Which of the Following Statements About Entrepreneurs Is False

question 26

Multiple Choice

Which of the following statements about entrepreneurs is false?

• A) The role of entrepreneurs is critical to the prosperity of the global economy.
• B) The role of entrepreneurs is critical for the creation of needed innovations.
• C) Entrepreneurs are confined to niches in domestic economies.
• D) Entrepreneurs have demonstrated their importance creating important new goods that have aided in the global economy's development.

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Definitions:

Lot Size

The quantity of a particular product that is produced or purchased at one time, influencing inventory levels and production planning.

Kanban Systems

A method for managing work and inventory with visual signals to indicate when new work should start or when inventory should be replenished.

Safety Stock

Inventory kept on hand to protect against stockouts caused by variations in supply and demand.

Lead Time

The total time that elapses from the initiation of a process or order until its completion, often used in manufacturing and project management to measure efficiency.