Four Aspects of Part-Time Entrepreneurship Are Very Different from Full-Time

question 92

Multiple Choice

Four aspects of part-time entrepreneurship are very different from full-time business.Gaining legitimacy and trust among customers is one.Which of the following is not one of the other three aspects?

• A) Determining what you are able to delegate.
• B) Finding the suppliers most suited to your particular needs.
• C) The challenge you face when moving from part-time to full-time entrepreneurship.
• D) The special ethical challenge that comes from juggling part-time entrepreneurship and other work.

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Definitions:

Marginal Revenue

The incremental gain in revenue achieved by a company for selling an additional unit of product or service.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service, a critical concept for economic analysis and decision-making.

Total Revenue

The total amount of money received by a company from the sale of its goods or services before any expenses are subtracted.

Total Variable Cost

The total expense that changes in proportion to changes in the volume of output or production.