# Who is faced with more income uncertainties?

An entrepreneur

##### SOLUTION
An entrepreneur takes much risk to establish a business. He invest in his business with an uncertainty of returns . An entrepreneur faces income uncertainties as he is the owner not the employee.

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Single Correct Medium Published on 18th 08, 2020
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 218

#### Realted Questions

Q1 Single Correct Hard
Identify which of the following statement is true.
(W) Leibenstein claims that the dominant, necessary characteristics of entrepreneurs is that they are gap - fillers.
(X) Kirzner suggests that the process of innovation is actually of spontaneous "undeliberate learning".
(Y) Knight claims that an entrepreneur will be able to bear the risk of a new venture if he believes that there is a significant chance of profits.
(Z) Marshall, however, implies that people can be taught to acquire the abilities that are necessary to be an entrepreneur.
Select the correct answer from the options given below -
• A. (W) & (X)
• B. (Y) & (Z)
• C. (W), (X) & (Z)
• D. (W), (X), (Y) & (Z)

1 Verified Answer | Published on 18th 08, 2020

Q2 Single Correct Hard
Which amongst the following is not related to the Principle of innovation by Steve Jobs?
• A. Put a dent in the universe
• B. Sell dreams not products
• C. Say no to 100 things
• D. Do what you love

1 Verified Answer | Published on 18th 08, 2020

Q3 Single Correct Medium
What does the letter $E$ stand for in the PEST framework for environment analysis?
• A. Ethical
• B. Ecological
• C. Educational
• D. Economic factors

1 Verified Answer | Published on 18th 08, 2020

Q4 Single Correct Medium
After the idea generation, the next process in entrepreneurship that follows is _____.
• A. improving standards of living
• B. development of managerial capabilities
• C. feasibility study
• D. creation of organisations

1 Verified Answer | Published on 18th 08, 2020

Q5 Single Correct Hard
Which of the following is not the characteristics of entrepreneurship.
• A. Innovation
• B. Organising skills
• C. Indifference approach
• D. Risk-taking