All of the Following Statements Are True About Entrepreneurship Except

question 174

Multiple Choice

All of the following statements are true about entrepreneurship except:

• A)The entrepreneur assembles the other needed resources.
• B)The entrepreneur risks her or his own money.
• C)The entrepreneur reaps the profits or suffers the losses of the enterprise he or she creates.
• D)The term entrepreneur is synonymous with the term inventor.

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Definitions:

Minimum-Wage Acts

Laws that establish the lowest hourly wage that can legally be paid to workers.

Remuneration

Compensation or payment received for employment or services provided, including salary, wages, bonuses, and benefits.

Annual Salary

The total amount of money earned by an employee in a year from their job before deductions.

Organization

A structured group of people working together towards shared goals, characterized by defined roles, responsibilities, and processes.