A Common Characteristic of Most Entrepreneurs Is That They

question 224

Multiple Choice

A common characteristic of most entrepreneurs is that they:

• A) accept the risks involved in starting and managing a business.
• B) have a high level of scientific and technical expertise.
• C) possess a great deal of personal wealth.
• D) have experience in running large, complex organizations.

---

Definitions:

Creditor

An individual, institution, or entity that lends money or extends credit, expecting to be repaid.

Lien

A claim against specific property to satisfy a debt.

Mortgage Insurance

Insurance that compensates a lender for losses due to a borrower’s default on a mortgage loan.

Debtor

An individual or organization that owes money to another party, typically as a result of being lent a sum of money or extended credit.