Entrepreneurship is best defined as:
A) gambling.
B) risking money to make profit.
C) innovation.
D) the management of people.

Question

Quizplus · Accepted Answer

Entrepreneurship involves taking on financial risk in order to create a business or venture with the goal of making a profit. Innovation and management skills may also be necessary for success, but the primary defining characteristic of entrepreneurship is the willingness to take on risk and invest resources in pursuit of profit. It is not simply gambling as success is typically based on calculated risks and strategic decision-making.

Entrepreneurship Is Best Defined As