Which of the Following Is a Reason Why Entrepreneurs Use

question 5

Multiple Choice

Which of the following is a reason why entrepreneurs use market mechanisms to exploit opportunity?

• A) Accelerate the pace of exploitation.
• B) Minimize adverse selection.
• C) Minimize shirking by employees.
• D) To escape defeat by competitors.
• E) All of the Above.

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Definitions:

Information

Data that is processed, organized, or presented in a context that gives it meaning.

Ethics

A branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Utilitarian Rule

An ethical principle that suggests the best action is the one that maximizes utility, often interpreted as achieving the greatest good for the greatest number of people.

Practical Rule

A guideline or procedure based on practical considerations, often derived from experience, for effective action or decision-making.