Which of the Following Is a Key Characteristic Associated with Entrepreneurship

question 17

Multiple Choice

Which of the following is a key characteristic associated with entrepreneurship?

• A) Low self-confidence
• B) High need for achievement
• C) Risk averse
• D) External locus of control

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Definitions:

Price

The sum of money anticipated, needed, or handed over in exchange for something.

Consumer Surplus I

The gap between what consumers are prepared and able to spend on a product or service and what they end up paying.

Price

The amount of money required to purchase a good or service.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than other producers.