Which of the Following Terms Would Be Used to Identify

question 42

Multiple Choice

Which of the following terms would be used to identify the person who takes the risk of starting and managing a business to make a profit?

• A) entrepreneur
• B) franchiser
• C) venture capitalist
• D) capitalistic adventurer

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Conventional

Consisting with or based on norms, standards, or practices that are widely accepted and established.

Social Responsibility

The ethical framework suggesting that individuals or organizations should act in a way that benefits society at large.

Invisible Hand

A term coined by Adam Smith to describe the self-regulating behavior of the marketplace.