In a market system, the task of assessing and managing the business risk of a firm is taken on by the firm's:
A) Labor
B) Capital suppliers
C) Entrepreneurs
D) Customers

Question

Quizplus · Accepted Answer

In a market system, entrepreneurs are the ones responsible for assessing and managing business risk. They are the innovators and risk-takers who start businesses and work to make them succeed. Labor, capital suppliers, and customers all play important roles in a market economy, but they do not have the same level of responsibility for managing business risk as entrepreneurs do.

In a Market System, the Task of Assessing and Managing