Match the Term with Its Definition

question 48

Multiple Choice

Match the term with its definition.
-Entrepreneurial activity whose goal is to find innovative solutions to social needs, problems, and opportunities

• A)attractive small firm
• B)corporate refugee
• C)entrepreneur personality
• D)high-potential venture (gazelle)
• E)manager personality
• F)microbusiness
• G)niche market
• H)reluctant entrepreneur
• I)social entrepreneurship
• J)technician personality

---

Definitions:

Avoidable Costs

Avoidable costs are expenses that can be eliminated if a particular decision is made or if a certain activity is stopped.

Alternatives

Various options or choices available to decision-makers.

Decision

The choice made between two or more alternatives, often in a business or strategic context, that affects the course of action.

Relevant

Pertaining to information or factors that are applicable and significant to a specific decision or situation.