What Is True of the Majority of America's Self-Made Entrepreneurs

question 35

Multiple Choice

What is true of the majority of America's self-made entrepreneurs?

• A) They accumulated their wealth through luck.
• B) They are invisible to most Americans.
• C) They fit the media stereotype.
• D) They prefer social status to financial independence.

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Definitions:

Activity-Based Management

A management approach focusing on identifying and evaluating activities that a business performs, to improve decision making and operational efficiency.

Objectivity

The practice of basing decisions, judgments, or analysis on facts and evidence, free from personal bias or emotions.

Target Cost

The desired cost of a product derived from subtracting the desired profit margin from the competitive market price.

Profit Requirement

The minimum level of earnings necessary for a business to sustain its operations or fulfill its financial goals.