INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ellen wants to step back from the day-to-day activities of running her company. She decides to take the company to another level by selling public stock. One way Ellen can stay involved in the company is by
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Arranging a tactical acquisition
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Appointing a family member as president
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Serving on the board of directors
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Hiring her successor
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Explanation:
Detailed explanation-1: -An entrepreneur is “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.”
Detailed explanation-2: -Need to achieve. The need to achieve refers to the desire to be successful in order to attain a certain goal. This motivation is often based on the individual’s sense of self-worth and competence. Individuals with a high need to achieve often seek out situations in which they can excel and be successful.
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