An Examination of the Reasons Given by People Willing to Accept

question 132

Multiple Choice

An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that:

• A)the desire to earn a profit is the only reason most people have for becoming entrepreneurs.
• B)many people become entrepreneurs because they do not enjoy working for someone else.
• C)the strongest motivator is the desire to be famous and powerful.
• D)contrary to popular opinion,most entrepreneurs are not interested in personal achievement.

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Definitions:

Circular-Flow Diagram

A model that illustrates the movement of goods and services and money between households and businesses in the economy.

Markets

Places or systems in which parties engage in the exchange of goods, services, or information, driven by supply and demand.

Circular-Flow Diagram

A graphical representation illustrating the flow of funds among households, companies, and the government within an economy.

Factors Of Production

Inputs necessary for the creation of goods and services, including labor, land, capital, and entrepreneurship.