After Realizing That Members of His Rural Community Regularly Drove

question 40

Multiple Choice

After realizing that members of his rural community regularly drove over 15 miles for a touchless car wash, Ethan took out a small business loan and partnered with a local gas station to provide the service locally. Ethan exhibited traits of a(n)

• A)entrepreneur.
• B)devil's advocate.
• C)learning organization.
• D)product champion.
• E)intrapreneur.

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Definitions:

Drudgery

Tedious, dull, or hard work that is often demeaning and exhausting.

Production

The process of creating goods and services through the combination of labor, materials, and technology.

Input Prices

The cost of resources used in the production of goods or services, such as raw materials, labor, and overhead.

Production Function

A mathematical representation showing the relationship between input factors of production and the output of goods or services.