Entrepreneurs are the residual claimants at their respective firms. This means that they: a. Only get paid
Question:
Entrepreneurs are the residual claimants at their respective firms. This means that they:
a. Only get paid if there is any money left over after all the other factors of production have been paid.
b. Must bear the financial risks of running their firms.
c. Receive whatever accounting profits or losses their firms generate.
d. All of the above.
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Answer d All of the above These statements about entrepreneurs as residual claiman...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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