Entrepreneurial Judgment Requires

question 36

Multiple Choice

Entrepreneurial judgment requires

• A) the ability to use perfect information about the suture to your advantage.
• B) the ability to discover new approaches or solutions to complex problems.
• C) the use of government regulations to prevent competition
• D) that a firm make a profit.

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Definitions:

Interval

A type of variable measurement scale that represents ordered categories with equal distances between adjacent categories but no true zero point.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Pie Chart

A circular statistical graphic which is divided into slices to illustrate numerical proportion.

Frequency Polygon

A graphical device for understanding the shapes of distributions. They are a type of line graph.