A(n)________ is an individual who accepts the risks and opportunities entailed by creating and operating a new business.
A) proprietor
B) entrepreneur
C) partner
D) officer

Question

Quizplus · Accepted Answer

The definition provided fits that of an entrepreneur, who takes the initiative to start a new business and is willing to take the risks and reap the benefits. Proprietors typically refer to individuals who own and run small businesses without necessarily innovating or taking significant risks. Partners typically work together with one or more individuals to start or operate the business, while officers are appointed to manage the affairs of a company.

A(n)________ Is an Individual Who Accepts the Risks and Opportunities