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Dissolution vs Retirement

The terms ent...

Question

The terms entrepreneur and Manager are same.

A

True

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B

False

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Solution

The correct option is B False
Entrepreneur is the person who sets up a business by investing capital and taking risks.
whereas a manager manages the work and gets it done by leadership qualities he/she posses.

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Similar questions

Q. "An entrepreneur could be a manager but a manager cannot be an entrepreneur".

Which of the following statements does not clearly distinguish between entrepreneurship and management?

(a) Entrepreneurs found the business; managers operate it

(b) Entrepreneurs are the owners of their business; managers are employees

(c) Entrepreneurs earn profits; managers earn salaries

(d) Entrepreneurship is once for all activity; management is a continuous activity

Q. An entrepreneur always attempts to bring change in terms of factor proportions which is called innovation. A manager is concerned only with day-to-day affairs of a going concern.

Q. An entrepreneur and a manager differ in their standing, an entrepreneur is the_of the organization and he bears all the risk and uncertainties involved in running an organization where as a manager is an____and does not undertake responsibilities for any risk.

Q. An entrepreneur and a manager differ in their standing, an entrepreneur is the ___________ of the organization and he bears all the risk and uncertainties involved in running an organization where as a manager is an _______ and does not undertake responsibilities for any risk.

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