Part-Time Entrepreneurship Has an Additional Advantage Over Starting Up a Company

question 30

Multiple Choice

Part-time entrepreneurship has an additional advantage over starting up a company full-time in that:

• A)it is a much lower risk for the entrepreneur.
• B)it doesn't require a business plan.
• C)the entrepreneur can change products and markets more easily.
• D)the entrepreneur doesn't need to know the industry as well.

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Definitions:

Approach-Avoidance Conflict

A psychological conflict that occurs when a goal or situation has both positive and negative aspects, making the individual want to approach and avoid it at the same time.

Multiple Approach-Avoidance

Multiple approach-avoidance involves conflict situations where an individual faces several options, each with both appealing and adverse aspects.

General Adaptation Syndrome

A model that describes the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Adrenaline

A hormone and neurotransmitter involved in the fight-or-flight response, increasing heart rate, muscle strength, blood pressure, and sugar metabolism.