6. Entrepreneurs are the residual claimants at their respective firms. This means that they: LO18.6 a. Only
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6. Entrepreneurs are the residual claimants at their respective firms. This means that they: LO18.6
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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Related Book For
Microeconomics Principles, Problems, And Policies
ISBN: 9781259915727
21st Edition
Authors: Campbell McConnell
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