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What is the main difference between an entrepreneur and an employee?

Answer and explanation

Correct answer: An entrepreneur starts a venture and an employee performs an assigned role

An entrepreneur generally identifies an opportunity, organises resources, starts or develops a venture, and bears significant business responsibility and risk. An employee usually works in an established organisation under an agreed role for wages or salary. The distinction is not absolute in every modern workplace, but B, C, and D are clearly incorrect.

Related tags

Entrepreneur-Vs-EmployeeRolesCareerEntrepreneurship DevelopmentMsme And Business EntrepreneurshipBusiness StudiesClass 11 Mcq

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