Which of the following rewards is associated with entrepreneurship

Assessment: JAMB UTME - Economics - 2020 Subject: Economics

Question 1 Report

Which of the following rewards is associated with entrepreneurship
Answer Details
Profits are the most commonly associated reward with entrepreneurship. This is because in entrepreneurship, individuals start their own business with the goal of creating a product or providing a service that they can sell for more money than it cost to produce. The difference between the cost of production and the revenue received is referred to as profit. If the business is successful, the entrepreneur can receive a significant amount of money in the form of profits.
Read lesson note on Business Organizations (JAMB)
View Answer

Related Questions

1

The Nigerian bank for commerce and industry is?
2

Economics is often described as a social science because?
3

Which of the following is an example of aninvisibleitem on the balance of payments account
4

Which of the following is used by the central bank to control the rate of interest
5

A major factor affecting the value of money is the?
6

To control inflation, the monetary authorities of a country can
7

Scarcity in economics means?
8

What form of market is found in an imperfect competition where there are few buyers and many sellers

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning