Entrepreneurs need to know the basics of accounting even if they hire a professional because ) the entrepreneur will be able to have the same level of expertise
b) they no longer need to pay attention to accounting
c) they will need to understand the financial reports
d) they will need to tell the accountant what information is required.

C) they will need to understand the financial reports

Explanation:

Accounting reports communicate business performance in a period.  They show the financial strength or weakness of a business. The accounting report indicates whether a company is growing or declining.

An entrepreneur will be at an advantage if they can understand and interpret accounting reports. He or she will tell how the business is faring. The entrepreneur will be in a better position to make decisions if they understand the content of an account

answer/// there is an inverse relationship between price and quantity demanded;