Many Have Shown How Entrepreneurs Are Dependent on Institutions

question 13

Multiple Choice

Many have shown how entrepreneurs are dependent on institutions. What do institutions signify in this context?

• A) the authorities and public organizations which impact entrepreneurship
• B) the rules of the game which society expresses in the form of systems of rewards, conventions, laws, traditions and values
• C) supporting organizations or institutions which assist entrepreneurs in the startup phase
• D) theories pertaining to entrepreneurship and business ownership

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Definitions:

Fourth Branch Of Government

An informal term for groups or agencies that influence or assist the three official branches of government (executive, legislative, judicial) but are not officially part of them, such as regulatory agencies.

Administrative Agencies

Government bodies responsible for implementing and administering specific legislation.

Society

A complex system of individuals and groups interacting under a shared environment, governed by culture and institutions.

Individual

Pertains to a single person distinguished from a group or society, focusing on unique characteristics and agency.