Your entrepreneurial venture is a success after three years. However, you do not own even 1 percent of the company you created. How did you most likely finance the company?
A) with money borrowed from friends and relatives
B) with money borrowed from a bank
C) with money borrowed from an angel investor
D) with a venture capitalist firm
Answer: D
Business
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Which of the following is characteristic of a command allocation system?
A) The government's role is to ensure the protection of consumer rights. B) Product distribution is handled by a large number of intermediaries. C) The state makes decisions on what consumers should purchase. D) Consumers allocate resources to the system.
Business
Economic freedom does not necessarily equate with political freedom
Indicate whether the statement is true or false.
Business