Which of the Following Is the Most Likely Reason Why

question 21

Multiple Choice

Which of the following is the most likely reason why immigrants in developing countries become entrepreneurs?

• A)They usually hold government positions.
• B)They are more intelligent than the domestic population.
• C)They are risk-averse.
• D)They have skills and experience that are lacking in poor nations.
• E)They quickly assimilate to their new environment.

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Definitions:

Factory Foreman

Refers to a person who supervises workers in a factory, ensuring that work is done efficiently, safely, and up to quality standards.

Overconfidence

A cognitive bias characterized by an individual's overestimation of their knowledge, ability, or control over situations.

Decision-making Strategies

Approaches or plans developed to select the best among alternatives based on specific criteria, aimed at achieving the most favorable outcome.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when considering a specific topic or decision.