In the Book the Theory of Economic Development, ________ Argued

question 12

Multiple Choice

In the book The Theory of Economic Development, ________ argued that entrepreneurs develop new products and technologies that, over time, make current products and technologies obsolete. This process is called creative destruction.

• A) Malcolm Gladwell
• B) Seth Godin
• C) Joseph Schumpeter
• D) Thomas Friedman
• E) Jim Collins

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Definitions:

Earnings Per Share

A key financial indicator that quantifies a company's net profit divided by the number of common shares it has outstanding.

Discontinued Operation

A segment of a company's business that has been sold, ceased, or abandoned and is reported separately on the income statement.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, determining profit or loss for that period.

Continuing Operations

Parts of a business that are expected to continue operating into the foreseeable future.