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Question
Write short notes on Risk and uncertainty-bearing function of an entrepreneur.
Solution
An entrepreneur performs the function of bearing the risks in the business. Every business is subject to variety of risks, such as the risk of failure of the business, risk of loss due to uncertain events etc. Some of these risks are insurable, while some are non-insurable. The insurable risks include the risk of death, risk of burglary, risk of fire etc. On the other hand, risks arising out of a change in government policies, changes in the demand for a product etc. are a part of the non-insurable risks.
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RELATED QUESTIONS
An entrepreneur is called a leader of the organization.
Functions of an Entrepreneur.
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Entrepreneur
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Write answer in 'one' or 'two' paragraph :
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Answer in detail
Entrepreneur is the 'captain of an industry', explain.
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Insurable risk and non-insurable risk
Distinguish between the following:
Labour and entrepreneur
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Entrepreneur
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The entrepreneur is called a leader of the organization.
Match the following:
|
Group A
|
Group B
|
| 1. Production |
a. Profit
|
| 2. Land |
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|
| 3. Labour |
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|
| 4. Reward of capital |
d. Rent
|
| 5. Reward of entrepreneur |
e. Interest
|
|
|
f. Wages |
Fill in the blank with appropriate alternative given below
__________ is a leader of organisation.
