Jeff Likes to Set His Own Goals,which Have an Intermediate

question 123

Multiple Choice

Jeff likes to set his own goals,which have an intermediate level of difficulty.Which of the entrepreneurial characteristics does he probably possess?

• A) A high need for achievement
• B) A high need for power
• C) An external locus of control
• D) An inability to deal with uncertainty
• E) Intolerance of ambiguity

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Definitions:

Fish Fillet

A piece of fish that has been cut or sliced away from the bone, often prepared as a food item.

Excludable

A property of a good or service whereby it is possible to prevent people from using it if they have not paid for it or met specific conditions.

Club Good

A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not diminish availability for others.

Cost-Benefit Analysts

Professionals who assess the economic pros and cons of different projects or decisions to determine their financial viability.