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WAEC Economics 1994 Question 28

Question 28

Theory of Production

Risk bearing and managerial control are the main functions of the

  1. A.managing director
  2. B.manager
  3. C.entrepreneur
  4. D.chief executive
  5. E.chief accountant
Show the answer and explanation

Answer: C (entrepreneur)

Explanation

The entrepreneur organises the other factors, takes the final decisions and bears the risk of the business.