A ________ Economy Is One in Which Resources Are Primarily

question 90

Multiple Choice

A ________ economy is one in which resources are primarily owned and controlled by the private sector.

• A) free market
• B) planned
• C) command
• D) democratic

Comprehend the impact of gender roles and expectations on individual status and behavior in different cultures.

Identify and explore the concept of prejudice and its consequences in society.

Understand the significance of open organizational cultures in managing diversity effectively.

Recognize the importance of diversity programs and strategies for successful organizational management.

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Definitions:

Entrepreneurship Stage

Describes a phase in the lifecycle of a new business venture, ranging from the idea conception to establishing the business and its eventual growth or closure.

Small Business Management

The ongoing process of owning and operating an established business.

Triggering Event

A specific occurrence that causes a process to start, or significantly impacts the course of an ongoing situation.

Product Opportunities

Potential areas or ideas within a market where a new product could be developed to meet a consumer need or demand.