Question

A _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ person who is always trying to make his/her business better by taking risks and trying new ideas is an entrepreneur.

• A. Self-employed
• B. Wage-employed
• C. Unemployed
• D. Multiple employed

Hint:

All entrepreneurs are self-employed, but not all self-employed people are entrepreneurs. Entrepreneurs specifically take risks and innovate to grow their business.

Answer 1

The Correct Option is A

Step 1: Understanding the Concept:
Entrepreneurs are individuals who create a new business, bearing most of the risks and enjoying most of the rewards.
Step 2: Detailed Explanation:
An entrepreneur is essentially a self-employed person.
Unlike a wage-employed person who works for a salary, an entrepreneur works for themselves and takes personal financial risks.
The willingness to innovate and take risks is what differentiates an entrepreneurial self-employed person from a standard self-employed professional.
Step 3: Final Answer:
(A) Self-employed