Future Business Leaders of America (FBLA) Hospitality Management Practice Test

Who is described as an entrepreneur?

1. Someone who invests in stocks

2. A person who organizes and operates a business

3. An employee in a corporation

4. A government employee overseeing business regulations

The correct answer is: A person who organizes and operates a business

An entrepreneur is defined as a person who organizes, manages, and takes on the risks of starting and running a business. This definition captures the essence of entrepreneurship, which involves not only the initiation of a business venture but also the ongoing effort to ensure its success. Entrepreneurs are typically seen as innovative individuals who identify opportunities in the market and work to capitalize on them, often creating new products or services. In contrast, the other choices represent different roles in the business world but do not embody the entrepreneurial spirit. Investing in stocks relates more to passive income generation rather than actively starting or managing a business. An employee in a corporation performs defined tasks and responsibilities but is not responsible for the overall operations or risks of a business. Lastly, a government employee overseeing business regulations focuses on compliance and oversight, rather than the foundational elements of creating and growing a business.