Most Entrepreneurs Do Not Have Enough Money of Their Own

question 323

Multiple Choice

Most entrepreneurs do not have enough money of their own to start their businesses. When they acquire the necessary funds from someone else,

• A)their consumption expenditures are being financed by someone else's saving.
• B)their consumption expenditures are being financed by someone else's investment.
• C)their investments are being financed by someone else's saving.
• D)their saving is being financed by someone else's investment.

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Definitions:

Wage Labor

A socioeconomic relationship between a worker and an employer, where the worker sells their labor under a formal or informal employment contract, and is paid a regular wage or salary.

Andrew Carnegie

A 19th-century industrialist and philanthropist who led the expansion of the American steel industry and is often considered one of the richest people in history.

Violent Showdown

A critical and aggressive confrontation, often resulting in conflict or battle.

US Steel

An American integrated steel producer, founded in 1901 by J.P. Morgan, Andrew Carnegie, and others, becoming the world's first billion-dollar corporation and a symbol of industrial growth.