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The Process of Initiating a Business Venture, Gathering and Organizing

question 79

True/False

The process of initiating a business venture, gathering and organizing the appropriate resources, and assuming the associated risks and rewards refers to entrepreneurship.


Definitions:

Central Bank

A bank whose chief function is the control of the nation’s money supply.

Marc Levinson

An economist, historian, and author known for his work on globalization, economics, and the history of business and technology.

Laffer Curve

An economic theory proposing that there is an optimal tax rate that maximizes government revenue without discouraging productivity and investment.

Marginal Tax Rates

The rate of tax applied to the last dollar of income, which varies depending on income level and tax bracket.

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