BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FLASE
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Detailed explanation-1: -Entrepreneurial growth requires proper motives like profit-making, acquisition of prestige and attainment of social status. Ambitious and talented men would take risks and innovate if these motives are strong. The strength of these motives depends upon the culture of the society.
Detailed explanation-2: -The non-economic factors are largely influenced by the society and country where the entrepreneur resides. These factors are such as social mobility, education, entrepreneurship legitimacy, the attitude of society, and cultural values. A society must be willing to adapt to changes for entrepreneurs to flourish.
Detailed explanation-3: -Expert-Verified Answer. It is affected by all of the given factors. An entrepreneur is a person who owns and manages a business while taking on higher financial risks than typical. Entrepreneurship is equipping a person with the necessary skills and knowledge to start and run a business.
Detailed explanation-4: -The correct answer is Human resources.