The ____ is at the center of the market process.
A) managers
B) shareholders
C) entrepreneur
D) none of these choices.
Correct Answer:
Verified
Q4: It is always the best strategy to
A)not
Q5: To Schumpeter, the market process is called
A)dynamic
Q6: In economics
A)costs are seen as all the
Q7: Managers and entrepreneurs are
A)the same.
B)different.
C)assume risk.
D)always stockholders.
Q8: If economic profits are zero
A)accounting profits is
Q10: Stock is a form of
A)dividend.
B)debt.
C)equity.
D)lending.
Q11: The entrepreneur is always searching for
A)positive profit.
B)normal
Q12: Economic profit equals
A)accounting profit plus the cost
Q13: Specialization should be guided
A)by government regulations.
B)comparative advantage
C)by
Q14: Entrepreneurs should always
A)be the first mover
B)have a
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