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.