What Is the Overriding Responsibility of an Entrepreneur

question 35

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:

Compounding

The process whereby interest is added to the principal sum, so that from that moment on, the interest that has been added also earns interest.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded, with price on the vertical axis and quantity on the horizontal axis.

Loanable Funds

The money available for borrowing in the financial markets, determined by savings and investments.

Savers

Individuals or entities that set aside a portion of current income for future use, often by depositing money in savings accounts or investing in securities.