The Decision to Behave Entrepreneurially Is the Result of the Interaction

question 21

Multiple Choice

The decision to behave entrepreneurially is the result of the interaction of several factors which include:

• A) The existence of a viable business idea
• B) The individual's personal characteristics
• C) The relevant business environment
• D) All of the above

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Definitions:

Effective Annual Rates

The interest rate on an investment or loan that is adjusted for compounding over a specified period.

Annual Percentage Rates

The yearly percentage charged for taking out a loan or gained from an investment, including all fees or extra expenses.

Quoted Rates

The publicly listed interest rates or prices for financial instruments or bank deposits.

Effective Annual Rate

The interest rate on an investment or loan, annualized for compounding over a given period more than once a year.