What Is the Role of an Entrepreneur

question 16

Multiple Choice

What is the role of an entrepreneur?  

• A) to always make a profit 
• B) to generally avoid risky situations 
• C) to claim the residual (i.e., whatever is left over) after other resource suppliers are compensated 
• D) to be a parasite that benefits by NOT paying other resources for their services

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Definitions:

Latency Stage

A phase in Freud's psychosexual development theory occurring between the ages of six and puberty, where there is a reduction in sexual urges and interests.

Phallic Stage

A phase in Freudian psychosexual development, occurring from ages three to six, where the libido’s focus is on the genital area.

Oedipus Complex

A psychoanalytic theory proposed by Freud, which posits that during the phallic stage of development, a child experiences a desire for the opposite-sex parent and hostility towards the same-sex parent.

Phallic Stage

A phase in Freudian psychosexual development, occurring roughly between the ages of three and six, where the libido is centered on the genital area.