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Jill Is Looking into the Possibility of Opening Up a Day

question 10

Multiple Choice

Jill is looking into the possibility of opening up a day care center in her community, because she is aware of many single-parent families that need a place for their children to stay while the parents work. She is concerned about the long-term prospects for such a business. Jill believes the future of her center will depend on whether birth rates and the number of single-parent families remain high. These concerns illustrate how businesses can be affected by:

Understand the relationship between technology and capital and their roles as factors of production.

Comprehend the significance of ethical practices for business success.

Recognize the role of innovation, risk-taking, and strategic alliances in entrepreneurship and business strategy.

Understand the concept of portfolio standard deviation and how it is affected by different types of stocks and their weightings.

Definitions:

Experiments

Formal tests of specific variables and effects, performed in a setting where all aspects of the situation can be controlled.

Focus Group

A research method involving a small, diverse group of people whose reactions are studied especially in response to new products or policies.

One-on-one Interviews

A qualitative research method involving a structured or semi-structured conversation between a researcher and a participant to gather in-depth information.

Scientific Method

A method of procedure consisting of systematic observation, measurement, experiment, and the formulation, testing, and modification of hypotheses.