Question

which of the following best defines an entrepreneur? a a person who has an idea for a business and gives it to someone so that they can assume financial risk for creating the endeavor b an individual who provides a lot of their own money to various charitable organizations and businesses c an individual who creates a new business, bearing most of the risks while enjoying most of its rewards d a person who receives multiple promotions and monetary increases at the same company over a period of time

Explanation:

An entrepreneur is someone who initiates a new business, takes on significant risks, and stands to gain the major rewards. Option A is incorrect as entrepreneurs usually pursue their own business ideas rather than just giving them away. Option B describes a philanthropist. Option D describes an employee with career - progression within a company, not an entrepreneur.

Answer:

C. an individual who creates a new business, bearing most of the risks while enjoying most of its rewards