What Is the Overriding Responsibility of an Entrepreneur

question 5

Multiple Choice

What is the overriding responsibility of an entrepreneur?

• A) To manage people
• B) To use the company resources to accomplish goals
• C) To make as much money as possible
• D) To be ethical and socially responsible

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Definitions:

Performance Tradeoffs

The balance or compromise between different performance metrics, such as speed versus cost, in business operations or system design.

Integrated Factory

A manufacturing facility where various components of production, management, supply chain, and technology systems are combined and optimized for efficient operation.

Material Handling Systems

Equipment and procedures designed to manage the movement, protection, storage, and control of materials throughout manufacturing, warehousing, distribution, consumption, and disposal.

Electronically Communicate

The process of exchanging information and conducting transactions through electronic means, such as email, instant messaging, and electronic data interchange (EDI).