Question

Match List I with List II

List I (Profession)	List II (Task‐ Outcome)
(A) Entrepreneur	(i) Utility Maximization
(B) Manager	(ii) Get the work done
(C) Retailer	(iii) Calculated Risk taking
(D) Customer	(iv) Value Addition

Choose the correct answer from the options given below:

• A. (A)‐(iii), (B)‐(ii), (C)‐(iv), (D)‐(i)
• B. (A)‐(ii), (B)‐(iii), (C)‐(iv), (D)‐(i)
• C. (A)‐(iv), (B)‐(ii), (C)‐(i), (D)‐(iii)
• D. (A)‐(iii), (B)‐(ii), (C)‐(i), (D)‐(iv)

Answer 1

The Correct Option is A

The question requires matching List I with List II, linking professions with their typical task-outcomes. We need to find the correct pairing based on the provided descriptions:

1. Entrepreneur: Entrepreneurs are primarily known for their ability to take calculated risks as they invest in opportunities with uncertain outcomes for potential growth and impact. Therefore, the correct match for Entrepreneur is Calculated Risk Taking, which corresponds to (iii).
2. Manager: Managers are generally focused on organizing resources and leading teams to ensure that tasks and projects are completed effectively. Hence, their key outcome is to Get the work done, matching with (ii).
3. Retailer: Retailers play a significant role in enhancing the product value to the customer by distributing goods effectively. This aligns with Value Addition, mapping to (iv).
4. Customer: Customers aim to maximize the utility or satisfaction they derive from purchasing goods and services. Thus, they are associated with Utility Maximization, matching with (i).

Thus, the correct answer is: (A)‐(iii), (B)‐(ii), (C)‐(iv), (D)‐(i).