Scenario C

question 41

Multiple Choice

Scenario C. Use the information given below to answer the questions below the paragraph.
Three entrepreneurs describe their ventures in the following manner:
Raymond: "I have invested very little money but I am the first to launch the product in the market."
Sharon: "I have invested very little money in my business for a product with many similar competitors already in the market."
Kevin: "I have spent an incredible amount of money getting my business going in an industry with many well-established competitors."
-According to the entrepreneurial strategy matrix, Sharon's venture can be described as:

• A) low innovation/no risk.
• B) low innovation/low risk.
• C) high innovation/low risk.
• D) high innovation/high risk.
• E) high innovation/no risk.

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Definitions:

M2

M2 is a broader classification of money supply that accounts for currency in circulation and various other types of accounts that are less liquid than those in M1.

M1

Refers to the physical money supply that includes coins and notes in circulation as well as non-bank public holdings of checkable deposits.

M2

Includes all elements of M1 along with near money, such as savings deposits, time deposits under $100,000, and non-institutional money market funds.

M1

This term identifies the core components of the money supply, focusing primarily on currency and liquid assets held by the public.