If a Business Is Not Making a Profit, the Entrepreneur

question 27

Multiple Choice

If a business is not making a profit, the entrepreneur knows that ________.

• A) no one wants to buy the product/service
• B) he/she is not making good use of scarce resources
• C) people are willing to buy the product/service at a high price
• D) competition is too great

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Definitions:

National Debt

The total amount of money that a country's government has borrowed by various means, including foreign governments and private investors.

Future Generations

The forthcoming populations that will live on Earth in the future, whose interests are considered in sustainable development and environmental conservation.

Debt Service

The cash required to cover the repayment of interest and principal on a debt for a particular period.

Biennial Budgets

Budgets that are planned and approved for a two-year period, often used by governments to manage finances and resources more efficiently.