Evaluating Entrepreneurial and Intrapreneurial Statements

Statement I: An Intrapreneur is not sensitive to corporate hierarchy.

• Analysis: False.
• Intrapreneurs work within established organizations and must navigate the existing corporate hierarchy. Gaining approval and resources requires sensitivity to the organizational structure and decision-making processes.

Statement II: Risk and return trade-off is the main-basis for entrepreneurial behaviour.

• Analysis: True.
• Entrepreneurs are motivated by the potential for rewards (return) that compensate for the significant risks (financial, personal, professional) they undertake. This risk-return trade-off is central to their decision-making.

Statement III: Entrepreneurs seek autonomy and freedom in their decision-making process.

• Analysis: True.
• A key characteristic of entrepreneurs is the desire for autonomy and independence. They want the freedom to make strategic decisions and control their ventures.

Statement IV: Intrapreneurs are expected to sell their ideas to their own organizations at first.

• Analysis: True.
• Before an intrapreneur can develop or implement an idea, they must secure internal support, funding, and approval from management within their own company. This involves effectively pitching and 'selling' the idea internally.

Conclusion on Statements

Statement I is false because intrapreneurs must be sensitive to hierarchy. Statements II, III, and IV are true as they reflect core principles of entrepreneurship and intrapreneurship.

Therefore, the correct option is the one stating that only Statement I is false, and the others are true.