Which term refers to individuals who set up and run a business and take the risks associated with this?

Which term refers to individuals who set up and run a business and take the risks associated with this?

• A. Managers
• B. Entrepreneurs
• C. Employees
• D. Investors

Answer: (B)

Entrepreneurs are individuals who identify opportunities, start up a business, and take the risks involved in turning ideas into a reality. They mobilize resources, drive innovation, and accept the possibility of failure as part of creating value. Managers run existing operations, employees do the work, and investors provide funding but don’t typically run the business day to day. So the term that best fits is entrepreneur.

Entrepreneurs are individuals who identify opportunities, start up a business, and take the risks involved in turning ideas into a reality. They mobilize resources, drive innovation, and accept the possibility of failure as part of creating value. Managers run existing operations, employees do the work, and investors provide funding but don’t typically run the business day to day. So the term that best fits is entrepreneur.