Question 15 of 17beginner💡 UnderstandMCQ1 mark

Which of the statements is/are true with respect to entrepreneurship? (i) Entrepreneur is an individual who undertakes an activity foreseeing business opportunity. (ii) He/She organises resources needed for starting the enterprise and also bears the risk involved in the process. (iii) There are three prominent roles that an entrepreneur fulfils that of an innovator, organiser and a risk bearer.

Exercise: EXERCISES | Q: 19 | (Page 19)
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Explanation

Option (D) is correct because all three statements accurately define the concept and roles of an entrepreneur based on the text. Statement (i) is true as the text defines an entrepreneur as an individual who undertakes an activity foreseeing business opportunity. Statement (ii) is true because the text states that an entrepreneur organises resources needed for starting the enterprise and also bears the risk involved in the process. Statement (iii) is true as the text explicitly mentions that there are three prominent roles that an entrepreneur fulfils: an innovator, an organiser, and a risk bearer.