Most Small-Business Ventures Are in the ________ Category of the Entrepreneurial

question 105

Multiple Choice

Most small-business ventures are in the ________ category of the entrepreneurial strategy matrix.

• A)high innovation/high risk
• B)low innovation/low risk
• C)high innovation/low risk
• D)low innovation/high risk
• E)high investment/low risk

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Definitions:

Money Income

The total amount of money or monetary earnings received by an individual or household over a certain period of time.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can afford with their income level.

Production Possibilities Curve

A graphical representation that shows the maximum number of goods or services that can be produced using limited resources.

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, often characterized by the absence of cyclical unemployment.