Which of the Following Is an Advantage of Starting a Business

question 85

Multiple Choice

Which of the following is an advantage of starting a business from scratch?

• A) The entrepreneur can easily estimate product sales.
• B) The entrepreneur is free to choose inventories and locations.
• C) Potential buyers have a clear idea of what products to expect from the venture.
• D) The risks involved are lesser.
• E) The entrepreneur is relieved of the task of identifying markets.

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Definitions:

Standard Normal Distribution

A probability distribution that has a mean of zero and a standard deviation of one, also represented by the standard normal curve.

Z-score

A measure that describes a value's relationship to the mean of a group of values, represented in units of standard deviation.

Third Quartile

The value that divides the top 25% of a data set from the bottom 75%, often used as a measure of data spread.

Quartile

A type of quantile which divides the range of a probability distribution into four intervals of equal probability, used in describing the spread of a dataset.