In Making a Production Decision,an Entrepreneur

question 83

Multiple Choice

In making a production decision,an entrepreneur

• A)Decides whether to enter or exit the market.
• B)Decides what level of output will maximize profits.
• C)Determines plants and equipment.
• D)Can change both fixed and variable inputs.

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Definitions:

Balance Sheet

A financial outline that displays a company's assets, financial obligations, and the ownership interest of shareholders at a determined date.

Net Income

The total profit of a company after subtracting all expenses, taxes, and costs from total revenue.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of an entity, including issuing debt, equity, and paying dividends.

Cash Flows

The sum of funds entering and exiting a company, particularly influencing its liquid assets.