Entrepreneurs Weigh the Differences Between the Benefits of Starting a Business

question 266

Multiple Choice

Entrepreneurs weigh the differences between the benefits of starting a business and those things that they are likely to forego because they choose to work for themselves. Such things they are likely to pass up on are:

• A) the freedom to make their own decisions.
• B) local government benefits such as enterprise zone tax credits.
• C) employer-paid benefits such as paid vacation and health insurance.
• D) tickets to sporting events that trading partners may provide.

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Definitions:

Information Technology

The use of computers, networking, and other physical devices and processes to create, process, store, secure, and exchange all forms of electronic data.

"The World is Flat"

A book by Thomas L. Friedman that discusses globalization and its impact on the world economy, proposing that technological advancements have leveled the competitive playing fields between industrial and emerging market countries.

Social Dumping

Practice where companies move production to countries with lower labor standards and wages, undermining workers' rights and conditions.

Domestic Producers

Companies that manufacture or produce goods and services within a country's borders.