Theodore and Janice Have Formed TJ Soft, an Entrepreneurial Venture

question 10

Multiple Choice

Theodore and Janice have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers.Theodore has just read an article that says that the low interest rates that currently prevail are likely to end in the coming months.Theodore thinks that TJ Soft may need to apply for a loan now to avoid high costs later.Which component of the external environment will affect TJ Soft the most in this situation?

• A)the global component
• B)the sociocultural component
• C)the economic component
• D)the technological component

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Definitions:

Traits of Anxiety

Characteristics or behaviors commonly associated with anxiety, including excessive worry, nervousness, restlessness, and physical symptoms like increased heart rate.

Impulsiveness

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Ego-resilient

Describes an individual's ability to adapt to stressors and return to a baseline state of functioning effectively after experiencing stress.

Adaptability Under Stress

The ability to adjust and cope with pressure or adversity, maintaining functionality and resilience.