Question : Statement 1: Entrepreneur In response to a received business opportunity mobilise these resources into a productive enterprise or firm Statement 2: It is generally believe that entrepreneurs take low risk.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Statement 1 is true and statement 2 is false.
Solution : It is generally believe that entrepreneurs take high risk. Individuals opting for a career in entrepreneurship take a bigger risk that involved in career in employment or practice of a professional as there is no assured pay off.
Hence, option C is correct.
Question : Statement 1: The term entrepreneur was introduced by French economist Richard Cantillon Statement 2: The term entrepreneur was first introduced in economics by the early 19th century.
Question : Statement 1: Richard defined entrepreneur as the agent who buys means of production at certain prices in order to sell the produce at uncertain prices in the future. Statement 2: Entrepreneurship is a systematic, purposeful activity of identifying a need.
Question : The remuneration of the entrepreneur in production is
Question : Case Study 2: The Role of Entrepreneurs
Ms. Sana is a successful entrepreneur who owns a chain of organic food stores. She sources organic produce directly from local farmers and promotes healthy eating habits. Her stores have gained popularity due to
Question : Case Study 7: Impact of Entrepreneurship on Employment
Ms. Patel, a successful entrepreneur, founded a chain of boutique hotels in various tourist destinations across the country. Her hotels have not only attracted tourists but also provided job
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