Jan Berry Recently Received a $500,000 Inheritance from Her Maternal

question 52

Multiple Choice

Jan Berry recently received a $500,000 inheritance from her maternal grandmother. Jan decided to use the money to start a business. According to the textbook, the inheritance that Jan received was the ________ that prompted her to start a business.

• A) prompting event
• B) entrepreneurial prompt
• C) initiating event
• D) triggering event
• E) kick-off event

---

Definitions:

Economies Of Scale

The cost advantages obtained due to the increased level of production, which causes the average cost per unit to fall.

Output Q₂

A specific quantity of goods produced during a given period, indicated as "Q₂" to signify a particular point or interval in production.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a particular good or service, limiting competition.

Multinational Corporations

Companies that operate in multiple countries, beyond their home country, engaging in international business activities.