Asked by DELINA FILLI on May 09, 2024
Verified
An entrepreneur is a person who does all of the following except
A) assumes the risk of a firm.
B) organizes and manages a firm.
C) turns a new idea or product into a business.
D) always makes a profit.
Entrepreneur
An individual who creates, organizes, and operates a business or businesses, taking on financial risk to do so.
Profit
The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes.
- Acknowledge the contribution and attributes of entrepreneurs in the business environment.
- Identify the importance of entrepreneurs in market economies and debunk myths regarding their role.
Verified Answer
MT
Marifer TorresMay 14, 2024
Final Answer :
D
Explanation :
Entrepreneurs assume risks, organize and manage firms, and turn new ideas into businesses, but making a profit is not guaranteed. The nature of entrepreneurship involves risk, and not all ventures are successful.
Learning Objectives
- Acknowledge the contribution and attributes of entrepreneurs in the business environment.
- Identify the importance of entrepreneurs in market economies and debunk myths regarding their role.
Related questions
Mary Kay Ash Was One of the First Individuals Who ...
Entrepreneurs Are Unnecessary in a Market Economy, and Their Profit ...
Michael Dell Was the First Individual Who Sold Computers by ...
There Are Certain Myths About Entrepreneurs ...
Andrew Myloski Possesses Technical Knowledge of Computers and Strong Experience ...