An entrepreneur:
A) always makes a profit.
B) is appointed by the board of directors to manage the operations of a firm.
C) is a profit-seeking decision maker.
D) is a parasite that benefits by not paying other resources for their services.
E) is the manager who runs an enterprise and keeps the customers happy.

Question

Quizplus · Accepted Answer

An entrepreneur is defined by their role as a profit-seeking decision maker. While they may not always make a profit, their primary focus is on creating and running businesses that generate revenue. The other options are incorrect, as not all entrepreneurs make a profit, they are not appointed by the board of directors, they are not parasites, and keeping customers happy may be a part of their job, but it is not the only defining factor of being an entrepreneur.

An Entrepreneur