Which option gives the most balanced definition of an entrepreneur?
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Answer and explanation
Correct answer: One who identifies opportunity and runs enterprise with planning resources risk and responsibility
An entrepreneur turns opportunity into work and takes responsibility for results. Exam tip: understand an entrepreneur as a responsible initiator.
Frequently asked questions
What is the correct answer to this question?
One who identifies opportunity and runs enterprise with planning resources risk and responsibility
Why is this the correct answer?
An entrepreneur turns opportunity into work and takes responsibility for results. Exam tip: understand an entrepreneur as a responsible initiator.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Entrepreneurship: definition and characteristics.
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