Point out any two points of difference between organiser and entrepren

1.	Point out any two points of difference between organiser and entrepreneur.
Answer» The functions of organisation and enterprise are different. The joint-stock company is the most typical business unit in which the organisation is undertaken by a paid manager and enterprise by shareholders. The functions of organisation and risk-bearing are theoretically separate. Organisers supervise and administer business while entrepreneurs take a risk. The entrepreneurs are the owners of the business and the organisers are the employees of the business. The organisers get a salary for the services they render to the business, the entrepreneurs get profits for taking risks and get nothing if the business does not make any profit. The entrepreneurs bear losses when the business runs into a loss.

Point out any two points of difference between organiser and entrepreneur.

Answer»

The functions of organisation and enterprise are different. The joint-stock company is the most typical business unit in which the organisation is undertaken by a paid manager and enterprise by shareholders. The functions of organisation and risk-bearing are theoretically separate. Organisers supervise and administer business while entrepreneurs take a risk.

The entrepreneurs are the owners of the business and the organisers are the employees of the business.

The organisers get a salary for the services they render to the business, the entrepreneurs get profits for taking risks and get nothing if the business does not make any profit. The entrepreneurs bear losses when the business runs into a loss.

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