Figure 10-2 -According to Figure 10-2 Above, Column C Represents a

question 70

Multiple Choice

Figure 10-2
-According to Figure 10-2 above, column C represents a

• A) continuous innovation.
• B) discontinuous innovation.
• C) dynamically continuous innovation.
• D) spontaneous innovation.
• E) simultaneous innovation.

Describe non-routine decisions in entrepreneurship that involve significant financial risks.

Identify and understand the various sources of uninsurable risk.

Comprehend the main sources of economic profit.

Analyze the different factors that affect the effective rate of interest for lenders and borrowers.

---

Definitions:

Validity Concepts

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Third Wave

A term often associated with societal shifts or technological advancements, reflecting transformative changes in culture or industry.

Fourth Wave

This term is often used to denote the latest phase or generation in a particular sequence of technological or societal developments.

Social Innovations

Social innovations are new strategies, concepts, ideas, and organizations that meet social needs of all kinds, from working conditions and education to community development and health, extending and strengthening civil society.