Question

If wage is the reward of labour then.Which one of the following is a reward of Entrepreneurs?
O)Profit
O)Rent
O)Wages
O)Interest​

Answer 1

The Correct Answer is...

O Profit

Explanation:

The purpose of an entrepreneur to start an enterprise is to manufacture a new product or start a service for the use of the potential consumer. If the product or service attains a salable state and the consumer accepts it, then the entrepreneur is motivated by reward in terms of profit.

So the Profit is the Reward of Entrepreneurs.

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Answer 2

The reward of an Entrepreneur is Profit.

• A individual who, in the hope of profit, develops a business or a corporation, takes on financial risks is known as an entrepreneur.
• If survival can be guaranteed, then the next most significant financial target for a new enterprise is profit.
• When the enterprise's profits exceeds the total expenses, a profit is made. The entrepreneur may opt to reinvest the profit in the company or take it out as a personal payment or dividend.