Pacific Fishing LLC Is a Startup That Is Working on a New

question 75

Multiple Choice

Pacific Fishing LLC is a startup that is working on a new technology for the fishing industry. Because the technology it's working on is highly proprietary, the company is located in the warehouse district of a large western city. Pacific's founder, Ray Sims, rarely gives interviews and is careful to not divulge much about what the company is doing. Which of the following common myths about entrepreneurs does the behavior of its founder, Ray Sims, dispel?

• A) Entrepreneurs are born, not made.
• B) Entrepreneurs are gamblers.
• C) Entrepreneurs are motivated primarily by money.
• D) Entrepreneurs should be young and energetic.
• E) Entrepreneurs love the spotlight.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, such as the mean, median, or mode.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the count of numbers.

Bimodal

A distribution with two different modes or peaks.

More Precise Scales

Measurement tools or systems with a higher level of accuracy, allowing for finer or more detailed differentiation between values.