An entrepreneur can best be characterized as someone who:

• A. avoids innovation and prefers traditional business methods
• B. organizes resources and takes risks to create new goods or services
• C. primarily works as an employee for a large corporation
• D. focuses solely on maximizing government welfare programs

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the role of an entrepreneur in microeconomics. An entrepreneur is typically someone who organizes resources such as labor, capital, and land to produce goods or services.
2. Step 2: Recognize that entrepreneurs take on risks by investing time, money, and effort into new ventures, which may or may not succeed. This risk-taking is a key characteristic.
3. Step 3: Identify that entrepreneurs often innovate by creating new products, services, or business methods, rather than sticking to traditional approaches.
4. Step 4: Differentiate entrepreneurs from employees, as entrepreneurs own and manage their businesses, while employees work for others.
5. Step 5: Conclude that the best characterization of an entrepreneur is someone who organizes resources and takes risks to create new goods or services.