Employability: Entrepreneurial Skills – II · Class 10 · CBSE Information Technology (402)
Which of the following best defines an entrepreneur?
Practice question from Employability: Entrepreneurial Skills – II (Class 10 · CBSE Information Technology (402)), with the correct answer and a step-by-step solution.
easy · MCQ · Q-5164A7
Which of the following best defines an entrepreneur?
- A.A person who works exclusively for a government department.
- B.An individual who creates a new business, bears most of the risks, and enjoys most of the rewards.Correct answer
- C.A salaried employee who manages daily operations without taking any financial risk.
- D.A person who invests money in the stock market purely for passive dividend income.
Solution
An entrepreneur is someone who organizes and operates a business or businesses, taking on financial risk in order to do so, with the goal of making a profit.
More from Employability: Entrepreneurial Skills – II
- What is the primary role of an entrepreneur in society regarding economic development?
- Which of the following represents a social benefit of entrepreneurship rather than a purely financial one?
- Which of the following is a common myth about entrepreneurship?
- Distinguish between a traditional salaried employee and an entrepreneur with respect to risk and reward.
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