Tilly Independently Owns and Operates QuestInfo, Inc

question 9

Multiple Choice

Tilly independently owns and operates QuestInfo, Inc., a company with 14 employees. She manages aggressively and expects rapid sales and profit growth. Tilly's company is considered a(n) ________ venture.

• A)entrepreneurial
• B)intrapreneurial
• C)franchise
• D)small business
• E)dependent

---

Definitions:

Highly Elastic

Refers to a strong responsiveness of the quantity demanded or supplied of a good to a change in its price.

Statutorily Granted

Pertains to rights or powers given or enforced by a legislative body or statute.

Government Subsidy

Financial assistance provided by the government to individuals, organizations, or industries to support their operation or reduce the price of their products.

Market Price

The current price at which an asset or service can be bought or sold in the market.