Sam Likes to Think Outside of the Box

question 23

Multiple Choice

Sam likes to think outside of the box.He has several ideas that he is developing into his new startup.Part of his philosophy is to create the world he wants to live in and this involves creating his markets and his opportunities.Sam is ______.

• A)delusional
• B)socialistic
• C)an effectual entrepreneur
• D)an effective entrepreneur

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Definitions:

Unit Increase

A single increment or step up in quantity, size, or number in a given context.

Holding Constant

A method in analysis where certain variables are kept unchanged to isolate the effect of other variables.

Second-order Model

A statistical or mathematical model that includes not only the main effects but also their interactions and quadratic terms, enabling the capture of curvature in the data relationships.

First-order Model

A model in statistical analysis where the current value of a variable is primarily based on its immediate previous value, often used in time series analysis.