Discussion
Assertion (A) : Role of entrepreneur and manager is the same.
Reason (R) : Both are risk takers and work for profit for an organizations.
Codes :
Answer: B
Both statements are incorrect. The roles of an entrepreneur and a manager are not the same: the entrepreneur starts the enterprise, takes risk and innovates, while the manager runs it and works for a salary. The Reason is also incorrect, because managers do not usually bear the risk of the business. So option B is correct. An entrepreneur is an innovator and owner who organises the enterprise and bears the risk of profit or loss, whereas a manager is an employee who carries out the plan and is paid a salary. Because the roles differ, the claim in the Assertion fails.
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