Which of the following is the best definition of an entrepreneur?
A) an individual who is highly educated
B) an organizer who seeks profitable opportunities and is willing to accept risks
C) a person who generally works an eight-hour day
D) an administrator who runs an enterprise without accepting any risk of financial loss

Question

Which of the following is the best definition of an entrepreneur?  
A) an individual who is highly educated 
B) an organizer who seeks profitable opportunities and is willing to accept risks 
C) a person who generally works an eight-hour day 
D) an administrator who runs an enterprise without accepting any risk of financial loss

Quizplus · Accepted Answer

An entrepreneur is someone who identifies and organizes profitable business opportunities and is willing to take on risks to bring those opportunities to fruition. Educational background is not a defining characteristic of an entrepreneur. Working hours or job title are also not relevant to the definition. On the other hand, taking risks to create and run a business venture is a fundamental aspect of entrepreneurship.

Which of the Following Is the Best Definition of an Entrepreneur