General Studies · Entrepreneurship Development
Which of the following statements INCORRECTLY describes the core difference between entrepreneurship and management?
- 1Entrepreneurs establish the enterprise, while managers run its operations.
- 2Entrepreneurs are owners, while managers are employed professionals.
- 3Entrepreneurs receive profits as reward, while managers receive salary.
- 4Entrepreneurship is a one-time job, whereas management is an ongoing process.✓
Correct answer
Entrepreneurship is a one-time job, whereas management is an ongoing process.
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