BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

ENTREPRENEURIAL DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The entrepreneur was distinguished from capital provider in:
A
Middle ages
B
17th century
C
18th century
D
19th and 20th century
Explanation: 

Detailed explanation-1: -A capital provider provides funds for the setting up of the company. It was in the 18th century when an entrepreneur was distinguished from the capital provider. Arise in industrialization was one of the reasons for this distinguish between entrepreneur and capital provider.

Detailed explanation-2: -Solution. People with capital were distinguished from those who needed capital in the 18th century. In other words, the capital provider was distinguished from the entrepreneur.

Detailed explanation-3: -Entrepreneur refers to the founders, management teams, AND the companies they are building; and Capital refers to resources beyond just money AND includes operational support, strategic planning, mentorship and access to talent.

Detailed explanation-4: -The capital of a business is the money it has available to fund its day-to-day operations and to bankroll its expansion for the future. The proceeds of its business are one source of capital.

Detailed explanation-5: -But it was Richard Cantillon, an Irishman living in France who first used the term entrepreneur to refer to economic activities.

There is 1 question to complete.