Which of the Following Scenarios Would Be Characteristic of an Entrepreneur

question 63

Multiple Choice

Which of the following scenarios would be characteristic of an entrepreneur?

• A) Rachel implemented a new and more efficient way to produce pottery.
• B) Mary imitated a new, more efficient method of producing pottery.
• C) Alissa scaled back the production of pottery because it wasn't cost effective.
• D) Ursula used a proven marketing method to advertise her pottery.

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Definitions:

Active Approach

A policy or management style that involves regular, dynamic decision-making and interventions to achieve specific goals, in contrast to a passive, hands-off approach.

Discretionary Policy

Discretionary Policy involves the deliberate use of monetary or fiscal policy changes by government policymakers to address economic issues.

Monetary Policy

Actions undertaken by a central bank to control the supply of money and interest rates in its economy.

Fiscal Policy

Government policies related to taxation and government spending to influence the economy.