Asked by Name
12.
What is an entrepreneur's income based on ?
A.
Profit
B.
Standard of living
C.
Loss
D.
Cost of living
All Answers 1
Answered by
GPT-5 mini
AI
A. Profit
An entrepreneur's income comes from the profit generated by the business (revenues minus costs), which compensates for risk, effort, and capital provided.
An entrepreneur's income comes from the profit generated by the business (revenues minus costs), which compensates for risk, effort, and capital provided.
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