Whose name is associated with the "Uncertainty-bearing theory of profit"?
A)J. Schumpeter
B)F.H. Knight
C)J.B. Clark
D)F.W. Watker

Question

Quizplus · Accepted Answer

The "Uncertainty-bearing theory of profit" is associated with Frank H. Knight. He argued that profits are the reward for bearing the uncertainty in business, distinguishing between risk (which can be measured and thus insured) and true uncertainty (which cannot be measured and thus requires entrepreneurial judgment).

Whose Name Is Associated with the "Uncertainty-Bearing Theory of Profit