Assertion: In developing countries, there is no distinction between entrepreneurship and managers. The entrepreneur remains attached even to the day-to-day operations of the venture. Reasoning: In developed countries, the distinction between the entrepreneurial and managers is very sharp. It is argued that once the project has reached a level of maturity, the entrepreneurs must move out and the managers must come in.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct.

Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A.

In developed countries, the distinction between the entrepreneurial focus on start-ups and managerial focus on routine is so sharp that it is argued that once the project has reached a level of maturity, the entrepreneurs must move out and the managers must come in. In developing countries, however, the concept of owner-manager seems more apt for entrepreneurship as the entrepreneur remains attached even to the day-to-day operations of the venture.