Question

Statement I: Entrepreneurs contribute to increasing the per capita income.

Statement II: Entrepreneurs do all the hard labour themselves.

• A. Both Statement I and II are true.
• B. Only Statement I is true.
• C. Only Statement II is true.
• D. Neither Statement I nor II is true.

Answer 1

The correct option is B Only Statement I is true.

An entrepreneur is an innovator of new ideas and business processes. Entrepreneurship encompasses management skills, strong team-building abilities, and essential leadership qualities to manage a business. Entrepreneurs hire people to work in their firms. They manage labourers and make sure that profit is made.