Entrepreneurship is defined as which of the following?

• A. A method of risk-free growth
• B. The process of planning, organizing, operating, and assuming risk of a business
• C. An imported business plan
• D. A venture funded by government

Answer: (B)

Entrepreneurship is about turning an opportunity into a viable business by planning, organizing resources, running the venture, and bearing the risk that comes with starting and growing it. This captures the active, resource-assembling nature of creating a new enterprise and the willingness to assume risk to bring an idea to life. It’s not about risk-free growth, simply importing a plan, or relying on government funding—the other options miss the dynamic process of creating value and taking on uncertainty to launch and grow a business.