Taking risks to create a new business is considered a factor of production
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: This activity is known as entrepreneurship—a traditional factor of production.
You might also like to view...
In James v. Bob Ross Buick, where a car dealership sent letters to customers over James's signature after he had been fired, the appeals court held that James had no suit for invasion of privacy because he was not a private person for work purposes
a. True b. False Indicate whether the statement is true or false
Ratchet Manufacturing's August sales budget calls for sales of 8,000 units. Each month's sales are expected to exceed the prior month's results by 5%. The product selling price is $25 per unit. The expected total sales dollars for September's sales budget are:
A) $200,000. B) $190,000. C) $210,000. D) $220,000. E) $8,400.
Which of the following is an advantage of a C corporation?
A) ?The process of forming a C corporation is simple and inexpensive. B) ?The members are entitled to choose the mode of tax treatment. C) ?The firm is free from double taxation. D) ?The shareholders have limited liability in the firm.
Discipline is a ____________ reward
a. positive b. causal c. negative d. factorial