Which of the Following Statements About an Entrepreneur Is True

question 132

Multiple Choice

Which of the following statements about an entrepreneur is true?

• A)purchases other factors of production in the output market
• B)develops the vision for the firm and funds the producing unit
• C)sells his entrepreneurial services in the output market
• D)does not face personal risk

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Definitions:

Civil Cases

Legal disputes between two or more parties wherein compensation or specific performance is sought rather than criminal sanctions.

Negligence Per Se Doctrine

is a legal principle where an act is considered negligent because it violates a statute or regulation.

Local Ordinance

A law or regulation enacted by a municipal or county government specific to the area under its jurisdiction.

Public Policy

Principles and standards considered by a government in the interest of all citizens that guide legislative, regulatory, and judicial actions.