The Form of Entrepreneurship in Which a Person or Group

question 81

Multiple Choice

The form of entrepreneurship in which a person or group own their own for-profit business is referred to as:

• A) independent entrepreneurship.
• B) social entrepreneurship.
• C) public entrepreneurship.
• D) corporate entrepreneurship.

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Definitions:

Piece-rate System

A compensation method in which employees are paid based on the quantity of work they complete, rather than the hours worked.

Product Manufacturing

The process of converting raw materials or components into finished goods that meet a company's specifications and can be offered to the market.

Fiberglass Pipes

Tubular products made from fiberglass, a strong and lightweight material, used in various applications such as plumbing, industrial processes, and infrastructure.

Employee Stock Ownership Plan

A program that gives employees ownership interest in the company through the acquisition of its stocks, often used as a corporate finance strategy.