Q.Assertion (A) : Role of entrepreneur and manager is the same. Reason (R) : Both are risk takers and work for profit for an organizations. Code:
Correct answer: (A) and (R) are incorrect.
Explanation
Role of entrepreneur and manager is not same. An entrepreneur is a person who bears the risks, combines various factors of production and brings new ideas and carries out creative innovation. whereas manager works for salary and does not have to bear any risk.
Role of entrepreneur and manager is not same. An entrepreneur is a person who bears the risks, combines various factors of production and brings new ideas and carries out creative innovation. whereas manager works for salary and does not have to bear any risk.