Which of the Following Statements Is a Characteristic of Entrepreneurs

question 6

Multiple Choice

Which of the following statements is a characteristic of entrepreneurs?

• A)They are hardly interested in creating wealth for themselves.
• B)They create value for themselves at the expense of others.
• C)They have little or no impact on other people in the society.
• D)They produce a ripple effect that enriches everyone around them.

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Definitions:

Tax

Mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Good

A tangible item or service that can be bought, sold, or traded.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive.

Tax

A necessary economic duty or another sort of imposition exacted from a taxpayer by a governmental agency to allocate funds for government activities and multiple public financial needs.