Which of the following statement is correct about entrepreneurs? a. Entrepreneurs have more freedom. b. Entrepreneurs' income is certain c. Entrepreneur is a servant in the business d. Entrepreneurs have to avoid the risks
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- 4. Only people who have certain natural talents can be Entrepreneurs. 5.Entrepreneurs are extreme risk takers 6. Entrepreneurs seek success but experience high failure rates 7. Ignorance is bliss for Entrepreneurs 8. All Entrepreneurs need is luck 9. Money is what the Entrepreneurial venture need to survive 10. Entrepreneurs must fit the standard Entrepreneurial profileWhy are socio-economic factors such as consumer's income capacity, occupation, educational level, marginal utility, total utility, and country's economic growth are important in the business?How does entrepreneurship affects the economic well-being of many people and what is the task of entrepreneur? Explain
- Explain the given headings how they impact on the development of society? Printing Press. The Telephone. Steam Engine. Antibiotics.1. It regulates the engagement between the producer and the consumer. A. Chamber of commerce B. Local community C. Government 2. Economic development is measured by looking at A.Wealth of the community B.Quality of life C.Type of businesses present 3.It is regarded as the engine of the economy. * A.Entrepreneurship B.MSME's C.Education 4.The future belongs to those who can think like a; A. Positive person B.Scientist C.Entrepreneur 5.Which of the following is an entrepreneurial mindset? * A.Vulnerable Mind B.Resilient Mind C.Rigid Mind 6. is more interested in being unique. A.Independent Mind B.Risk Managing Mind C.Designing Mind 7.It is determined to achieve stretch goals. * A.Resilient Mind B.Independent Mind C.Goal oriented and effectuating mind 8. It has the propensity to take calculated risks. * A. A positive mind B.Risk managing mind C. Calculated risk mind 9.It…Which of the following word is not related to entrepreneurship? a. Innovation b. Creativity c. Needs and wants d. None of the options
- Why is entrepreneurship considered a factor of production?40. Which of the following are important determinants of one's productivity? a) The tools, with which one works – tools that are often made available by the employer. b) The ethical behavior of society, at least as it relates to commercial transactions. c) The economy's transportation and communication systems d) The skill level of one's co-workers. e) All the abovePlease no written by hand solution Assume a society consists of two economic? groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Consider two scenarios. Scenario? A: The rich have ?$60000 ?each, while the poor have ?$2000 each. Scenario? B: The rich have ?$7500 ?each, while the poor have ?$750 each. If you only care about average income and not about? equity, you would prefer ? a or b ?, which has an average income of ?$ ________. ?(Enter your response to the nearest dollar?.) Now suppose that you only care about equity or inequality. In this? case, you would prefer ? Scenario B or Scenario A ?, which has a? rich-to-poor ratio of ________. ?(Round your response to one decimal place?.) ?Finally, suppose you only care about living standards. In this? case, you would prefer ? Scenario B or Scenario A because it has lower poverty.
- What is the role of government in promoting entrepreneurship in the Philippines? Explain one program of the government for the development of MSMEs.The four factors of production that produce economic activity are ______. a. Corporations, small businesses, marketing and technology b. Interest rates, unemployment, taxes and growth c. Machines, buildings, money and capital d. Land, labor, capital and enterpriseDefine production and What are the factors of production and what are their reward payments?