Which Statement About Entrepreneurs Is NOT Correct

question 153

Multiple Choice

Which statement about entrepreneurs is NOT correct?

• A) Entrepreneurs combine other resources to produce goods and services.
• B) Entrepreneurs manage day-to-day marketing, finance, and production decisions.
• C) The payment that entrepreneurs earn is called profit.
• D) Entrepreneurs do not take on any business risks.

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Definitions:

Price Of Pesos

The value or exchange rate of the Mexican Peso compared to another currency, typically reflecting the strength of the Peso in the foreign exchange market.

Dollars In Pesos

Dollars in Pesos typically refers to the conversion rate between the United States Dollar and the Mexican Peso, used to exchange currency between these two units.

Current Account Deficit

A situation where a country's total imports of goods, services, and transfers exceed its total exports, indicating it is spending more abroad than it is earning.

Capital Account Surplus

Occurs when a country has more incoming foreign investments and transfers than outgoing, influencing the nation's balance of payments and potentially affecting its currency value.