Advertisements
Advertisements
Question
When an entrepreneur appoints managers and supervisors, which function is he performing?
Options
Innovation
Planning
Delegation
Risk bearing
Solution
Delegation
Explanation:
Delegation refers to the process by which an entrepreneur assigns responsibility and authority to managers and supervisors to carry out specific tasks. By appointing managers and supervisors, the entrepreneur is delegating tasks and responsibilities to ensure efficient management and operation of the business.
APPEARS IN
RELATED QUESTIONS
'One of the most important functions of an entrepreneur is to bear the risk associated with the business'. Explain the statement.
Which of these is not a function of an entrepreneur?
An entrepreneur's income can be negative.
Innovation is the implementation of new ideas and changes into reality-this function is carried out by ______.
Define an entrepreneur.
State two important functions of an Entrepreneur.
