Which of the following describes an entrepreneur?
A) Richard Ames,an investor in Red Raider,which is run by his two partners
B) Chad Olsen,who hired a consulting firm to research his business idea and help him set up Help-Doc,which he now manages
C) James Hill,who owns Midtown TV but works as a Motorola engineer
D) Sidney Pell,who runs Midtown TV for its owner,James Hill
E) None of these choices

Question

Quizplus · Accepted Answer

An entrepreneur is someone who starts and manages their own business venture, taking on financial risk in the hopes of making a profit. Out of the choices given, only Chad Olsen fits this description as he hired a consulting firm to help him set up his business, and he now manages it. Richard Ames is an investor in a business run by his partners, James Hill owns a business but also works as an engineer, and Sidney Pell runs a business for its owner. None of these options involve starting a new business venture, which is a key component of entrepreneurship.

Which of the Following Describes an Entrepreneur