Since No One Can Be Sure That Profits Are Commonplace

question 18

Multiple Choice

Since no one can be sure that profits are commonplace, to earn above-normal profits an entrepreneur must:

• A) be eloquent.
• B) innovate.
• C) rely on government subsidies.
• D) know economics.

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Definitions:

Denial

A psychological defense mechanism where a person refuses to accept the reality of a factual or emotional truth.

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for noncompliance, often used to control or influence others' actions.

Compliance

The act of adhering to rules, standards, or laws.

Punishment

The imposition of a penalty as a consequence of an undesirable behavior, aimed at reducing or eliminating that behavior.