McqMate
| Q. |
Which is the most essential function of an entrepreneur? |
| A. | Supervision |
| B. | Management |
| C. | Marketing |
| D. | Risk bearing |
| Answer» D. Risk bearing | |
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Explanation: An entrepreneur performs a series of functions necessary right from the genesis of an idea up to the establishment and effective operation of an enterprise. The functions of an entrepreneur as risk bearer are specific in nature. The entrepreneur assumes all possible risks of business which emerges due to the possibility of changes in the tastes of consumers, modem techniques of production and new inventions. Such risks are not insurable and incalculable. In simple terms such risks are known as uncertainty concerning a loss. |
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