Successful Entrepreneurs Do Not Exhibit Which of the Following Traits

question 17

Multiple Choice

Successful entrepreneurs do not exhibit which of the following traits?

• A)recognize and seize commercial opportunities
• B)tend to be doggedly optimistic
• C)express conditional optimism
• D)are pessimistic about the future

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Definitions:

Nominal Annual Interest

Nominal annual interest is the stated interest rate associated with a loan or investment, not accounting for compounding or inflation effects within a specific year.

Monthly Car Payments

Regular payments made by a borrower to a lender for the financing of a vehicle purchase, typically structured over a set period.

Down Payment

An initial payment made when something is bought on credit, typically a percentage of the purchase price.

Compounded Annually

The process of calculating interest on both the initial principle and the accumulated interest of previous periods on a yearly basis.