Question

1. The first person who introduced the term entrepreneur is:
(a) Adam Smith
(c) Richand Cantillon
(b) Peter F. Drucker
(d) Joseph Schumpter​

Answer 1

Explanation:

Entrepreneur is a French word probably coined by the economist Jean-Baptiste Say from the word entreprendre, which is usually translated as "undertaker" or "adventurer." Say studied Smith's book and, while agreeing on all points, found that the omission of enterprising businessmen was a serious flaw.

Answer 2

Peter Ferdinand Drucker was a management advisor, educator, and author. He invented the term entrepreneur.

Explanation:

• Peter Ferdinand Drucker was a management advisor, educator, and author. He invented the term entrepreneur.
• He was a leader in the development of management education, he invented the conception identified as management by objectives and self-control.
• Drucker's books and scholarly and well-liked articles explored however humans square measure organized across the business, government, and nonprofit sectors of society.
• He is one of the best-known and most generally authoritative thinkers and writers on the topic of management theory and observation.
• His writings have forecasted several of the major developments of the late twentieth century which include privatization and decentralization; the rise of Japan to economic world power; the decisive importance of marketing; and therefore the emergence of the data society with its necessity of long learning.
• Around 1959, Drucker invented the term "knowledge worker," and later in his life considered knowledge-worker productivity to be the next frontier of management.