Question

An entrepreneur is a person who

• A. moderately takes calculated risk.
• B. only follow instructions as subordinate.
• C. works as an employee in a Firm/Company.
• D. manage the given task professionally as a Manager of a Firm/Company.

Hint:

Key words for Entrepreneur: Risk-taker, Innovator, Organizer.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards.
Step 2: Detailed Explanation:
1. Risk Profile: Contrary to the myth that entrepreneurs are wild gamblers, successful entrepreneurs take calculated risks. They evaluate the downside and only proceed when the potential reward outweighs the manageable risk.
2. Role: Options (B), (C), and (D) describe employees or managers. While a manager organizes resources (like an entrepreneur), they do not personally bear the ultimate financial risk of the venture's failure.
Step 3: Final Answer:
The distinguishing characteristic of an entrepreneur in this list is the willingness to take on and manage calculated risks.