A. An existing internet provider provides competition to two other providers in Dayton Ohlio
B. The production and marketing of the Model T Ford in the 19-teens
C. The invention of the Stanley steamer
D. An American buying a stock in the Philippines stock market
Entrepreneurship, Organization, And Innovation
Joseph Schumpeter is the exceptional economist who links the entrepreneur to ?
A. oligopolistic capitalism
B. resource management
C. innovation
D. land and labor
Monopoly advantage is usually the result of greater opportunities such as ?
I- access to more economic information than competitors
II- superior access to training and education
III- a lower discount of future earnings
IV- larger firm size
A. I and II only
B. II and III only
C. I, II and III only
D. I, II, III, and IV
The entrepreneur can be viewed as the ?
I- coordinator of other production resources
II- decision maker under uncertainty
III- innovator
IV- gap filler and input completer
1. I and II only
2. II and III only
3. I, II and only
4. I, II, III and IV
According to Weber’s thesis ?
A. Protestants disapproved of accumulating wealth
B. Protestants failed to restrict extravagance and conspicuous consumption
C. Roman Catholicism expressed its asceticism in a secular vocation
D. capitalism was most advanced in Protestant countries
Which of the following was a socialist country ?
I- Holland
II- Soviet Union
III- China
IV- India
A. I and II only
B. II and III only
C. III and IV only
D. I and IV only
Technical advance involves ?
A. the development of pure science, invention innovation financing the innovation and the innovation’s acceptance
B. introducing new products modifying production functions creating credit and making profits
C. innovation investment credit creation and economies growth
D. patent management resource gains mature innovation and speculative gains