True or false? Entrepreneur are bankers who lend money to individuals to start business Unit 4 ExamEntrepreneurs are bankers who lend money to individuals to start businesses.O TrueO False

Answered: True or false? Entrepreneur are bankers…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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True or false? Entrepreneur are bankers who lend money to individuals to start business

Unit 4 Exam
Entrepreneurs are bankers who lend money to individuals to start businesses.
O True
O False

Expert Solution

Step 1

Entrepreneurs are the people that have a business idea to transform it into a business and their ability to do that is called entrepreneurship. Entrepreneurs take financial assistant from banks by taking loans from the banks to start a business at a large level. But, to start a small business, entrepreneurs do not require to lend money from banks. Entrepreneurs start their business to earn money but they do not lend money to others to make them start their business.

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