Entrepreneurs Are Considered an Essential Resource in an Economy

question 108

Multiple Choice

Entrepreneurs are considered an essential resource in an economy.Which of the following is NOT a reason entrepreneurs work in an economy?  

• A) They have the talent required to dream up a new product or find a better way to produce an existing one. 
• B) They are rewarded by profits. 
• C) They increase the unemployment rate. 
• D) They benefit from what's left over after paying other resource suppliers.

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Definitions:

Variable Expenses

Costs that change in proportion to the level of goods or services a business produces.

Transfer Price

The amount at which commodities and services are dealt among subdivisions within the same business entity.

Valve Division

A dedicated segment of a company focusing on the production or distribution of valves.

Variable Expenses

Costs that vary directly with the level of business activity or production volume.