Which of the Following Is NOT One of the Important

question 103

Multiple Choice

Which of the following is NOT one of the important themes indicated in the definition of 'entrepreneurship'?

• A)the pursuit of opportunities
• B)innovation
• C)the potential for failure
• D)growth
• E)revolutionising

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Definitions:

Horizontal Equity

The principle that individuals with similar income or resources should be treated equally by the tax system.

Incentives

Refers to stimuli, rewards, or payments that motivate individuals or entities to perform certain actions or behaviors.

Proportional Tax

A tax system where the rate remains constant regardless of the amount to which the tax base is applied.

Progressive Tax

A taxation system where the tax rate increases as the taxable amount or income increases, placing a higher burden on wealthier individuals.