9 If you decide to become an entrepreneur, which one of thefollowing will not be related to you as an entrepreneur?a. You take the full riskO b. None of the options givenO c. You own the businessO d. You perform only selective functions

Entrepreneurship refers to the ability and readiness of an individual by running a business…

If you decide to become an entrepreneur, which one of the following will not be related to you as an entrepreneur? O a. You take the full risk O b. None of the options given O c. You own the business O d. You perform only selective functions

If you decide to become an entrepreneur, which one of the following will not be related to you as an entrepreneur? O a. You take the full risk O b. None of the options given O c. You own the business O d. You perform only selective functions

Foundations of Business (MindTap Course List)

6th Edition

ISBN:9781337386920

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter4: Choosing A Form Of Business Ownership

Section: Chapter Questions

Problem 6DQ

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Concept explainers

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.

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If you decide to become an entrepreneur, which one of the
following will not be related to you as an entrepreneur?
a. You take the full risk
O b. None of the options given
O c. You own the business
O d. You perform only selective functions

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