An entrepreneur:
A)is a risk taker in the private enterprise system.
B)is a gambler in the private enterprise system.
C)does not tolerate ambiguity.
D)does not tolerate failures.

Question

Quizplus · Accepted Answer

An entrepreneur is someone who takes risks in the private enterprise system in order to create and manage a business venture. They are willing to take risks with their own money, time and reputation in order to create something new or improve upon an existing product or service. While failure is always a possibility, entrepreneurs understand that this is a part of the process and are willing to learn from their mistakes in order to keep moving forward. Therefore, options B, C and D are incorrect.

An Entrepreneur