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Which of the Following Scenarios Best Illustrates an Entrepreneur

Question 109

Multiple Choice

Which of the following scenarios best illustrates an entrepreneur?


A) Jackson launched his business in the residential construction industry in 2006, but lost everything in 2007 when the market changed. As he regroups, he formulates a philosophy that failure is a beginning for him, and not an end. As he clears away the rubble of his disaster, he begins to build a new enterprise.
B) Jewel launched into the film business by crafting a successful independent film. Unfortunately for her, revenues were not sufficient for her to pay off her hefty equipment and travel debts. As she files for bankruptcy, she reads the classifieds and vows, to never go back.
C) Mike's Metronome Manufacturing, LLC has specialized in timekeeping devices for musicians for several decades. Mike passed away and left the operation to his sons. They in turn run it competently, but it gradually loses market share because its product line is no longer innovative since Mike died.
D) Basil's great grandfather left him a considerable inheritance, which is managed by several hundred different men at different agencies, including a philanthropic institution that provides venture capital to startup companies. Basil lives quite comfortably and is very grateful to his late grandfather.

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