Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:

What is true in respect of entrepreneurship?

Options:

Entrepreneurship is the process of setting up one’s own business as distinct from pursuing any other economic activity, be it employment or practicing some profession

The person who set-up his business is called an entrepreneur.

The output of the process, that is, the business unit is called an enterprise.

All of these

Correct Answer:

All of these

Explanation:

The correct answer is option 4- All of these.


Entrepreneurship is the process of setting up one’s own business as distinct from pursuing any other economic activity, be it employment or practising some profession. The person who set-up his business is called an entrepreneur. The output of the process, that is, the business unit is called an enterprise.