All of the Following Are Important Steps That an Entrepreneur

question 36

Multiple Choice

All of the following are important steps that an entrepreneur can take to increase his or her chances of success in entrepreneurship EXCEPT

• A) learn to micromanage.
• B) study an industry .
• C) understand his or her preferences .
• D) build a network .
• E) acquire new skills .

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Definitions:

Social Contract

A theoretical agreement within a society regarding the rights and duties of the state and its citizens, often used to justify political or moral obligations.

Labor Utilization

The strategic use and management of human resources to optimize productivity and efficiency in the workplace.

Work Hours

The duration of time that employees spend performing their job duties during a given day or week.

Skill Based Pay

A compensation system that pays employees based on their skills, knowledge, and abilities rather than their job title or position.