Entrepreneurs Directly Do All of the Following Except

question 442

Multiple Choice

Entrepreneurs directly do all of the following except

• A) create new ideas about what and how to produce.
• B) make business decisions.
• C) face risks that arise from making business decisions.
• D) decide for whom goods and services are produced.

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Definitions:

Prices

The monetary value assigned to goods and services, determined by various factors including supply and demand dynamics.

Institutional Barriers

Obstacles created by cultural, legal, and organizational structures that hinder the progress or implementation of policies or operations.

Wage Flexibility

The ability of wages to adjust to changes in market conditions, including the supply and demand for labor.

Price Flexibility

The ease with which prices can adjust in response to changes in supply and demand in the market.