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Management Entrepreneurship And Innovation Difficulty: Medium

According to the Payment of Bonus Act, 1965, the method of calculation of profit for a company other than banking company is mentioned in which schedule of the act? Match the items of List-II with the items of List-I. List-I List-II a. Entrepreneurship is essentially a creative activity 1. Fransis A. Walker b. An entrepreneur is an organiser and coordinator of various factors of production 2. Peter F. Drucker c. An entrepreneur is one who always searches for change, responds to it, and exploits it as an opportunity 3. Joseph Schumpeter The Law of equi-marginal utility tells that if price of commodity falls According to which theory one country may be more efficient in producing a particular goods than another country and that another country may be capable of producing some other goods more efficiently than the first one? Communication following strict lines of authority and reporting relationships is known as