What role does an entrepreneur play in the making of goods and services? a. the entrepreneur provides the labor for a business. b. the entrepreneur harvests the natural resources. c. the entrepreneur brings together the factors of production into workable businesses. d. the entrepreneur buys goods that are made.

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.