Which term describes someone who starts and runs a business taking on risk?

Prepare for the Adult Roles and Responsibilities Test. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready to ace your exam!

Multiple Choice

Which term describes someone who starts and runs a business taking on risk?

Explanation:
Starting and running a business while taking on risk describes an entrepreneur. This term names a person who sees an opportunity, organizes resources, and builds a venture, accepting financial and personal risk in pursuit of profit. Aptitude refers to natural ability rather than the act of starting a business. Decision making is the process of choosing among options, a skill used in many roles but not the label for the person who launches a business. A goal is a desired outcome, not a person. Therefore, the term that best captures someone who starts and runs a business taking on risk is entrepreneur.

Starting and running a business while taking on risk describes an entrepreneur. This term names a person who sees an opportunity, organizes resources, and builds a venture, accepting financial and personal risk in pursuit of profit. Aptitude refers to natural ability rather than the act of starting a business. Decision making is the process of choosing among options, a skill used in many roles but not the label for the person who launches a business. A goal is a desired outcome, not a person. Therefore, the term that best captures someone who starts and runs a business taking on risk is entrepreneur.

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