General Studies · Entrepreneurship Theories
Consider the following statements: 1. Frank H. Knight distinguished between measurable risk and unmeasurable uncertainty in entrepreneurship. 2. Israel Kirzner emphasized innovation as the central function of the entrepreneur. 3. McClelland linked entrepreneurship to the psychological need for achievement (n-Ach). 4. Schumpeter considered the entrepreneur primarily as a risk-bearer. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 3 and 4 only
- 22 and 4 only
- 31, 2 and 3 only
- 41 and 3 only✓
Correct answer
1 and 3 only
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