Which single function of an entrepreneur cannot be delegated to paid managers and is therefore regarded as the most important?

1. Nearly all entrepreneurial functions can be entrusted to paid managers, but risk bearing cannot be delegated to anyone. 2. The ultimate responsibility for the firm's survival lies with the entrepreneur who bears uncertainty. 3. So risk and uncertainty bearing is the function that stays with the entrepreneur. 4. Record-keeping, supervision and hiring inputs are routine or organisational tasks that a manager can perform. _Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 3 Unit I "Theory of Production", p.8_