Melina and Carl Want to Start an Event Management Company

question 94

Multiple Choice

Melina and Carl want to start an event management company that would provide local artists with a platform to showcase their talent and gain an audience. Melina and Carl are willing to invest their own resources in this project. In the context of factors of production, the given scenario exemplifies the concept of _____.

• A) deployment
• B) entrepreneurship
• C) situational analysis
• D) capital creation

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Definitions:

Long-term Development

A strategic approach focusing on achieving sustained growth and progression over an extended period, considering future implications of current decisions.

Rigid Structure

An organizational framework characterized by strict rules, procedures, and hierarchies that leave little flexibility for employees or adaptation.

Downward Communication

Information flow from higher levels of a hierarchy to lower levels, typically from management to employees.

Cable Network Television

Cable network television is a system of delivering television programming through coaxial or fiber-optic cables, as opposed to traditional broadcast methods.