Entrepreneurs Are Willing to Take Risks Because

question 27

Multiple Choice

Entrepreneurs are willing to take risks because

• A) technology provides a way to sidestep the patent and copyright system.
• B) the patent and copyright system provides an exclusive right to sell the product for a period of time.
• C) the patent and copyright system guarantees a certain level of profit.
• D) technology always increases costs and prevents competitors from entering the market.
• E) the patent and copyright system guarantees that the risks taken will be rewarded.

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Definitions:

Union Members

Individuals who belong to a labor union, an organized association of workers formed to protect and further their rights and interests.

Visible Minorities

Refers to groups of people who are not of the dominant race in a given society and who are recognizable by their distinct physical characteristics.

Older Workers

Individuals in the workforce who are near or beyond the traditional age of retirement, often considered to bring valuable experience and stability.

Young Workers

Individuals entering the workforce who are typically considered to have less experience and are often in their late teens to early twenties.