Which of the following rewards is associated with entrepreneurship
ECONOMICS
JAMB 2020
Which of the following rewards is associated with entrepreneurship
- A. salaries
- B. profits
- C. interest
- D. rent
Correct Answer: B. profits
Explanation
The reward for entrepreneurship is profit. Profit is described as the financial benefit gotten when the revenue generated from a business activity exceeds the expenses, costs, and taxes paid. An entrepreneur is an individual who creates or owns a business and combines all the factors of production to make a profit.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *