As a Result of the Recent Economic Recession,Bart Was Laid

question 16

Multiple Choice

As a result of the recent economic recession,Bart was laid off from his corporate finance job indefinitely.With little planning,he eventually started his own business as a financial management consultant,helping small business owners keep afloat financially during tough economic times.This is a classic example of

• A) Frugal business advantage
• B) Necessary entrepreneurship
• C) Fiscal entrepreneurship
• D) Economic advantage

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Definitions:

Image

The representation or perception of someone or something in the mind of the public or specific groups of people.

Ethical Dilemmas

Situations in which a person is required to choose between two conflicting moral principles, making it difficult to decide the right course of action.

Proactive Approach

Anticipating and planning for future challenges or opportunities rather than reacting to events as they occur.

Reactive Approach

A method where actions or decisions are taken in response to events or situations rather than by initiating them.