Question 15 of 20
Q.Entrepreneur is not classified as :
(a) Employee
(b) Risk Bearer
(c) Organizer
(d) Innovator
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
75% · 15/20 Questions
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Start your 14-day free trial to unlock the full solution →An entrepreneur is a risk bearer, organiser and innovator — not an employee — so the odd one out is (a).
An entrepreneur is the person who conceives a business idea and carries it out. By function, an entrepreneur acts as a risk bearer (he faces the uncertainty of profit or loss), an organiser (he brings together and coordinates the factors of production), and an innovator (he introduces new products, methods or markets). These three describe how an entrepreneur is classified.
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