The Entrepreneurial Attributes of Persistence and Determination,which Are So Beneficial

question 92

Multiple Choice

The entrepreneurial attributes of persistence and determination,which are so beneficial when the new venture is on the "right course," 

• A) can make the entrepreneur more suitable to work in volatile markets.
• B) can hasten the process of adapting to sudden changes.
• C) can aid the entrepreneur in recognizing, and implementing changes.
• D) can inhibit the ability of the entrepreneur to detect, and implement, change.

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Definitions:

Free Time

Periods when an individual is not engaged in work and can choose leisure or other personal activities.

Laspeyres Price Index

A measure of price inflation or deflation for a specified set of goods and services, using the quantities of the base year as weights.

Ideal Cost-Of-Living Index

Cost of attaining a given level of utility at current prices relative to the cost of attaining the same utility at base-year prices.

Paasche Index

An economic measure that calculates the change in the cost of purchasing a specified basket of goods and services in a given year compared to a base year, using current-period weighting.