Q.Which of the following statements does not clearly distinguish between entrepreneurship and management?

Entrepreneurship is not a one-time activity — it reappears whenever a business is renewed or changed — so a statement that calls it 'once for all' does not correctly distinguish it from management.

Options (a), (b) and (c) each state a genuine distinction — entrepreneurs found the business while managers operate it; entrepreneurs are owners while managers are employees; entrepreneurs earn profits while managers earn salaries. Option (d) does not clearly distinguish the two, because entrepreneurship is not a once-for-all activity: it appears at start-up, recedes as the venture stabilises, and reappears whenever the business is renewed through changes in product, market, technology or structure.