Which of the following statement/statements are true?
Statement 1: An entrepreneur bears risk and supplies capital.
Statement 2: An entrepreneur takes major decisions.

Both the statements are true.

The correct answer is Option 1: Both the statements are true.

Statement 1: An entrepreneur bears risk and supplies capital. This is correct. Entrepreneurs are known for taking risks. They invest their own capital (money or other resources) and time into starting and running a business, facing the uncertainty of success or failure.

Statement 2: An entrepreneur takes major decisions. This is correct. Entrepreneurs make key decisions throughout the life of their business. This includes decisions about products or services, marketing, hiring, finances, and overall strategy. Their choices significantly impact the success of the venture.