To an Economist,it Is Conceivable That the Objective That Motivates

question 167

Multiple Choice

To an economist,it is conceivable that the objective that motivates an individual entrepreneur to start a business arises from

• A)an innate love for the type of business that he or she starts.
• B)a desire to earn a profit.
• C)an altruistic desire to provide the world with a good product.
• D)All of the above are correct.

---

Definitions:

Common-Law Negligence

Refers to the failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to unintended harm to others.

Legal Duty

Refers to an obligation imposed by law upon an individual to act or refrain from acting in a certain manner.

Proximately Caused

A legal principle that limits the damages a plaintiff can recover to those which are directly related to the defendant's actions.

Proximate Cause

A legal concept that links a defendant’s conduct with the plaintiff's injury or damage, establishing liability based on the foreseeability of the harm.