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Which of the ...

Question

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

A

Entrepreneurs find the business; managers operate it

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B

Entrepreneurs are the owners of their business; managers are employees

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C

Entrepreneurs earn profit; managers earn salary

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D

Entrepreneurship is once-for-all activity; management is a continuous activity

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Solution

The correct option is A Entrepreneurship is once-for-all activity; management is a continuous activity
Entrepreneurship is an art or practice of setting up of business by a person who has skills, innovative mind etc. It is a continuous activity. Management is nothing but the art of managing things properly. A proper management is necessary to carry out activities effectively in the organisation. Hence, the given statement does not distinguish clearly the entrepreneurship from management.

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Similar questions

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. Statements:
All Employees are Owners.
No Owner is a Supervisor.
Some Employees are not Managers.
All Managers are Gatekeepers.
Some Supervisors are Managers.

Conclusion:
I. Some Managers who are not Supervisor are Employees.
II. Some Supervisors, if they are not Gatekeepers, are also not Employees.

Q. Statements:
All Employees are Owners.
No Owner is a Supervisor.
Some Employees are not Managers.
All Managers are Gatekeepers.
Some Supervisors are Managers.

Conclusion:
I. Some Gatekeepers are not Supervisor.
II. Some Gatekeepers that are Supervisors are not Owners.

Q. Which of the following contains the owner of the business, the shareholders, the managing director,the non-managers, employees, the customers,the infrastructure of the business organization, and the culture of the organization?

Q. Mr. Rajiv, manager of Headlines Ltd., uses his creativity and practices management principles under different situations to manage the business. The employees are happy and satisfied as he every day rewards employees for their punctuality and efficiency.
(a) Identify the nature of management highlighted above.
(b) Name other two aspects of nature of management.
(c) Identify the values followed by Mr. Rajiv.

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