An Entrepreneur Is

question 38

Multiple Choice

An entrepreneur is:

• A) an employee in a factory.
• B) the manager of a factory.
• C) the person who conceives and starts a business.
• D) the person who contracts to work for a specific price.
• E) the person who does not assume any risk in business.

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Definitions:

Rate of Inflation

The measurement of how rapidly the general price level of goods and services escalates, which in turn, reduces the purchasing strength.

Unemployment Rate

The ratio of individuals in the labor force who are without a job and actively seeking employment.

Labor Force

The total number of people employed or actively seeking employment in a country or specific area.

Unemployed

Individuals who are capable of working and willing to work but cannot find employment.