Inventions Like Gunpowder and the Wheelbarrow Were Created by the Chinese

question 104

Multiple Choice

Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago.The fact that such items were not put to productive use was caused primarily by a lack of ____.

• A)financial capital 
• B)entrepreneurship 
• C)an adequate price system 
• D)marginal analysis

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Definitions:

Spreadsheet Simulation

A computational model built using spreadsheet software to analyze the implications of various assumptions and scenarios, often in the context of decision-making.

Target Return

A financial goal specifying the desired rate of return on an investment or business venture.

Scenario B

A specific potential or planned situation, often used in planning processes to test different strategies or outcomes.

Competition-oriented

A focus or strategy that emphasizes understanding, responding to, and leveraging the competitive landscape in a market.