The role of the entrepreneur in society is to:__________
a) provide capital to the firm, which the management combines with labor.
b) bring the factors of production together and take the risks of producing output.
c) control the land upon which all production takes place and to get the most rent.
d) regulate what products are considered safe to market.

Question

08-02-2021
Business

Answered

IDNLearn.com is designed to help you find reliable answers to any question you have. Discover prompt and accurate answers from our community of experienced professionals.

The role of the entrepreneur in society is to:__________
a) provide capital to the firm, which the management combines with labor.
b) bring the factors of production together and take the risks of producing output.
c) control the land upon which all production takes place and to get the most rent.
d) regulate what products are considered safe to market.

Sagot :

Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.

How Did The Han Pay For The Military?

What Compass Heading Represents 20° North Of West? PLS HELP

Type The Correct Answer In Each Box. Write Each Answer As A Fraction, Using / For The Fraction Bar. Wesley Draws A Card At Random From A Well-shuffled Deck Of P

Write 3 + 2 Log Z - Log(x² + 2x + 1) +1/2 Log Y As A Single Logarithm With Coefficient 1.

Match Each Term To Its Correct Definition. diction tone mood voice the Author's Attitude Toward The Subject arrowRight the Way An Author, Narrator, Or Speaker E

36. In A Group Of 5 Freshman, 10 Sophomores, 3 Juniors, And 2 Seniors, How Many Ways Can A President, Vice President, And Treasurer Be Elected?

What Is Wind Speed? Pls Hurry This Is Due In A Few Minutes

Which Of The Following Sentences Contains An Underlined Group Of Words That Is An Independent Clause? A If You Attend The Saturday Matinee, Expect To Wait In A

The Narrator Determines What Will Take Place In A Story. What The Reader Will Like In A Story. How Many Characters Will Be In A Story. How A Reader Will See Eve

Mary Measured The Heights Of Two Different Plants Every Day. Plant A Was 1 Inch Tall When Mary Began Her Measuring, And It Grew 0.5 Inch Per Day. Plant B Was 3

Abdulmajeedabiodunacidn Abdulmajeedabiodunacidn · Answer 1 · 2021-02-08T19:09:51-05:00

Answer:

b) bring the factors of production together and take the risks of producing output.

Explanation:

There are basically four factors of production which are required in order to ensure the manufacturing of output, which are land,labor,capital as well as an entrepreneur.

The role of an entrepreneur is to bring together all factors in order to serve the purpose of creating valued-added output that can be sold at a price higher than the cost price in order to make a profit.

All in all, the role of an entrepreneur is not just to provide capital or control land but bring all factors of production together

Sagot :

Other Questions