The Idea That the Future Is Unpredictable Yet Controllable and Entrepreneurs

question 50

Multiple Choice

The idea that the future is unpredictable yet controllable and entrepreneurs can effect the future is ______.

• A)creation view
• B)predictive approach
• C)theory of effectuation
• D)a normal thought in entrepreneurism

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Definitions:

Goldilocks Test

A metaphorical term used to describe a condition, situation, or decision that is 'just right', balancing all considerations optimally; derived from the Goldilocks and the Three Bears fairy tale.

Aristotle

An ancient Greek philosopher and scientist, one of the most important founding figures in Western philosophy, known for his comprehensive work that covered many subjects including metaphysics, ethics, logic, and biology.

Psychological Egoism

The theory that all human actions are motivated by self-interest, suggesting that altruistic acts are ultimately done for one's own benefit.

Utilitarianism

An ethical theory that posits the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number of people.