Chapter 2 Delves into the Notion of Two Types of Economies

Multiple Choice

Chapter 2 delves into the notion of two types of economies with various perks and benefits - a managerial economy and an entrepreneurial economy. Which of the following terms are typically associated with a managerial economy?

A) Centralization
B) Decentralization
C) Dynamism
D) Predictability
E) Improvisation
F) Control
G) Networking
H) Experimentation
I) Planning
J) Large scale
K) Stability
L) Standardization
M) Variation