State with reasons whether you agree or disagree with the following statements. Profit is a reward for bearing risk only.

State with reasons whether you agree or disagree with the following statements.

Profit is a reward for bearing risk only.

ANSWER:


No, the above statement is only partially correct. This is because profits act as a reward for the entrepreneur for performing tasks such as production activities, organising, controlling the activities related to production and distribution, as well as bearing the risk of failure of the business.

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