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Business Studies

Organisational Objectives

The cost of e...

Question

The cost of entrepreneur as a factor of production is _______.

A

interest

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B

rent

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C

dividend/profit

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D

wages

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Solution

The correct option is C dividend/profit
Dividend/profit is known as the cost as a factor of production.For instance, when an entrepreneur invests his ideas to run an organization,then as a result ,profit is derived which is known as the cost of entrepreneur.

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Similar questions

Q. The cost of land as a factor of production is _________.

Q. The cost of labour as a factor of production is expressed in terms of _______.

Q. The cost of capital as a factor of production is expressed in the form of _______.

Q. The opportunity cost of a factor of production is ___________.

Q. Fill in the blanks with appropriate alternatives given in the brackets:

i. Land is subject to ___________ returns. (increasing/ constant/ diminishing/ negative)

ii. ______________ is regarded as primary factor of production. (Land/ Labour/ Capital/ Entrepreneur)

iii. Capital is a __________ factor of production. (real/ artificial/ natural/ free)

iv. Land is a free gift of _______________. (nature/ human/ foreign/ nation)

v. __________ is a leader of organisation. (A capitalist/ A consumer/ A seller/ An organizer)

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