Bob Uses the Creation Element of Entrepreneurism

question 32

Multiple Choice

Bob uses the creation element of entrepreneurism.Which of the following scenarios defines Bob?

• A)Bob likes to plan and execute small actions of a project.He starts with the resources available and likes to experiment.
• B)Bob is competitive and likes to optimize his expected returns in all situations.
• C)Bob is a linear thinker and likes to experiment along this line and he is competitive.
• D)Bob is an experimenter and is very competitive and embraces the unknown.

---

Definitions:

Market Quantity

The total amount of goods or services that are available for sale in a particular market at a given time.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as the market-clearing price.

Cotton T-shirts

Garments made from cotton fabric, typically characterized by short sleeves and a round neckline.

Tobacco

A product prepared from the leaves of the tobacco plant by curing them, commonly used for smoking, chewing, or snuff.