Melina and Carl Want to Start an Event Management Company

question 94

Multiple Choice

Melina and Carl want to start an event management company that would provide local artists with a platform to showcase their talent and gain an audience. Melina and Carl are willing to invest their own resources in this project. In the context of factors of production, the given scenario exemplifies the concept of _____.

• A) deployment
• B) entrepreneurship
• C) situational analysis
• D) capital creation

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Definitions:

Intestate Succession

The process by which property passes to others when people die without a will.

Antique Car Collection

The hobby or business of collecting cars from earlier periods, typically those that possess historical value or unique characteristics.

Safety Deposit Box

A secure container, typically held within a bank vault, used to store valuable possessions or documents.

Codicil

A supplemental document that modifies, explains, or revokes a will or part of a will.