An entrepreneur:
A)always makes a profit.
B)generally avoids risky situations.
C)claims the profit after other resource suppliers are compensated.
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 someone who starts and runs a business venture, taking on financial risk in the hope of making a profit. They typically use their own resources or secure funding from investors to start the business, and may also employ other resources such as labor and materials. After paying these other resources, the entrepreneur claims the profit that remains as their just reward for taking on the risk of starting and running the business. Therefore, C is the best choice. A is incorrect because not all entrepreneurs make a profit, especially in the early stages of a business. B is incorrect because most entrepreneurs are willing to take calculated risks in order to achieve their goals. D is incorrect because entrepreneurs cannot function as parasites - they need other resources to help them start and run their businesses. E is incorrect because while entrepreneurs may manage the business and focus on customer satisfaction, that is not the only or necessarily the defining characteristic of entrepreneurship.

An Entrepreneur