Commerce Exam > Commerce Questions > “An Entrepreneur alone determines the l...
Start Learning for Free
“An Entrepreneur alone determines the lines of business to expand and capital to employ.”
Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?
- a)Risk Taking
- b)Organisation Building
- c)Innovation
- d)Production
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
“An Entrepreneur alone determines the lines of business to expan...
Risk Taking
Entrepreneurs are known for their willingness to take risks in order to achieve their business goals. This can involve financial risks, such as investing capital in new ventures or expanding into different lines of business. The quoted lines do not specifically highlight risk-taking as the main function of an entrepreneur.
Organisation Building
The highlighted function in the quoted lines is organisation building. Entrepreneurs play a crucial role in determining the structure and direction of their businesses. They decide which lines of business to expand into and how to allocate resources effectively. By making these decisions, entrepreneurs are actively involved in building and shaping their organisations.
Innovation
While innovation is an important aspect of entrepreneurship, the quoted lines do not specifically focus on this function. Innovation involves coming up with new ideas, products, or services to meet the needs of customers and stay ahead of the competition.
Production
Production is another key function of entrepreneurship, involving the creation of goods or services to be sold in the market. However, the quoted lines do not directly relate to the production aspect of entrepreneurship. Instead, they emphasize the entrepreneur's role in determining the lines of business to expand and the capital to employ.
Entrepreneurs are known for their willingness to take risks in order to achieve their business goals. This can involve financial risks, such as investing capital in new ventures or expanding into different lines of business. The quoted lines do not specifically highlight risk-taking as the main function of an entrepreneur.
Organisation Building
The highlighted function in the quoted lines is organisation building. Entrepreneurs play a crucial role in determining the structure and direction of their businesses. They decide which lines of business to expand into and how to allocate resources effectively. By making these decisions, entrepreneurs are actively involved in building and shaping their organisations.
Innovation
While innovation is an important aspect of entrepreneurship, the quoted lines do not specifically focus on this function. Innovation involves coming up with new ideas, products, or services to meet the needs of customers and stay ahead of the competition.
Production
Production is another key function of entrepreneurship, involving the creation of goods or services to be sold in the market. However, the quoted lines do not directly relate to the production aspect of entrepreneurship. Instead, they emphasize the entrepreneur's role in determining the lines of business to expand and the capital to employ.
Free Test
FREE
| Start Free Test |
Community Answer
“An Entrepreneur alone determines the lines of business to expan...
Organisation Building
- The highlighted lines suggest that the entrepreneur alone determines the lines of business to expand and capital to employ.
- This indicates that the entrepreneur is responsible for making decisions about the overall structure and organization of the business.
- Organization building involves establishing the framework and structure of the business, including determining the lines of business to expand into and the resources needed to support that expansion.
- It encompasses activities such as strategic planning, resource allocation, and decision-making about the business's direction.
- By highlighting the entrepreneur's role in determining the lines of business and capital to employ, the quoted lines emphasize the importance of organization building as an entrepreneurial function.
- The highlighted lines suggest that the entrepreneur alone determines the lines of business to expand and capital to employ.
- This indicates that the entrepreneur is responsible for making decisions about the overall structure and organization of the business.
- Organization building involves establishing the framework and structure of the business, including determining the lines of business to expand into and the resources needed to support that expansion.
- It encompasses activities such as strategic planning, resource allocation, and decision-making about the business's direction.
- By highlighting the entrepreneur's role in determining the lines of business and capital to employ, the quoted lines emphasize the importance of organization building as an entrepreneurial function.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
“An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer?
Question Description
“An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer?.
“An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer?.
Solutions for “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
“An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice “An Entrepreneur alone determines the lines of business to expand and capital to employ.”Which of the following Entrepreneurial function of an Entrepreneur is highlighted in Quoted lines?a)Risk Takingb)Organisation Buildingc)Innovationd)ProductionCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup