Q.Distinguish between an entrepreneur and a manager.

An entrepreneur and a manager both help run a business, but they differ sharply in ownership, risk, and reward. …

An entrepreneur and a manager differ on several counts, even though both are involved in directing a business.

• Status: An entrepreneur is the owner of the enterprise; a manager is an employee/servant appointed by the owner(s).
• Risk-bearing: An entrepreneur bears the full financial risk of the venture personally; a manager bears no personal financial risk at all.
• Reward: An entrepreneur is rewarded with profit, which is uncertain and can even be a loss; a manager is rewarded with a fixed salary, regardless of whether the enterprise makes a profit or a loss.
• Resources: An entrepreneur mobilises their own or borrowed capital independently; a manager works with resources already placed at their disposal by the owner. …

A comparison table (Basis / Entrepreneur / Manager) is an equally acceptable, often clearer, way to p …

Students sometimes assume a manager cannot also be an entrepreneur -- in a small enterprise the same person often performs both roles, but the syllabus is testing the distinct …