Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

Which of the following statements does NOT clearly distinguish between entrepreneurship and management?

Options:

Entrepreneurs found the business; managers operate it.

Entrepreneurs are the owners of their businesses; managers are employees

Entrepreneurs earn profits; managers earn salaries

Entrepreneurship is once for all activity; management is a continuous activity

Correct Answer:

Entrepreneurship is once for all activity; management is a continuous activity

Explanation:

The correct answer is option 4- Entrepreneurship is once for all activity; management is a continuous activity.

Entrepreneurship is an art or practice of setting up of business by a person who has skills, innovative mind etc. It is a continuous activity. Management is nothing but the art of managing things properly. A proper management is necessary to carry out activities effectively in the organisation. Hence, the given statement does not distinguish clearly the entrepreneurship from management.