Entrepreneur Is Defined as "One Who Undertakes a Project; a Manufacturer;

question 76

Multiple Choice

Entrepreneur is defined as "One who undertakes a project; a manufacturer; a master builder" and

• A)dates back to 1780 in colonial America
• B)is credited to Steven Jobs
• C)is credited to the .com era
• D)is credited to common French usage (1600)

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Definitions:

Economies of Scale

The economic benefits companies achieve through expanding their scale of activity, as the cost for every unit of output falls with the growth in scale.

Income

The financial earnings received by an individual or entity, typically measured over a certain period of time.

Utility-Maximizing

A principle in economics wherein individuals or entities make choices that result in the highest level of satisfaction.

R&D Expenditures

Money spent on research and development activities to innovate and improve products or processes.