Economics · Entrepreneurship Development
Which of the following best explains the risk-bearing function of an entrepreneur?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Coordinating labour and capital in production
- 2Introducing new methods of production
- 3Undertaking uncertainty of business outcomes and bearing financial loss if it occurs✓
- 4Allocating resources in the production process
Correct answer
Undertaking uncertainty of business outcomes and bearing financial loss if it occurs
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