Asked by ariana marie on Jul 01, 2024
Verified
Stewart is a small business owner who runs a local coffee shop and a bakery.For Stewart,_____ represents an earned reward for taking the risks of running the business.
A) government intervention
B) concessions
C) profits
D) long hours
Government Intervention
The involvement of the government in the market, aiming to correct market failures, redistribute resources, or to achieve specific economic objectives.
Profits
Net income that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.
- Understand the basic rights and principles of management within the private enterprise system.
Verified Answer
SC
Stacey Chapman6 days ago
Final Answer :
C
Explanation :
Profits represent the earned reward for taking the risks of running a business, as they are the financial gain obtained after subtracting expenses from revenue.
Learning Objectives
- Understand the basic rights and principles of management within the private enterprise system.
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