Which of the Following Statements Is True of Necessity Entrepreneurship

question 10

Multiple Choice

Which of the following statements is true of necessity entrepreneurship in high-income countries?

• A)The rate of necessity entrepreneurship is low.
• B)The risks of necessity entrepreneurship are low.
• C)Necessity entrepreneurship is a major source of income.
• D)Necessity entrepreneurship is nonexistent.

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Definitions:

Sampling Error

The difference between a sample statistic used to estimate a population parameter and the actual but unknown value of the parameter.

Sample

A subset of elements chosen from a larger set (population), typically used to infer properties about the population.

Population

The entire group of individuals or instances about whom the study is concerned or from which the data is drawn.

Self-Selected Sample

A sample whose participants have chosen to be in the study, which may not be representative of the larger population and can introduce bias.