All of the Following Are Reasons People Go into Business

question 201

Multiple Choice

All of the following are reasons people go into business except the

• A) desire to create a new business.
• B) willingness to accept a challenge.
• C) guaranteed return on investment.
• D) desire for independence.
• E) desire to determine one's own destiny.

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Definitions:

Imperfectly Monitored

A situation where there is insufficient oversight or observation, often leading to non-compliance or deviation from expected standards.

Tenure

The status of having a permanent position or employment, often used in the context of academic positions.

Moral Hazard Problem

A situation where one party is more likely to take risks because another party bears the consequences of those risks.

Job Performance

The level of effectiveness and efficiency with which an employee carries out their designated tasks and responsibilities in the workplace.