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Questions and Answers
Individuals in a free enterprise are free to do which of the following?
Individuals in a free enterprise are free to do which of the following?
- Decide what to produce
- Decide how to produce
- Decide at what price to sell
- All of the above (correct)
What is the definition of business according to the text?
What is the definition of business according to the text?
- The organized effort of individuals to sell goods and services only
- The organized effort of individuals to produce goods only
- The organized effort of individuals to produce, sell, and consume goods and services
- The organized effort of individuals to produce and sell goods and services (correct)
What is the purpose of copyright according to the text?
What is the purpose of copyright according to the text?
- To allow individuals to copy, scan, or duplicate copyrighted materials freely
- To prevent individuals from copying, scanning, or duplicating copyrighted materials
- To distribute copyrighted materials without a license
- To protect the rights of the copyright holder (correct)
What is the role of creativity in entrepreneurship according to the text?
What is the role of creativity in entrepreneurship according to the text?
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What are individuals free to decide in a free enterprise according to the text?
What are individuals free to decide in a free enterprise according to the text?
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