Q206
Which of the following input factor takes risk, innovates and coordinates
A.
Capital
B.
Labour
C.
Productivity
D.
Entrepreneur
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Entrepreneur input factor takes risk, innovates and coordinates. An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.