WAEC English Language 2018 Objective — Question 74

An entrepreneur is a person who organises and manages any business enterprise, or one who combines other factors of —(71)— to start a business and make a profit. He possesses considerable initiative and is willing to take —(72)—. An entrepreneur can be a farmer, a dressmaker, a factory owner, a wholesaler, or a —(73)—. More often than not, it is best for an entrepreneur to start a business from scratch rather than —(74)— in or buy an existing business. One advantage is that he would be independent and not become a —(75)— or inherit some bad debt. The —(76)— of a good entrepreneur must include hardwork, innovation, creativity and confidence to make worthwhile decisions. As it takes a great deal of energy, time and money to operate one's own business, entrepreneurs must seek to possess good managerial —(77)— in order to manage their business successfully. But how useful is the entrepreneur to society? He is an innovator who develops new —(78)— and services to make life easier and more comfortable. He plans, organises, directs and controls his business activities effectively, thus minimizing wastage of limited —(79)— and enhancing productivity. Also, he creates employment and contributes to the generation of revenue for the government by paying taxes. Gap 74: ...rather than __(74)__ in or buy an existing business.

• A. plunge
• B. investCorrect
• C. break
• D. delve