In a Market Economy, What Must an Entrepreneur Do in Order

question 66

Multiple Choice

In a market economy, what must an entrepreneur do in order to be successful?

• A)purchase resources at lower prices than rivals
• B)produce a good that can be sold for more than its production cost
• C)obtain large subsidies from the government
• D)hire workers at low wage rates

---

Definitions:

Fraudulent Act

refers to any deliberate deception intended to secure an unfair or unlawful gain, or to deprive a victim of a legal right.

Liability to the Partnership

Obligations or debts for which a partnership is responsible, including those incurred by individual partners acting within the scope of their partnership activities.

Share Profits and Losses

The principle of dividing the financial outcomes of business operations, both positive and negative, among the participants according to an agreed-upon formula.