Question

An entrepreneur is a _____.

new business that creates a product that raises the standard of living
person who administers career tests
person who takes a risk to create a new product or develop a better way to operate a business
person who completes tax return forms for individuals

Answer 1

An entrepreneur is a someone who organizes and conducts a business, and taking great financial risks.

Answer 2

The correct answer would be option C, A person who takes a risk to create a new product or develop a better way to operate a business.

Explanation:

An entrepreneur is a person who starts a new business alone. An Entrepreneur is responsible for all the profits and losses of the business. He takes risks in the hope of earning profits. He introduces new products in the market and develops better ways to operate a business. He is solely liable for all his decisions and the resulting profit or losses. Entrepreneurs are usually hard working, strong decision makers, risk takers, and highly innovative people.