This Question Has Two Parts; Be Sure to Answer Both

question 34

Essay

This question has two parts; be sure to answer both. First, list the nine characteristics that researchers find most important to successful entrepreneurs, providing a brief description of each. Then perform a self-analysis in which you rate yourself on each characteristic in terms of a business that you might like to start. (If you cannot think of a business idea, choose from one of the following: a landscaping service, a food delivery service, an elder care service-all of these options are open to you as a college student.) To save time, you may place your self-assessment immediately after your summary of each characteristic.

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Definitions:

Exchange Rate

The value of one currency for the purpose of conversion to another, affecting international trade, investments, and economic relations between countries.

British Pounds

The currency of the United Kingdom, symbolized by £, and one of the major currencies traded worldwide.

Fixed Exchange Rates

An exchange rate regime where a country's currency value is tied to another currency, a basket of currencies, or another measure of value, such as gold, and does not fluctuate in the foreign exchange market.

Balance of Trade

The difference in value between a country's exports and imports over a certain period.