Hisrich (1990) defined that an entrepreneur is characterized as âsomeone who demonstrates initiative and creative thinking, is able to organize social and economic mechanisms to turn resources and situations to practical account, and accepts risk and failureâ.
APY, or annual percentage yield, is a term that applies to deposit accounts. APY is a percentage rate reflecting the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day period.
Accounts payable often are referred to as âpayables.â AP also may refer to a business department or division that is responsible for making payments owed by the company to suppliers and other creditors. Investopedia explains Accounts Payable (AP).