An entrepreneur is a person who has possession of a new enterprise venture or idea and is accountable for the inherent risks and the outcome of a product. Which term best matches this description?

• A. Enterprise
• B. Entrepreneur
• C. Sole Trader
• D. Sleeping Partner

Answer: (B)

Understanding what an entrepreneur is. An entrepreneur is a person who starts and runs a new venture, takes on the risks involved, and is responsible for the outcomes of the product or idea. The description fits this perfectly because it emphasizes owning a new enterprise and being accountable for the risks and results. The other terms refer to different things: the venture itself (enterprise), a specific business ownership type (sole trader), or a partner who does not actively manage the business (sleeping partner). So, the best match is entrepreneur.