UPMSP Vocational General Foundation Practice Questions - Uttar Pradesh UPMSP Intermediate (Class 12) Vocational General Foundation - Code 201 Exam

What is the fundamental difference between an entrepreneur and a traditional business manager?

An entrepreneur assumes financial risk to create a new enterprise, whereas a manager manages existing resources for a salary An entrepreneur only works in large government corporations, whereas a manager works in small businesses An entrepreneur avoids taking any risks, whereas a manager takes all financial risks An entrepreneur handles daily routine paperwork, whereas a manager invents new products

Correct Answer:

An entrepreneur assumes financial risk to create a new enterprise, whereas a manager manages existing resources for a salary

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