Which term denotes a person who organizes, manages, and assumes the risks of a business or enterprise?

Which term denotes a person who organizes, manages, and assumes the risks of a business or enterprise?

• A. Discriminative listening
• B. Communication between two persons or groups
• C. Fallacy
• D. Entrepreneur

Answer: (D)

A person who organizes, manages, and assumes the risks of a business is an entrepreneur. An entrepreneur identifies opportunities, marshals resources, makes strategic decisions, and bears the financial risk to start and grow a venture, aiming to create value. The other terms describe different concepts—discriminative listening is about distinguishing cues in listening, interpersonal communication is the exchange between two or more people, and a fallacy is a flawed argument—none of which capture the combined roles of starting, running, and risking a business.

A person who organizes, manages, and assumes the risks of a business is an entrepreneur. An entrepreneur identifies opportunities, marshals resources, makes strategic decisions, and bears the financial risk to start and grow a venture, aiming to create value. The other terms describe different concepts—discriminative listening is about distinguishing cues in listening, interpersonal communication is the exchange between two or more people, and a fallacy is a flawed argument—none of which capture the combined roles of starting, running, and risking a business.