Business Cycles Vary In

question 101

Multiple Choice

Business cycles vary in:

• A) the length of recessions only.
• B) the time between recessions only.
• C) both the length of recessions and the time between recessions.
• D) none of the answers given is correct; business cycles are by definition recurring waves that rise and fall in a periodic pattern.

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Definitions:

Motivating

The process of encouraging individuals to take action towards achieving personal or organizational goals.

Serial Entrepreneurs

Entrepreneurs who repeatedly start new businesses and ventures, moving from one interest or opportunity to another over time.

Classic Entrepreneurs

are individuals who start a business motivated by the opportunity to create new products or services, typically taking significant risks in the hope of financial gains.

Social Entrepreneurs

Individuals who use business techniques to create and implement solutions to social, cultural, or environmental issues.