Question

Which one in not function of an entrepreneuer?
(a) Turning ideas into action
(b) Feasibility study
(c) Resourcing
(d) Shutting down the existing business

Answer 1

Answer:

D) shutting down the existing business

Answer 2

Shutting down the existing business is not a function of an entrepreneur.

Answer: Option d

Explanation:

Entrepreneur perform three major functions  

1. Organization

2. Management

3. risk-bearing

They must hire the other three factors and use them in the correct proportion. These are the routine functions of the entrepreneur. These functions can be performed by efficient workers. But the specialty of the Entrepreneur is uncertainty-bearing and rick-taking. In fact, risk inevitably arises due to the fact that resources must be committed to production before the output can be sold.