Mary Uses the Prediction Element of Entrepreneurism

question 28

Multiple Choice

Mary uses the prediction element of entrepreneurism.Which of the following scenarios defines Mary?

• A)Mary likes to plan and execute small actions of a project.She starts with the resources available and likes to experiment.
• B)Mary is competitive and likes to optimize her expected returns in all situations.
• C)Mary is a linear thinker and likes to experiment along this line and she is competitive.
• D)Mary is an experimenter and likes to collaborate.She expects an acceptable loss in the projects she takes on.

---

Definitions:

Marketplace

An open environment for buying and selling goods, services, or ideas, either physically or online.

Ethical Stand

Represents a person's or organization's positioning on moral principles or issues, guiding their behavior and decisions.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Strategic Planning

A systematic process of envisioning a desired future and translating this vision into broadly defined goals and a sequence of steps to achieve them.