An entrepreneur is a person who does all of the following except
A) assumes the risk of a firm.
B) organizes and manages a firm.
C) turns a new idea or product into a business.
D) always makes a profit.
Correct Answer:
Verified
Q3: Michael Dell was the first individual who
Q4: The consuming units in an economy are
Q5: Among the factors of production are
A) capital.
B)
Q6: Most firms exist to make a profit.
Q7: In an output market
A) consumers purchase products.
B)
Q9: All households have ultimately limited incomes.
Q10: Why do firms engage in the activity
Q11: Firms are the producing units of the
Q12: In factor, or input, markets
A) consumers purchase
Q13: Economists would classify the New York Mets
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