Which of the Following Entrepreneurs Would MOST Likely Start Their

question 26

Multiple Choice

Which of the following entrepreneurs would MOST likely start their business as quickly as possible, spending little time on a business plan?

• A)Madison is starting a business to provide makeshift shelters to natural disaster victims.
• B)Stacia is starting a housecleaning business for working couples with children.
• C)Danisha is starting a personal coaching business for senior high school girls wanting to be computer software developers.
• D)Luke is starting a café business that will operate from 11pm to 3am Monday through Thursday.

Understand the impact of trade policies like tariffs and quotas on domestic economies.

Comprehend the principle of foreign exchange rates and their implications for international trade.

Identify different forms of business organizations and their characteristics.

Grasp the concept of international trade and the reasons behind it.

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Definitions:

President Pierce

Franklin Pierce, the 14th President of the United States (1853-1857), whose presidency is often criticized for his support of the Kansas-Nebraska Act and enforcement of the Fugitive Slave Act.

Cuba

An island country in the Caribbean, known for its significant historical events such as the Cuban Revolution and its strained relations with the United States.

Slave Power

Slave Power refers to the perception or reality of disproportionate political power held by slave owners in the United States, particularly in the antebellum South, affecting national decisions and policies.

Charles Sumner

An American politician and senator from Massachusetts, known for his deep commitment to the cause of civil rights and abolition of slavery.