All of the following are true of entrepreneurs EXCEPT
A) in the past, entrepreneurs were inventors who brought all the factors of production together to produce a new product.
B) many of the companies started by early entrepreneurs have failed to stay in operation.
C) a free-enterprise system provides the conditions necessary for entrepreneurs to succeed.
D) many of the companies started by early entrepreneurs still operate today.
E) entrepreneurs constantly change American business practices with new technology and innovative management techniques.

Question

Quizplus · Accepted Answer

The free-enterprise system provides the conditions necessary for entrepreneurs to succeed. In the past, entrepreneurs were often inventors who brought all factors of production together to produce a new product. Other entrepreneurs invested in the country's growth. Although these entrepreneurs were born in another century, their legacy to the American economy lives on in the companies they started, many of which still operate today. Entrepreneurs are constantly changing American business practices with new technology and innovative management techniques.

All of the Following Are True of Entrepreneurs EXCEPT