Asked by
Damoni Graham
on Oct 13, 2024Verified
Which statement is true?
A) Entrepreneurial ability is considered a passive resource.
B) All entrepreneurs are inventors.
C) The entrepreneur has been the central figure in the long economic success in the U.S.
D) The basic payment made to the owners of capital is rent.
Entrepreneurial Ability
The innovation and risk-taking skills that a person possesses to create and manage a business successfully.
Economic Success
The achievement of desired financial outcomes in growth, employment, and stable prices within an economy.
Entrepreneurs
Individuals who create, organize, and manage a business venture, taking on financial risks in the hope of profit.
- Understand the role and characteristics of entrepreneurship in economic success.
Verified Answer
AL
Learning Objectives
- Understand the role and characteristics of entrepreneurship in economic success.