A Key Characteristic of Entrepreneurs Is That They

question 231

Multiple Choice

A key characteristic of entrepreneurs is that they:

• A)are willing to accept the risks involved in starting and managing a business.
• B)have a high level of scientific and technical expertise.
• C)possess a great deal of personal wealth.
• D)have experience in running large,complex organizations.

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Definitions:

Increased Value

The appreciation or rise in the worth of an asset or investment over a period of time.

Variance

A measure of the spread between numbers in a data set, indicating how much the numbers differ from the mean.

Arithmetic Average

A statistical measure of central tendency calculated by summing a set of values and dividing by the number of values in the set.

Geometric Average

A method of calculating the average rate of return that accounts for compounding, commonly used for investment portfolios.