In a firm, an entrepreneur is one who
A) decides to hire or fire.
B) works for the owner by running the firm.
C) takes the risks associated with a business firm.
D) represents the firm in legal proceedings.
C
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The purpose of the network of air quality monitoring stations across the United States is
a. to monitor compliance with National Ambient Air Quality Standards. b. to monitor compliance with the National Emissions Inventory. c. to monitor compliance with the Environmental Protection Agency. d. to monitor compliance with the Air Quality Index. e. to impose environmental responsibility on business and industry. f. None of the above.
An art museum raises its admission price, and ends up with a decrease in its total revenue. How could you explain this situation to the museum director?
What will be an ideal response?