An Individual Who Establishes a New Organization Without the Benefit

question 17

Multiple Choice

An individual who establishes a new organization without the benefit of corporate sponsorship is called a(n)

• A)intrapreneur.
• B)entrepreneur.
• C)sole proprietor.
• D)franchisee.
• E)licensee.

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Definitions:

Savings Rate

The proportion of income that is saved rather than spent on goods and services.

Trade Deficit

Occurs when a country's imports exceed its exports during a given time period, leading to an outflow of domestic currency to foreign markets.

Underwood Tariff

An early 20th-century legislative act that substantially reduced tariffs in the United States, aimed at lowering consumer costs and promoting free trade.

Republican Administrations

Refers to periods of governance in the United States when the executive branch is controlled by the Republican Party, typically characterized by certain fiscal, social, and foreign policies.