Categories: Economics JAMB

Which of the following rewards is associated with entrepreneurship

A. salaries
B. profits
C. interest
D. rent

Correct Answer:

Option B = profits

Explanation

The reward for entrepreneurship is profit. Profit is described as the financial benefit gotten when the revenue generated from a business activity exceeds the expenses, costs, and taxes paid.

An entrepreneur is an individual who creates or owns a business and combines all the factors of production to make a profit.

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