Unemployment Is A

question 18

Multiple Choice

Unemployment is a:

• A) leading indicator, because the business cycle follows it.
• B) lagging indicator, because the business cycle follows it.
• C) leading indicator, because it follows the business cycle.
• D) lagging indicator, because it follows the business cycle.

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Definitions:

Profit Orientation

A business approach focused on maximizing financial gains.

Social Enterprising

Business activities that are primarily focused on meeting social objectives, where profits are often reinvested into social causes.

Timmons Model

A model of entrepreneurship that emphasizes the dynamic balance between the entrepreneur, the opportunity, and the resources needed.

Entrepreneurial Process

The journey of identifying a business opportunity, resources acquisition, and the management of growing the business venture.