Question

Francine is interested in starting a new financial services company where she will manage the investments of others. she wants to generate her own funding as well as lead the business once it gets started. francine will assume all risks and rewards of the new enterprise. francine would be considered an entrepreneur because she is:

a. someone who initiates and assumes the financial risk of a new business enterprise.
b. a person who can grow a business quickly.
c. someone who can expertly manage other people's investments.
d. a person who knows how to evaluate which stocks to purchase.

Answer 1

Francine would be considered an entrepreneur because she is someone who initiates and assumes the financial risk of a new business enterprise.
An entrepreneur is defined as someone who owns and operates a business or businesses and takes on a greater than normal financial risk to do that. An entrepreneur starts their own business and puts everything they have into making it successful, no matter the risk, they tend to take it to become successful.