Question on: JAMB Commerce - 2002

The major responsibility of an entrepreneur is planning and organizing all activities in the business. Here's why: * **Planning and organizing:** Entrepreneurs are primarily responsible for setting the direction of the business (planning) and structuring resources and tasks to achieve those goals (organizing). * **Employing factors of production:** While entrepreneurs do employ factors of production, it's a part of the overall process, not the major responsibility. * **Coordinating and determining the proportion of what to produce:** This is a key function but falls within the broader responsibility of planning and organizing. * **Directing and controlling all the affairs of the business:** This is also a critical part of the entrepreneur's role but is included within the overall planning and organizing responsibilities.