Which of the Following Statements Is True of Entrepreneurs

question 22

Multiple Choice

Which of the following statements is true of entrepreneurs?

• A) They avoid risk and pursue only safe business options.
• B) They have inborn qualities that help them succeed in new ventures.
• C) They use the talent gained from experience as the foundation for success.
• D) They start with huge amounts of money and proceed to multiply it.

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Definitions:

Supply-side

An economic theory that emphasizes the role of supply in fostering economic growth by reducing taxes and decreasing regulation, with the intent of increasing production.

Monetarism

A school of economics that places paramount importance on money as the key determinant of the level of prices, income, and employment.

Velocity of Circulation

The rate at which money is exchanged in an economy, often used to represent the activity level in the financial system.

Expected Profit Rate

The anticipated return on an investment, taking into account both the probability of gains and the risk of losses.