Entrepreneurs Do All of the Following EXCEPT

question 349

Multiple Choice

Entrepreneurs do all of the following EXCEPT

• A) organize labor, land, and capital.
• B) own all the other resources used in the production process.
• C) bear risk from business decisions.
• D) come up with new ideas about what and how to produce.

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Definitions:

Assumption of State Debts

A policy proposal by Alexander Hamilton in the late 18th century, advocating that the federal government assume debts incurred by the states during the American Revolutionary War.

Alexander Hamilton

A Founding Father of the United States, chief staff aide to General George Washington, and the first Secretary of the Treasury.

Opposition in Congress

Instances or movements within the United States Congress where members challenge, resist, or impede policies, legislation, or leadership.

Slave Population

Refers to the people who were forcibly taken from Africa and other regions to work without wages, primarily in the Americas.