Scenario A

question 85

Multiple Choice

Scenario A. Use the information in the following paragraph to answer the following questions.
Your roommate comes in after class to tell you, with great excitement, that she has decided to become an entrepreneur. Her reasons are these: First, she is something of a gambler, so she believes entrepreneurship is a perfect match for her personality. Second, she is an admitted "control freak". She is confident that all it takes is a good idea and that money will surely follow. Finally, she made 650 on her SATs so her success, she feels, is a certainty.
-In the context of the given scenario, which of the following is true?

• A) She may not be successful if she starts an entrepreneurial venture based on myths.
• B) She will be successful because she accurately understands the role of entrepreneurs.
• C) She will never be successful.
• D) She will be successful because she is smart and talented.
• E) There is no way to assess her chances of success.

Define and distinguish between ethnocentrism and cultural relativism.

Understand the role of norms, values, and beliefs in shaping behaviors within societies.

Analyze the effects of androcentric language and attempts to reduce gender biases in language.

Describe the differences between high culture, popular culture, subcultures, and countercultures.

---

Definitions:

Multifactor CAPM

An extension of the Capital Asset Pricing Model (CAPM) that incorporates multiple factors in the assessment of risk and expected return of an asset, beyond just the market risk.

Hedge Portfolios

Investment strategies designed to reduce or mitigate risk in an investment portfolio by making counterbalancing investments, often involving derivatives.

Risk Factors

Elements or conditions that may potentially result in a negative impact on the performance or value of an investment.

APT

Stands for Arbitrage Pricing Theory, a financial model that determines asset prices based on the relationship between expected risk and expected return.