What is the role of the economic environment in the success of entrepreneurial ventures?
A. Entrepreneurial success is affected only by the talent and behavior of individuals, not by the economic environment.
B. Entrepreneurial success is not affected by the economic environment; a good idea will prevail in all external conditions.
C. A robust economy and the resulting increase in credit and demand boost the rate of new business formation, but a troubled economy has little effect on new ventures.
D. Increases in the money supply and the supply of bank loans lead to improved prospects and increased sources of capital.
E. Downturns in the economic environment offer no opportunity for entrepreneurial success.
Answer: D
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