Match the Term with Its Definition

question 42

Multiple Choice

Match the term with its definition.
-A section of the business plan that focuses on options for cashing out of the investment

• A)business model risk
• B)comprehensive plan
• C)cost structures
• D)executive summary (overview)
• E)exit strategy section
• F)key resource requirements
• G)management team section
• H)offering
• I)operations and development plan
• J)pivoting
• K)pro forma statements

Understand the importance of assumptions in economic modeling and their potential limitations.

Identify key factors of production and their roles.

Describe the concept of comparative and absolute advantages in trade.

Understand the role of economists and economic institutions in policy making and analysis.

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Definitions:

American Federation Of Labor

A national federation of labor unions in the United States founded in 1886, focused on advocating for the rights of skilled workers.

Frederick Taylor

An American mechanical engineer and management consultant who is considered the father of scientific management, focusing on improving industrial efficiency.

Working Conditions

The surroundings or environment in which an individual performs their job, including aspects like safety, hours, and physical demands.

Electric-Powered Streetcars

Urban public transportation vehicles that run on electricity, significant in the development of efficient mass transit systems in the 19th and early 20th centuries.