An Opportunity Has Four Essential Qualities

question 73

Multiple Choice

An opportunity has four essential qualities:

• A) attractive, timely, durable, and anchored in a product, service, or business that creates or adds value for its buyer or end user
• B) practical, opportune, appropriate, and anchored in a product, service, or business that is efficient and effective
• C) realistic, striking, timely, and anchored in a product, service, or business that is timely
• D) attention-getting, attractive, timely, and anchored in a product, service, or business that creates or adds value for its buyer or end user
• E) attractive, durable, resilient, and opportune

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Definitions:

Leisure

Time available for ease, relaxation, and activities one chooses to engage in beyond compulsory activities like work or chores.

Consumption

The use of goods and services by households or individuals, constituting one of the primary components of economic activity.

Nonlabor Income

Income received from sources other than employment, such as investments, pensions, or gifts.

Wage Rate

The amount of money that an employee is paid per unit of time, such as an hour, often analyzed in labor economics.