The Document That Assists an Entrepreneur and the Management Team

question 10

Multiple Choice

The document that assists an entrepreneur and the management team in focusing on important issues and activities is

• A)the organization chart.
• B)the budget.
• C)the sales analysis.
• D)the business plan.

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Definitions:

Public Good

A public good is a good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and use by one does not reduce availability to others.

Nonrival

A characteristic of a good where its consumption by one individual does not reduce its availability to others; often associated with public goods.

Free-rider Problem

A situation where individuals consume or benefit from resources without paying for them, often leading to under-provision or depletion of those resources.

Streetlights

Outdoor lighting fixtures installed along streets to provide illumination during the night for public safety and convenience.