Question

Mike Jones has bought the land, built a factory, hired the workers, and made a successful business building mobile homes. Why is Mike considered to be an entrepreneur?
Question 9 options:

A) Mike built mobile homes.

B) Mike assumed all the risk.

C) Mike owned the land and building.

D) Mike did not like living in a mobile home.

Answer 1

I would say that A, B and C would qualify Mike as an entrepeneur. Owning the land and the building, taking all the risk and having the mobile homes built qualify Mike for this designation because he has developed a new business and shown the initiative and courage to start it up. 

Answer 2

B mike assumed all risk