Which of the following is not the duty of an entrepreneur?

Assessment: WAEC SSCE - Commerce - 1996 (Objective) Subject: Commerce

Question 1 Report

Which of the following is not the duty of an entrepreneur?
Answer Details
The duty of an entrepreneur refers to the various responsibilities that an entrepreneur is expected to undertake in order to run a successful business. These duties include providing initial capital, bearing risks, organizing other factors of production, and deciding what to produce. However, deciding on the amount of tax to pay is not the duty of an entrepreneur. This is because the amount of tax to be paid is determined by the government, and entrepreneurs are expected to comply with tax laws and regulations. Therefore, the answer is "Decision on the amount of tax to pay".
Read lesson note on Introduction To Business Management (WAEC)
Read lesson note on Occupation (JAMB)
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