ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Money is the symbol of a non-monetary reward to an entrepreneur.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -A successful entrepreneur would focus on the future and be sensitive towards any changes. Money is the symbol of a non-monetary reward to an entrepreneur. The attitudes that an entrepreneur should possess are law, managements, economics, values, business and culture. they try to overcome competitors using various ways.

Detailed explanation-2: -4. Entrepreneur: Profit is the reward for an entrepreneur.

Detailed explanation-3: -An entrepreneur becomes an entrepreneur because he wants to create something that he thinks must happen. If you want to create something, money is a part of it. Without money, no activity moves properly in today’s world. So money is just another one of the materials to make things happen.

Detailed explanation-4: -Profit is an exclusive reward for the entrepreneur, for making business decision under unpredictable and uncertain economic condition.

There is 1 question to complete.