Question

In the roles and functions of the entrepreneur identified by Kilby, which of the following is not an aspect of political administration?

• A. Dealing with public bureaucracy
• B. Managing human relation within the firm
• C. Introducing new production techniques and product
• D. Managing customer and supplier relation

Answer 1

The correct option is C Introducing new production techniques and product

Entrepreneur is a person who sets up and runs the business with his innovative skills. There are many functions of an entrepreneur. One of the functions is political administration. Political administration deals with compliance of all the legal policies of the company. The aspects concerned with political administration are dealing with the public bureaucracy, managing human relations within the firm and managing customer and supplier relation. Introducing new production techniques is a part of research and development program.