Q.The person who conceives a business idea, takes the risk of starting it, and brings together resources to run it is known as:
(A) Enterprise
(B) Entrepreneur
(C) Entrepreneurship
(D) Employee
The question describes someone who (i) conceives a business idea, (ii) takes on the risk of starting the venture, and (iii) brings together resources to run it. Each of these three actions is performed by a person, not by a process or an organisation, so the correct term must refer to an individual.
Checking each option:
(A) Enterprise — incorrect. An enterprise is the resulting business unit (the shop, factory or firm), not a person; it is the outcome of the entrepreneur's efforts, not the one performing them.
(B) Entrepreneur — correct. This is exactly the definition of an entrepreneur: the individual who identifies an opportunity, bears the risk of pursuing it, and organises the resources needed to build a venture.
(C) Entrepreneurship — incorrect. Entrepreneurship is the ongoing process/activity/skill-set (opportunity-spotting, risk-taking, organising) that the entrepreneur applies — it is not itself a person.
(D) Employee — incorrect. An employee works within an enterprise for a wage or salary; they do not conceive the venture or bear its risk in the way an entrepreneur does.
(B) Entrepreneur
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