which of the following explains why individuals accept the risks of business ownership? course hero

What must people adjust to costs and risks that are part of?

180. Which of the following explains why individuals accept the risks of business ownership? A. The potential for learning how to be self-disciplined B. The sense of self-satisfaction and independence C. The challenge of seeking power D. The desire to work fewer hours

Should Jennifer take the risk necessary to develop a small business?

Oct 23, 2015 · Which of the following explains why individuals accept the risks of business ownership? A. The potential for learning how to be self-disciplined B. The sense of self-satisfaction and independence C. The challenge of seeking …

What do entrepreneurs learn about legal and financial issues?

175.Which of the following explains why individuals accept the risks of business ownership? A. The potential for learning how to be self-disciplined B. The sense of self-satisfaction and independence C. The challenge of seeking power D. The desire to work fewer hours

How should Carrie learn about running a business?

(p. 148) Which of the following explains why individuals accept the risks of business ownership? A. The potential for learning how to be self-disciplined B. The sense of self-satisfaction and independence C. The challenge of seeking power D. The desire to work fewer hours

What is enterprise zone?

Enterprise zones are specific geographic areas that: A. the government has set aside for major corporations that promise to spend at least $10 million to create new jobs. B. attract business investment by offering lower taxes and government support for development.

What does "n" mean in entrepreneurship?

Term#N#(p. 146) Entrepreneurship is:#N#A. managing businesses for others.#N#B. a controlling interest in the ownership of a corporation.#N#C. managing businesses that operate in multiple countries.#N#D. accepting the risk of starting and running a business.

What is market economy?

Market economy - system in which economic activity is driven by supply, demand, and the price system. Capitalism - economic system in which privet citizens own and use resources to make a profit. Privatization - conversion of state-owned property to individual ownership. Five-Year plan - comprehensive, centralizes economic strategy ...

What is capital investment?

Capital-investment - requiring large amounts of investment in equipment in relation to labor. Population density - number of people per square mile of land area. European Union - successor of the European Coal and Steel Community, established in 1993.

What is traditional economy?

Traditional economy - system in which economic activity is the result of ritual, habitat, or custom. Economic system - efficient way of allocating resources and producing and distributing goods and services in a society. Command economy - economic system in which a central authority makes the major economic decisions.

What is communism in economics?

Communism - economic and political system in which factors of production are owned and directed by the state. Voucher - certificate used to purchase government-owned property during privatization. Collectivization - forced common ownership of factors or production. Capital-investment - requiring large amounts of investment in equipment in relation ...

What is the difference between a mixed economy and a socialist economy?

Socialism - system in which government owns and controls some factors of production. Market - mechanism through which buyers and sellers of an economic product or service come together. Mixed economy - system that has some combination of traditional, command, and market economies.