The Role of the Entrepreneur in Society Is to

question 30

Multiple Choice

The role of the entrepreneur in society is to

• A) provide capital to the firm, which the management combines with labor.
• B) bring the factors of production together and take the risks of producing output.
• C) control the land upon which all production takes place and to get the most rent.
• D) regulate what products are considered safe to market.

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Definitions:

IT

Information Technology, which involves the use of computer systems, software, and networks to store, retrieve, transmit, and manipulate data.

Organizing

The process of structuring, arranging, and allocating resources and tasks within an organization to achieve its objectives efficiently.

Planning

The process of setting goals, defining actions to achieve these goals, and developing strategies to implement the actions.

Public Information

Data, facts, and insights that are available to the general public, often provided for transparency and accountability purposes.