1.

Distinguish between the following. Entrepreneur and manager.

Answer»
Basis of DifferenceEntrepreneurManager
StatusIs the owner of a business.Is not the owner of any business but works as an employee in the organisation.
Qualification requiredShould be hardworking and optimistic.Educational or technical skills are required.
MotiveThe motive of an entrepreneur is to successfully run the organisation.The motive of a manager is to give services to the organisation.
BenefitsEarns profit.Earns a fixed salary.
Risk bearingThe risk related to the business is borne by the entrepreneur.The manager does not bear any risk of the business.
Decision makingHas the power to take decisions on the organisation's behalf.Does not have the authority to take decisions on the organisation’s behalf.



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