CASE Scenario - Holly and Trent

question 20

Multiple Choice

CASE
Scenario - Holly and Trent
While many others dreamed about owning their own business, Holly Gabrel decided to do something about it. Holly knew that being self-employed required long hours and hard work, but with the help of her husband, Trent, Holly was positive that the hours and the work would be rewarded. First, she and Trent developed a new concept in sunglasses that could be used by athletes better than the sunglasses now on the market. Holly and Trent obtained a patent on their invention, and began production and marketing.
-With the entrepreneurial personality, Holly can be expected to have all of the following traits except:

• A) internal locus of control.
• B) tolerance for ambiguity.
• C) high need to achieve.
• D) high uncertainty avoidance.
• E) all of these.

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Definitions:

Social Regulation

Regulations that aim to correct behaviors and practices affecting public interests, such as environmental protection, health, and safety standards.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the options that provide the best approach to achieve benefits while preserving savings.

Reagan Administration

The executive period from 1981 to 1989 when Ronald Reagan served as the President of the United States, known for its conservative policies.

Annual Deposits

Regular sums of money placed into an account or investment over the course of a year.