When Entrepreneurs Believe That They Are Responsible for What Happens

question 30

Multiple Choice

When entrepreneurs believe that they are responsible for what happens to them and that their own actions determine important outcomes such as the success or failure of a new business, they are likely to have ________.

• A) an external locus of control
• B) less openness to experience
• C) moderate need for achievement
• D) an internal locus of control

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Definitions:

Inkjet Printer Industry

The Inkjet Printer Industry encompasses companies and technologies involved in the production and sale of printers that deposit ink onto paper via small jets.

Normal Rate Of Return

The standard profit that capital owners can expect to make in a safe investment, typically considered the risk-free rate of return.

Competition

The competition between sellers aiming to enhance their profits, gain a larger share of the market, and boost their sales figures by adjusting different components of the marketing mix.

Expected Rate Of Return

The anticipated profit or loss from an investment, considering both the risk and the return.