Match the items of List – I with those of List – II. List-IList-II (a) Social change (i) The…
Max Weber's social change theory holds that entrepreneurial energies are generated by exogenously supplied religious beliefs (a-iii); Hagen's status withdrawal theory says a…
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Match the items of List – I with those of List – II.
| List-I | List-II |
|---|---|
| (a) Social change | (i) The introduction of a new product which consumers are not yet familiar. |
| (b) Status withdrawal theory | (ii) Individuals with high need achievement will not be motivated by monetary incentives but that monetary rewards will constitute a symbol of achievement for them. |
| (c) Achievement theory | (iii) Driving entrepreneurial energies are generated by the adoption of exogenously supplied religious beliefs. |
| (d) Innovation theory | (iv) A class which lost its previous prestige or a minority group tends to show aggressive entrepreneurial drive. |
Answer and explanation
Correct answer B
Max Weber's social change theory holds that entrepreneurial energies are generated by exogenously supplied religious beliefs (a-iii); Hagen's status withdrawal theory says a class that lost its prestige or a minority group shows aggressive entrepreneurial drive (b-iv); McClelland's achievement theory treats monetary rewards as a symbol of achievement for high achievers (c-ii); and Schumpeter's innovation theory centres on introducing new products (d-i).
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