The human resource that assumes the risk of organizing other productive resources to produce goods and services is called?

Study for the Entrepreneurship EOPA Test. Prepare with targeted questions and comprehensive explanations. Equip yourself for success in your exam!

Multiple Choice

The human resource that assumes the risk of organizing other productive resources to produce goods and services is called?

The idea being tested is the role of entrepreneurship in turning inputs into goods and services by taking on risk and coordinating resources. An entrepreneur spots opportunities, decides what to produce, and brings together land, labor, and capital to make it happen, bearing the risk if the venture doesn’t succeed. This is distinct from a manager, who directs operations within an established plan; an investor, who provides financial resources; and labor, who supplies work. The description fits entrepreneurship because it centers on organizing resources and taking on risk to create output.

The human resource that assumes the risk of organizing other productive resources to produce goods and services is called?

Study for the Entrepreneurship EOPA Test. Prepare with targeted questions and comprehensive explanations. Equip yourself for success in your exam!

The human resource that assumes the risk of organizing other productive resources to produce goods and services is called?

Get the latest from Passetra