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Which of the following is a financial reward for enterprise? A - OCR - GCSE Business - Question 1 - 2021 - Paper 1
Question 1
Which of the following is a financial reward for enterprise? A. Authority B. Profit C. Success D. Wages Your answer
Worked Solution & Example Answer:Which of the following is a financial reward for enterprise? A - OCR - GCSE Business - Question 1 - 2021 - Paper 1
Step 1
Identify the financial reward for enterprise
Answer
Among the options given, we need to identify which one represents a financial reward associated with enterprise.
- A. Authority: This refers to the power and right to make decisions, not a financial reward.
- B. Profit: This is indeed a financial reward for enterprise as it represents the income gained after all expenses are deducted.
- C. Success: While success can imply financial gain, it is not specifically a financial reward by itself.
- D. Wages: Wages are a form of payment for labor, not strictly a reward for enterprise itself.
The correct answer here is B. Profit, as it explicitly refers to the financial gain from business activities.