Question

Duty of entrepreneur is

• A. Over-charging
• B. Tax evasion
• C. Environmental pollution
• D. None of these

Hint:

Questions about duties or responsibilities often include options that are clearly negative or illegal. Quickly eliminate these to arrive at the correct answer. An entrepreneur's duties are always constructive and legal.

Answer 1

The Correct Option is D

Step 1: Understanding the Question:
The question asks to identify a duty of an entrepreneur from the given list of activities.
Step 2: Analysis of Options:
Let's evaluate each option to see if it represents a duty or a responsibility.

(A) Over-charging: This is the practice of charging an unfairly high price for goods or services. It is an unethical business practice, not a duty.

(B) Tax evasion: This is the illegal non-payment or under-payment of taxes. It is a criminal offense, and the opposite of an entrepreneur's duty to pay taxes honestly.

(C) Environmental pollution: Causing harm to the environment is socially irresponsible and often illegal. An entrepreneur has a social responsibility to minimize pollution, not a duty to create it.

The duties of an entrepreneur include activities like creating value, generating employment, innovating, paying taxes, contributing to economic development, and acting in a socially responsible manner.
Step 3: Final Answer:
All the given options (A, B, and C) are unethical, illegal, or socially irresponsible actions. None of them represent a duty of an entrepreneur. Therefore, the correct answer is (D) None of these.