An entrepreneur is:
A)an individual who has an education.
B)an organizer who seeks profitable opportunities and is willing to accept risks.
C)a person who is hired by a firm to manage its operations.
D)a person who earns profit without accepting any risks.
E)a person who is appointed by the board of directors of a firm for a term of five years.

Question

Quizplus · Accepted Answer

An entrepreneur is someone who seeks profitable opportunities and is willing to accept risks in order to organize, manage, and develop a business or venture. Having an education may be helpful but it is not a defining characteristic of an entrepreneur, and being hired or appointed by a firm does not typically qualify as entrepreneurship. Earning profit without accepting any risks also does not align with the definition of entrepreneurship.

An Entrepreneur Is