ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An entrepreneur will patiently wait for his efforts to bear fruit.
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The profit of the entrepreneur is immediate.
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All entrepreneurs are successful
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Entrepreneurs are researchers
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Detailed explanation-1: -Answer and Explanation: The correct answer is option a. They will always make a profit.
Detailed explanation-2: -’Entrepreneurs are daydreamers’ is incorrect. An individual that initiates their own business and bears all the major risks while earning the rewards is an entrepreneur. To commence a new business, an individual needs to be innovative, creative, and confident in their abilities to take the necessary risks.
Detailed explanation-3: -Therefore, the correct option is C extravagant use of resources since, extravagant use will lead to wastage of resources.
Detailed explanation-4: -Answer and Explanation: The correct answer is B. An entrepreneur is defined as an individual who creates and funds a new business and continues to bear the risks incurred during the business operations while enjoying the rewards.