All of the Following Statements Are True About Entrepreneurship Except

question 174

Multiple Choice

All of the following statements are true about entrepreneurship except:

• A)The entrepreneur assembles the other needed resources.
• B)The entrepreneur risks her or his own money.
• C)The entrepreneur reaps the profits or suffers the losses of the enterprise he or she creates.
• D)The term entrepreneur is synonymous with the term inventor.

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Definitions:

APC

The average propensity to consume, which is the ratio of consumption spending to disposable income.

Dissaving

Occurs when individuals withdraw funds from their savings, often due to expenditures exceeding income during a specific period.

Autonomous Consumption

The level of consumption that occurs when income is zero; it is the base level of spending that must occur even if an individual has no income.

Total Consumption

The aggregate amount of goods and services consumed by individuals or entities within a particular economy.