Risk bearing in a business organisation is a function of the?
Answer Details
Risk bearing in a business organization is a function of the entrepreneur. An entrepreneur is an individual who takes on the financial risk of starting and operating a new business venture. They are responsible for making decisions regarding the allocation of resources, setting prices, and creating strategies to maximize profits. Since they have a personal stake in the success of their business, entrepreneurs are willing to take on the risk of potential losses in order to reap the rewards of potential gains. In this way, risk bearing is a critical function of entrepreneurship.