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  • NAT Like Questions in ENTREPRENEURSHIP

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    Rovie Avenido Salindo
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    The document contains 3 multiple choice questions about entrepreneurship topics: 1) identifies the coordinating agent in a capitalist economy is the entrepreneur, 2) states an industrial park would be least likely to provide assistance in preparing a business plan, 3) explains that if consumers are not price sensitive to a 10% increase in mango jam price resulting from a 10% increase in mango costs, the demand for mangoes is inelastic.

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    The document contains 3 multiple choice questions about entrepreneurship topics: 1) identifies the coordinating agent in a capitalist economy is the entrepreneur, 2) states an industrial park would be least likely to provide assistance in preparing a business plan, 3) explains that if consumers are not price sensitive to a 10% increase in mango jam price resulting from a 10% increase in mango costs, the demand for mangoes is inelastic.

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    © All Rights Reserved
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    18 views1 page

    NAT Like Questions in ENTREPRENEURSHIP

    Uploaded by

    Rovie Avenido Salindo
    The document contains 3 multiple choice questions about entrepreneurship topics: 1) identifies the coordinating agent in a capitalist economy is the entrepreneur, 2) states an industrial park would be least likely to provide assistance in preparing a business plan, 3) explains that if consumers are not price sensitive to a 10% increase in mango jam price resulting from a 10% increase in mango costs, the demand for mangoes is inelastic.

    Copyright:

    © All Rights Reserved
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    NAT like questions in ENTREPRENEURSHIP

    1. Who acts as coordinating agent in a capitalist economy?


    a. Manager
    b. Finance officer
    c. Entrepreneur
    d. Broker
    2. Which group is least to provide assistance in preparing a business plan?
    a. An accounting firm
    b. An incubator organization
    c. An industrial park
    d. A marketing specialist
    3. If consumers are not price sensitive in purchasing product such as Island Gems Mango Jams,
    a 10% increase in the retail price of Mango jam because of a 10% increase in the cost of
    mangoes from farmers will not affect demand for jam. Thus, the derived demand indicates
    that the demand for mango is inelastic. Why?
    a. Because the supplier of mangoes stand to gain extra income.
    b. Because the consumer is willing to pay any price for the jam.
    c. Because the consumer buys the product every time he go to the store.
    d. Because the consumer did not noticed the price of the jam.

    Prepared by:
    ROVIE A. SALINDO
    Subject Teacher

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