Generally Speaking, _______ Individualism and _________ Uncertainty Avoidance Encourage Entrepreneurial

question 24

Multiple Choice

Generally speaking, _______ individualism and _________ uncertainty avoidance encourage entrepreneurial activity, especially when opportunity based.

• A) low, low
• B) high, low
• C) high, high
• D) low, high

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Definitions:

Systematic Mistakes

Errors that consistently occur due to inherent flaws in logic, procedure, or bias.

Paycheck

A paper document or electronic transfer issued by an employer to pay an employee for services rendered.

Inertia

A tendency to do nothing or to remain unchanged, often used metaphorically to describe economic or financial systems' resistance to change.

Economic Models

Simplified representations of complex economic processes used to predict and analyze economic behaviors and outcomes.