The Function of an Entrepreneur Is To

question 50

Multiple Choice

The function of an entrepreneur is to:

• A)bear the business risks.
• B)organize the other factors of production.
• C)innovate.
• D)do all of the tasks listed.

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Definitions:

Capital Balances

The amount of money that each partner in a partnership has contributed and retains in the business.

Noncash Assets

Assets that are physical or intangible properties owned by a business, which are not in the form of cash or easily convertible to cash.

Personally Insolvent

Personally Insolvent refers to an individual's financial state where they are unable to pay their debts as they come due.

Claims of Creditors

The rights of creditors to receive payment from a debtor's assets.