BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Altering the government system
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Arranging finance
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Staffing
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Risk and uncertainty bearing
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Detailed explanation-1: -Ans: (d) Planning Q 29: “ This Function of an entrepreneur is concerned with manpower planning, recruitment, selection and placements of manpower, human resources development, promotion, transfer, appraisal and determination of employee’s remuneration.”. ”.
Detailed explanation-2: -While, an entrepreneur needs to be innovative while planning and deciding upon business activities as to fulfill the public demand but, it is not his duty to innovate new technology or products. Thus, innovation is not a function to be performed rather an essential characteristic of a successful entrepreneur.
Detailed explanation-3: -The four functions of an entrepreneur are – Innovation & creativity, Risk taking and achievement, organization & management and other functions.
Detailed explanation-4: -The various functions of entrepreneurship are Innovation and creativity, Risk taking and achievement and organization and management, Catalyst of Economic Development, Overcoming Resistance to Change and Research.