Being Your Own Boss Means

question 204

Multiple Choice

Being your own boss means:

• A) Reducing your working hours.
• B) Having the freedom to set your own ours and taking lots of vacations, particularly when just beginning the business.
• C) Accepting accountability for the mistakes of the business.
• D) Having limited financial resources to throw into the business.

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Definitions:

Scarcity Principle

A social psychology principle stating that people value and desire something more highly when it is rare or difficult to obtain.

Scarcity

A situation in which resources are insufficient to satisfy all wants and needs.

Reactance

A motivational reaction to offers, persons, rules, or regulations that threaten or eliminate specific behavioral freedoms.

Compliance

The act of conforming to or following rules, regulations, or standards.