Final answer:
Entrepreneurs during the Industrial Revolution organized and operated businesses, assuming the associated risks.
Step-by-step explanation:
The correct statement that describes entrepreneurs during the Industrial Revolution is option C: Organized and operated a business. They also assume the risks of the business.
During the Industrial Revolution, entrepreneurs played a crucial role in the development of the new industrial economy. They established and managed businesses, taking on the risks associated with them. These entrepreneurs were innovative and sought opportunities to create and grow enterprises in various industries.
Examples of famous entrepreneurs during the Industrial Revolution include Andrew Carnegie, who built a steel empire, and John D. Rockefeller, who became a dominant figure in the oil industry.
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