. Being an entrepreneur gives in the freedom to give individed into his child wat jopedering his wack Wich of the following advantages of precarshop is highlighted in the given sco? a Greater financial succes Oh.Flebility Oc Survival O d. Grewar challenge QUESTION 2 10 points To preserve independence and impartiality, the Financial Accounting Standards Board (FASB) menbers we required to a on-disclosure agreement mod hand over all informatics of their peces companies to the beard On several ties with any firms or institutions they served prior to joining the boud. Oscive the board at the retiremcot Od paus woday for partition major accounting concepts 10 points QUESTION 3 Initiam a software development in red $2 million to create a new software Half of the total bodge was ad free kans from different spousons while the most was food by the The deberation to 05. The giv scuro esses the malysis of Oasis tios Ob.loquity is cleverenties d. profitability to Chick Save and it to one and Click Save Allow QUESTION 1 Neman, a single parent, quit his job and started a small independent business because he was unable to give adequate attention to his child. Being an entrepreneur gives him the freedom to give individed attention to his child without jeopardizing his work. Which of the following advantages of entrepreneurship is highlighted in the given scenario? O a Greater financial success O b. Flexibility O Survival O d. Greater challenge QUESTION 2 To preserve independence and impartiality, the Financial Accounting Standards Board (FASB) members are required to: O a.sign a non-disclosure agreement and hand over all information of their previous companies to the board. Ob several ties with any tims or institutions they served prior to joining the board, O c. serve the board until their retirement O d. pass a rigorous two-day, four-part examination on major accounting concepts. QUESTION 3 Initiatium. a software development firm, utilized $2 million to create a new software. Half of the total budget was acquired from loans from different sponsors while the rest was funded by the firm. The debt ratio amounts to 0.5. The given scenario illustrates the analysis of a. asset management ratios b.liquidity ratios c. leverage ratios d. profitability ratios