What is the main difference between an entrepreneur and an employee?
Answer and explanation
Correct answer: An entrepreneur creates opportunities, while an employee generally performs assigned work
An entrepreneur typically identifies an opportunity, organizes resources, bears business risk, and makes decisions about a venture. An employee generally works under an employer’s direction in return for wages or salary, although employees may also show initiative and creativity. Option A gives the intended distinction; the other choices make clearly false absolute claims.
Frequently asked questions
What is the correct answer to this question?
An entrepreneur creates opportunities, while an employee generally performs assigned work
Why is this the correct answer?
An entrepreneur typically identifies an opportunity, organizes resources, bears business risk, and makes decisions about a venture. An employee generally works under an employer’s direction in return for wages or salary, although employees may also show initiative and creativity. Option A gives the intended distinction; the other choices make clearly false absolute claims.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Distinction between Business, Profession and Employment.
