47. The terms entrepreneur and owner manager is used interchangeable and describes a person that...
(A) Manages a small business
(B) That starts up a small business
(C) That starts up and manages a small business
(D) All statements are incorrect
Answers
Answer:
Entrepreneurs vs Managers. ... An entrepreneur is the owner of the company whereas a Manager is the employee of the company. Entrepreneur is a risk taker, they take financial risk for their enterprise. The entrepreneur has a vision and focuses on achievements and profit.
The terms entrepreneur and owner-manager is used interchangeable and describe a person that...
(A) Manages a small business
(B) That starts up a small business
(C) That starts up and manages a small business
(D) All statements are correct
The correct answer is :
(D) All statements are correct
Explanation :
The terms entrepreneur and owner-manager is used interchangeable and describe a person that manages a small business, that starts up a small business and that starts up and manages a small business.
So all three statements are correct.
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