An Expansion Is a Period in Which

question 21

Multiple Choice

An expansion is a period in which:

• A)output declines.
• B)the price level falls.
• C)output rises.
• D)unemployment rises.

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Definitions:

Feasibility Study

A planning tool that allows entrepreneurs to test the possibilities of an initial idea to see if it is worth pursuing.

Pitch Deck

A concise presentation used by entrepreneurs to provide investors with a quick overview of their business plan and vision.

Sketches

Preliminary drawings or outlines created to visualize ideas, concepts, or designs, commonly used in the planning phases of projects.

Assumptions

Premises or beliefs taken for granted as the basis for argument or action, often without proof.