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Consider the following statements:
Statement I: An Intrapreneur is not sensitive to corporate hierarchy.
Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.
Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.
Statement IV: Intrapreneurs are expected to sell their ideas to their own organisations at first.
  • a)
    Only Statement I is true, others are false.
  • b)
    Only Statement I is false, others are true.
  • c)
    Statements I and IV are true, Statements II and III are false.
  • d)
    Statements II and III are true, Statements I and IV are false.
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement I: An Intrapreneur is not...
Explanation:

Statement I: An Intrapreneur is not sensitive to corporate hierarchy.
An intrapreneur is an employee within a company who behaves like an entrepreneur, taking risks and showing initiative to create new products, processes, or services within the organization. Intrapreneurs are generally not bound by corporate hierarchies and are given the freedom to explore and implement their ideas. Therefore, Statement I is false.

Statement II: Risk and return trade-off is the main basis for entrepreneurial behavior.
Entrepreneurs are individuals who take risks to start new businesses or ventures. Risk and return trade-off is indeed an important aspect of entrepreneurial behavior. Entrepreneurs are willing to take calculated risks in order to achieve higher returns. They understand that higher risks may lead to higher rewards. Therefore, Statement II is true.

Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.
Autonomy and freedom are key factors that drive entrepreneurs. They want to be in control of their own decisions and actions. They want to have the freedom to innovate, take risks, and shape the direction of their ventures. Therefore, Statement III is true.

Statement IV: Intrapreneurs are expected to sell their ideas to their own organizations at first.
Intrapreneurs are individuals who work within an organization and seek to bring about innovative ideas and changes. They are expected to pitch and sell their ideas to their own organization first, in order to gain support and resources for their projects. Therefore, Statement IV is true.

Conclusion:
From the above analysis, we can conclude that:
- Statement I is false.
- Statement II is true.
- Statement III is true.
- Statement IV is true.

Therefore, the correct answer is option 'B' - Only Statement I is false, others are true.
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Community Answer
Consider the following statements:Statement I: An Intrapreneur is not...
An intrapreneur is an employee who is tasked with developing an innovative idea or project within a company. He is sensitive to corporate hierarchy. The intrapreneur typically has directly applicable skills and experience to bring to the job. They are expected to sell their ideas to their own organisations at first.
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. They seek autonomy and freedom in their decision-making process.
Entrepreneurship is a process of actions of an entrepreneur who is a person always in search of something new and exploits such ideas into gainful opportunities by accepting the risk and uncertainty with the enterprise.
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Read the following passage to answer the Questions. Choose the correct option in each of the questions.We define the entrepreneur as an individual who identifies opportunities, and on the basis of his/her ability, desire and confidence, makes judgements and decisions pertaining to the coordination of resources in order to exploit those opportunities for personal gain. Personal gain in this context could be financial, fame, prestige or satisfaction from helping other people. This definition extends the concept beyond the narrow limits of profit maximization. It is important to note that entrepreneurial decision making is distinct from routine managerial / administrative decision making by corporate executives. However, this definition does include innovative venture decisions by executives and others in an already existing organization as legitimate entrepreneurial function. The entrepreneurial function consists of three main elements: recognition of opportunities, judgemental decision and coordination of resources. In terms of organization, the entrepreneur will be involved in risk bearing, autonomous decision making and residual claims.Every person is potentially an entrepreneur. However, the extent of its manifestation in actual entrepreneurial activities, business or otherwise, is a matter of political, social, economic, cultural and ideological influences. Put differently, every human being has an innate ability to become an entrepreneur even though this ability is not always translated into action because of a variety of limiting factors. This observation allows us to propose that there are more than 5 billion entrepreneurs in this world, even though this conjecture may not have been fully manifested in the practical world of business.If there are more than 5 billion entrepreneurs in this world, how is it that there is such a dearth of entrepreneurs in the world of business? This is an important question in view of the fact that business communities, academia and policy makers in the public realm have begun to talk about possibilities for fostering entrepreneurial growth in the global economy.Q. Which of the following statements is NOT correct, according to the passage?

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Consider the following statements:Statement I: An Intrapreneur is not sensitive to corporate hierarchy.Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.Statement IV: Intrapreneurs are expected to sell their ideas to their own organisations at first.a)Only Statement I is true, others are false.b)Only Statement I is false, others are true.c)Statements I and IV are true, Statements II and III are false.d)Statements II and III are true, Statements I and IV are false.Correct answer is option 'B'. Can you explain this answer?
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Consider the following statements:Statement I: An Intrapreneur is not sensitive to corporate hierarchy.Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.Statement IV: Intrapreneurs are expected to sell their ideas to their own organisations at first.a)Only Statement I is true, others are false.b)Only Statement I is false, others are true.c)Statements I and IV are true, Statements II and III are false.d)Statements II and III are true, Statements I and IV are false.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Consider the following statements:Statement I: An Intrapreneur is not sensitive to corporate hierarchy.Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.Statement IV: Intrapreneurs are expected to sell their ideas to their own organisations at first.a)Only Statement I is true, others are false.b)Only Statement I is false, others are true.c)Statements I and IV are true, Statements II and III are false.d)Statements II and III are true, Statements I and IV are false.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement I: An Intrapreneur is not sensitive to corporate hierarchy.Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.Statement IV: Intrapreneurs are expected to sell their ideas to their own organisations at first.a)Only Statement I is true, others are false.b)Only Statement I is false, others are true.c)Statements I and IV are true, Statements II and III are false.d)Statements II and III are true, Statements I and IV are false.Correct answer is option 'B'. Can you explain this answer?.
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