Ask Question
BusinessBusiness
27 August, 17:43

An entrepreneur: a. always makes a profit b. generally avoids risky situations c. claims the residual (i. e., whatever is left over) after other resource suppliers are compensated d. is a parasite that benefits by not paying other resources for their services e. is the manager who runs an enterprise and keeps the customers happy

+3
Answers (1)
  1. 27 August, 21:18
    0
    Option C Claims the residual

    Explanation:

    The reason is that the entrepreneur can only claim the part of the investment which is his own investment in the company. So this means that the company is able to claim the residual amount which is left after all the liabilities are paid off. So the amount left is his personal investment in the company.

    Option A - The entrepreneur not necessarily makes profit all the times.

    Option B - The risk profile of the each entrepreneur is different from the other.

    Option D - Is not a parasite because he has to pay suppliers to stay in business

    Option E is also incorrect because though an entrepreneur runs the company but it is not always the case that the entrepreneur is keeping the customers happy because most startups collapse in start because of the poor management and poor feedback of customers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An entrepreneur: a. always makes a profit b. generally avoids risky situations c. claims the residual (i. e., whatever is left over) after ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Meds company, oral med corporation, and pharma, inc., are drug makers. in a suit against all of these parties in which market-share liability is imposed, most likely to be liable are
Answers (1)
Castille Corp. purchases, for $600,000, land upon which a building and a dilapidated shed are situated. Castille plans to use the building as-is for operations but immediately razes the shed at a cost of $5,000 minus scrap recovery of $1,000.
Answers (1)
Assume you are to receive a 20-year annuity with annual payments of $50. The first payment will be received at the end of Year 1, and the last payment will be received at the end of Year 20.
Answers (1)
What advice does Lisa Marie Ford have for people interested in a career in marketing or business? (Site 1)
Answers (1)
Thomas Engel contributed equipment, inventory, and $45,000 cash to a partnership. The equipment had a book value of $25,000 and market value of $30,000.
Answers (2)
New Questions in Business
Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.
Answers (1)
You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.
Answers (1)
2. Provide a definition for the following terms: • Accounts receivable: Enter definition here. • Supplies: Enter definition here. • Prepaid rent: Enter definition here. • Furniture: Enter definition here.
Answers (1)
What is the term applied to the amount that net sales exceeds cost of goods sold on an income statement?
Answers (1)
Whenever marginal cost is greater than average total cost, A. average total cost is rising. B. marginal cost is falling. C. average total cost is falling. D. Both b and c are correct.
Answers (1)
Home » Business » An entrepreneur: a. always makes a profit b. generally avoids risky situations c. claims the residual (i. e., whatever is left over) after other resource suppliers are compensated d.
Sign Up Forgot Password?