Which of the Following Statements About Entrepreneurship Is the Most

question 119

Multiple Choice

Which of the following statements about entrepreneurship is the most accurate?

• A) It is another word for physical capital that is used to produce goods and services.
• B) It is human capital.
• C) It is another word for the financial capital that can be used to start a business.
• D) It is the resource that organizes the other factors of production in order to produce goods and/or services.

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Definitions:

Management

The process of planning, organizing, directing, and controlling resources to achieve organizational goals.

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a business by a person, company, or organization to generate wealth through investment or production.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the development of devices, processes, or systems.

Labour Productivity

An indicator of economic effectiveness that evaluates the quantity of goods and services generated relative to the total hours labor contributes.