Q.Distinguish between an entrepreneur and a manager.

An entrepreneur is typically the owner of an enterprise, personally bears its risk and uncertainty, is rewarded by an uncertain profit, and plays a proactive role in conceiving, starting, and innovating the enterprise. A manager, by contrast, is typically a salaried employee who does not personally bear the enterprise's ownership risk, is rewarded by a fixed salary, and plays a more reactive, administrative role implementing plans and decisions that already exist. In a small enterprise one person may act as both entrepreneur and manager; in a larger enterprise the two roles are usually separated. This is distinct from, but often confused wi …