Who is called an entrepreneur?
Answer and explanation
Correct answer: A person who identifies an opportunity and starts a new work
An entrepreneur identifies an opportunity, develops an idea, organises resources, makes decisions, and starts or improves a venture. The person accepts responsibility for results and generally faces uncertainty. Thus option A is correct. Dependence, refusal to decide, or merely complaining does not describe the active and responsible entrepreneurial role.
Frequently asked questions
What is the correct answer to this question?
A person who identifies an opportunity and starts a new work
Why is this the correct answer?
An entrepreneur identifies an opportunity, develops an idea, organises resources, makes decisions, and starts or improves a venture. The person accepts responsibility for results and generally faces uncertainty. Thus option A is correct. Dependence, refusal to decide, or merely complaining does not describe the active and responsible entrepreneurial role.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
