Which of the Following Is a Difference Between Conventional Entrepreneurs

question 85

Multiple Choice

Which of the following is a difference between conventional entrepreneurs and sustainable entrepreneurs?

• A)Conventional entrepreneurs look for places where they can outperform existing competitors,whereas sustainable entrepreneurs explore ways to improve employment opportunities for the marginalized of society.
• B)Conventional entrepreneurs look at meeting needs that enhance a variety of forms of well-being,whereas sustainable entrepreneurs focus on identifying needs that can provide financial payoffs.
• C)Conventional entrepreneurs focus on divergent thinking,whereas sustainable entrepreneurs seek to find a single precise answer for a problem.
• D)Conventional entrepreneurs recognize the importance of nonfinancial resources,whereas sustainable entrepreneurs focus on achieving tangible and quantifiable financial goals.

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Definitions:

Total Fixed Costs

The sum of all consistent, non-variable expenses a business incurs, such as rent, salaries, and insurance, regardless of production level.

Total Costs

Total costs are the sum of all expenses incurred in the production of goods or services, encompassing both fixed and variable costs.

Total Variable Costs

The sum of expenses that vary directly with the level of production or output, including costs like materials and labor.

Total Fixed Costs

The sum of all costs that remain constant regardless of the level of output or production volume.