Which of the Following Statements About an Entrepreneur Is False

question 177

Multiple Choice

Which of the following statements about an entrepreneur is false?

• A)Organises the other factors of production into a working unit.
• B)Develops the vision for the firm and funds the producing unit.
• C)Sells his entrepreneurial services in the output market.
• D)Risks the personal funds provided.

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Definitions:

Interest Income

Income earned from various forms of investments that pay interest, such as savings accounts, CDs, and government bonds, subject to income tax.

Dividend Income

Income received from owning shares in a corporation, typically paid out from the corporation's profits.

Economic Benefit

The advantage or gain received by individuals or businesses, often used in the context of employee compensation, taxation, and public policy.

Recognize Income

The process of reporting income on the tax return in the year it is received or accrued, according to IRS rules.