Identify the correct terms for business ownership, drive, and revenue.

Question 1:
B. an asset
Anything owned by the business that has economic value is considered an asset.

Question 2:
C. Drive and Energy
Successful business people often possess strong drive and energy to overcome challenges, innovate, and sustain effort in their ventures.

Question 3:
D. repayment income
To cover rent or loan obligations, a business must ensure it has sufficient repayment income (or revenue/earnings) generated from its operations.

Question 4:
A. asset
Even if equipment is obsolete, it is still an item owned by the firm and is therefore classified as an asset, although its book value may be reduced or written off.