Selena, a Low-Level Employee at a Software Development Firm, Has

question 89

Multiple Choice

Selena, a low-level employee at a software development firm, has always been obsessed with making computers more user-friendly, and she has invented several programs designed to help her friends resolve their computer crash issues. The friends have raved about the results and say her abilities as a computer program innovator are outstanding. She knows that she needs to develop herself in the other areas that create success for entrepreneurs before she takes her hobby to the next level. Of the following steps, which one can Selena choose to skip and still have a reasonable expectation of success as an entrepreneur?

• A)taking computer programing classes at the local community college
• B)joining the local chamber of commerce and getting to know the members
• C)signing up for business management courses at the community college
• D)seeking a promotion to management at her current company to gain experience
• E)educating herself on the business plans of other successful entrepreneurs

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Definitions:

Interest Rate

The percent of principal charged by the lender for the use of its money or the rate earned on deposits.

Loanable Funds

The funds available for borrowing in the financial markets, derived from the savings of individuals and institutions.

Price Floor

A price floor set by a government or an organization, establishing the minimum price that can be charged for a good, service, or resource.

Price Ceiling

A cap set by authorities on the maximum price that can be asked for a good or service.