What Are the Main Differences Between an Entrepreneurial and a Managerial

question 4

Multiple Choice

What are the main differences between an entrepreneurial and a managerial successor in any business?

• A)An entrepreneurial successor is highly gifted with ingenuity,creativity and drive; a managerial successor is interested in efficiency,internal control and the effective use of resources
• B)An entrepreneur cannot be a manager as a successor
• C)A managerial successor will value innovation over administration
• D)There are no differences between the two

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Definitions:

Mental Ability Test

A standardized assessment designed to measure a person's cognitive abilities, intelligence, or specific aptitudes.

Problem Solving

The process of working through details of an issue to reach a solution.

Representativeness Heuristic

A cognitive shortcut in which the likelihood of an object belonging to a category is evaluated based on how similar it is to a typical object from that category.

Algorithms

Step-by-step procedures or formulas for solving problems or completing tasks, used in mathematics and computer programming.