Which of the following rewards is associated with entrepreneurship
ECONOMICSJAMB 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.
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