A Multinational Manager Is Studying the Data on Total Entrepreneurial

question 24

Multiple Choice

A multinational manager is studying the data on total entrepreneurial activity ratings by country. She is most likely doing this in order to

• A)Assess the level of entrepreneurship in a country.
• B)Understand available industries.
• C)Assess small business failure.
• D)Understand opportunities for new ventures.

---

Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values.

Zero Standard Deviation

A statistical measure indicating that all values in a dataset are identical.

Utility Function

An analytic depiction of the way individuals order assortments of items based on their contentment or value received.

Equivalent Variation

A monetary measure of the change in utility or satisfaction that a consumer experiences due to a change in prices, holding utility constant.