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

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

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