In describing what \"Business Ethics can Learn from Entrepreneurship,\" which is

Question

In describing what "Business Ethics can Learn from Entrepreneurship," which is NOT a characteristic that Stephen Hicks states that the entrepreneur embodies? Perseverance through 'trial and error' Trade with 'win-win' results Drive and ambition Selflessness and charity Business competition is different from sports competition and war in that there can be many winners, not just one. business competition is constantly occurring and never stops. businesses aim to destroy their competitor or at least push him out of the market. both b and c. In the reading, "Philosophy, Who Needs It?" it is argued that because philosophy deals with fundamental questions of life and existence It is something we need not concern overselves with It underlies everything we do It is impersonal and best left to experts It is something that can interfere with our practical away of living According to Thomas Sowell, what happens in industries that experience high profits? Consumers suffer, as the profits could only have come from keeping prices on products high They soon see competitors enter the field which reduce amount of profits available Monopolies inevitably form as dog-eat-dog competition leads to the stronger buying out the weaker competitors Workers get exploited as those profits could only have come from suppressing or keeping wages down lower than normal.

Explanation / Answer

29.

Correct Answer:

D. selflessness and charity

Explanation:

It is the ambition that drives an entrepreneur to do something different of value addition in unique way. After a lot of perseverance and trial and error, idea is converted into the product of value. Now, entrepreneur sells the products to those customers who perceive the value and a win-win situation is created for both the parties. It is the way an entrepreneur works and establishes an enterprise. Thus, selflessness and charity has not much to do with an entrepreneur.

Pl. repost other unanswered questions for their proper answers!

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.