A For-Profit Enterprise with the Dual Goals of Achieving Profitability

question 35

Multiple Choice

A for-profit enterprise with the dual goals of achieving profitability and attaining beneficial returns for society is called ________.

• A) venture capitalism
• B) serial entrepreneurship
• C) social entrepreneurship
• D) portfolio entrepreneurship

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Definitions:

Scarce Resources

Refers to the limited availability of resources that are used for the production of goods and services, necessitating choices about their allocation.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing an action.

Tuition

The fee for instruction at a school, university, or college.

Room And Board

The combined cost of housing (room) and food/meals (board) typically for students living on a college campus.