Final answer:
The activity that exemplifies an entrepreneur's work is D) starting your own pet sitting business. Entrepreneurs are characterized by innovation and the willingness to take on the risk of starting a new business entity, such as a sole proprietorship, partnership, or corporation.
Step-by-step explanation:
The correct answer to the student's question is D) starting your own pet sitting business. This activity is an example of the work an entrepreneur undertakes because it involves identifying a market need—in this case, pet care—and establishing a business to meet that need. An entrepreneur is characterized by their self-starter attitude, independence, hard work, and willingness to take risks to create and manage a new business venture.
Berkeley, as an entrepreneur opening a new retail business, must choose a business structure that best suits her needs and the needs of the business. The options available include a sole proprietorship, which is the simplest form and involves a single individual owning and managing the business. A partnership involves two or more co-owners managing the business together. A corporation is a more complex structure owned by shareholders and managed by a board of directors. Each of these options has its own set of advantages and disadvantages requiring careful consideration.