Concept:Risk bearing refers to the entrepreneur's acceptance of uncertainty and potential loss while setting up and running a business.
Explanation:The entrepreneur is the person who organises a business venture.
They combine land, labour, and capital to produce goods or services.
They also assume the financial risk of possible failure or loss.
Employees, customers, and managers do not bear the main risk of ownership.
Managers only run the business on behalf of owners, while employees receive fixed wages and customers are not involved in ownership.
Therefore, risk bearing is a distinctive function of the entrepreneur.
Answer:C. entrepreneur