Which of the Following Is True of Entrepreneurship

question 178

Multiple Choice

Which of the following is true of entrepreneurship?

• A) Entrepreneurial discovery is an important source of economic growth and higher living standards.
• B) The role of the entrepreneur is not very important and that is why it is generally not included in economic models.
• C) The role of entrepreneurial discovery could be easily integrated into economic models, but nonetheless economists choose not to do so.
• D) Economic models are able to capture fully the important role of the entrepreneur in the market process.

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Definitions:

Two-Step Flow Theory

Explains that media can also influence early adopters of new ideas (called “opinion leaders”) who filter the content through their own interpretations and then pass it on to influence certain groups of publics.

Early Adopters

describes individuals or businesses who use or adopt new products, services, or technologies before the majority of the population, often influencing trends and market acceptance.

Content Analysis

A research method used to identify the presence of certain words, themes, or concepts within qualitative data sets, such as texts, images, or media.

Social Media Platforms

Online networks where users create, share, and exchange information and ideas in virtual communities.