The correct answer would be, Assets.
When an entrepreneur takes some of his profits and replaces old machinery, he is investing in Assets.
Explanation:
An entrepreneur is a person who initiates a business and runs it to earn profits. He is fully aware of the risk associated with the business in the form of loss, but he puts his efforts to run the business in the hope of earning profits.
Assets are things which add value to the business. Assets are basically a company's long term, fixed, liquid or current possessions. Assets may include the following:
- Cash
- Treasury Bills
- Lands
- Property
- Machinery
- Furniture
- Savings
- Inventory, etc
So When an entrepreneur takes some of his profits and replaces old machinery with the new one, he is actually adding value to the business, which means he is investing in the assets.
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Answer:
The answer is E. Frederick W. Taylor.
Explanation:
Frederick W. Taylor was a mechanical engineer who tried to improve aspects regarding industrial efficiency. He had a lot of influence concerning the Efficiency Movement, as well as his ideas, which were so important in the Progressive Era.
His efficiency techniques were considered in his book The Principles of Scientific Management. in 2001, this book was considered the most important management book during the twentieth century by the Academy of Management. His work in the application of engineering principles to the work that was done in the different factories was so relevant regarding the development of engineering's branch that is called industrial engineering.
If he decides to run again, the election will occur in 2018.