Rahul, an Immigrant from the Middle East, Wants to Start

question 50

Multiple Choice

Rahul, an immigrant from the Middle East, wants to start a spice business in the United States but wants a secure framework with experts in property rights, accounting, law, investment banking, and technology.Of the conditions that need to be put in place for the Entrepreneurial Ecosystem, he needs ______.

• A)cultural and social norms
• B)physical infrastructure
• C)entry regulation
• D)commercial and legal infrastructure

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Definitions:

Authority

A recognized power or right, often referring to the ability to make decisions and enforce obedience.

Resource Allocation

The process of distributing available resources among various projects, tasks, or investments in an efficient manner.

Task Conflicts

Disagreements among individuals about the content and outcomes of the task being performed.

Nature

The inherent characteristics or basic essence of an individual or thing, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth.