ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Organizes, leads, manages, and assumes the risks of a business
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Makes mass amounts of money
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Is very controlling and close-minded
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You would not want to work for
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Detailed explanation-1: -The definition of an entrepreneur states that it is “one who organizes, manages, and assumes the risks of a business or venture”; which entails that an entrepreneur is someone who manages an enterprise, and assumes various risks in the process.
Detailed explanation-2: -An entrepreneur is someone who organizes, manages, and assumes the risks of a business or enterprise.
Detailed explanation-3: -The Merriam-Webster Dictionary defines an entrepreneur as: “one who organizes, manages and assumes the risk of a business or enterprise".
Detailed explanation-4: -An entrepreneur is someone who has an idea and who works to create a product or service that people will buy, as well as an organization to support that effort. An entrepreneur takes on most of the risk and initiative for their new business, and is often seen as a visionary or innovator.
Detailed explanation-5: -The Merriam-Webster Dictionary defines an entrepreneur as “a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.” This definition hardly seems to require an advanced degree or some special initiative.