Research Suggests That _________ Is Needed to Encourage Entrepreneurial Behavior

question 4

Multiple Choice

Research suggests that _________ is needed to encourage entrepreneurial behavior.

• A) individualism rather than collectivism
• B) a balance between individualism and cooperative behavior
• C) collectivism rather than individualism
• D) limited autonomy and incentives

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Definitions:

Royalties

Payments made to the owners of intellectual property, such as authors and inventors, for the use of their work.

Franchising

A business model that allows individuals or entities to operate a branch of an established company with its brand and business strategy.

U.S. Businesses

Companies or enterprises that are located within the United States of America and are subject to its regulations and economic policies.

Franchise

A franchise is a type of business whereby a franchisee is given the license by a franchisor to operate under the brand's name and system.