Which of the Following Is Not a Theory of the Source

question 197

Multiple Choice

Which of the following is not a theory of the source of profit as discussed in the textbook?

• A)Uncertainty is a source of profits.
• B)Profit is the reward for alertness to arbitrage opportunities.
• C)Profit is the return to the entrepreneur as innovator.
• D)Profit is the return to those who are fortunate enough to own resources.

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Definitions:

Planning

The process of making plans for something, including strategies, operations, and resource allocation.

Production Targets

Goals set for the amount of products that should be produced within a certain period of time by a company or a department.

Correction Actions

Measures taken to address problems identified during the monitoring of a process or system to ensure the desired performance.

Financial Controller

A senior executive responsible for managing a company's financial accounting, reporting, and compliance activities.