Entrepreneurs

question 19

Multiple Choice

Entrepreneurs

• A)are driven by intense commitment and perseverance.
• B)are egomaniacs.
• C)loners who never fit in to typical firms.
• D)are never satisfied.

Distinguish between Internet search engines and online databases.

Understand the roles and types of questions in surveys and research.

Understand the importance of using a representative sample in surveys to ensure validity and reliability of data collected.

Identify the characteristics and limitations of closed and open-ended questions in data collection.

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Definitions:

Price Ceilings

Regulatory limits set on the price that can be charged for certain goods or services, intended to protect consumers from excessive rates.

Price Floors

A minimum price, set by law or agreement, below which a commodity cannot legally be sold, often used in agriculture to stabilize market prices.

Taxes

Compulsory financial charges imposed by a government on individuals, businesses, or transactions to fund public spending.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, engaged in professional, commercial, or industrial activities.