Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Entrepreneurship Development

Question:
Which of the following sentence is NOT a characteristic of entrepreneurship?
Options:
Risk taking
Innovation
Creative activity
Managerial training
Correct Answer:
Managerial training
Explanation:
There are five characteristics of entrepreneurship viz. Systematic Activity, Lawful and Purposeful Activity, Innovation and creativity, Organisation of Production and risk taking. The entrepreneurship is defined as a systematic, purposeful and creative activity of identifying a need, mobilising resources and organising production with a view to delivering value to the customers, returns for the investors and profits for the self in accordance with the risks and uncertainties associated with business.