The most important function of an entrepreneur is (a) Risk assumption Function (b) Managerial Function (c) Function of Innovation (d) Decision making Function
Answers
Answered by
0
Answer:
Risk assumption
Explanation:
Risk assumption is the most important function of an entrepreneur. He has to pay to all the other factors of production in advance. There are chances that he may be rewarded with a handsome profit or he may suffer a heavy loss. Therefore, the risk-bearing is the final responsibility of an entrepreneur.
Similar questions