Choose the Statement That Is Incorrect

question 75

Multiple Choice

Choose the statement that is incorrect.

• A)Entrepreneurship is a factor of production.
• B)Entrepreneurs receive the profit or bear the loss that results from their business decisions.
• C)Entrepreneurship consists of all the gifts of nature.
• D)Entrepreneurial services are traded in markets.
• E)Both C and D are incorrect.

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Definitions:

Diversity Of Labor

The inclusion of a wide range of employees from different backgrounds, cultures, and experiences in the workforce.

Pricing Decision

A Pricing Decision is the strategic determination made by a company regarding how much to charge for its products or services, balancing competitiveness with profitability.

Federal Employment Law

encompasses the regulations and statutes that govern labor relations and employment issues at the national level in the United States, including discrimination, wages, and workplace safety.

Transformational Change

Significant, radical changes that affect the structure and direction of an organization, often leading to a shift in culture, processes, or strategy.