A Micro entrepreneur is…. A. A formal-sector entrepreneur with zero to 10 employees B. A formal-sector entrepreneur with zero to 15 employees C. A formal-sector entrepreneur with 1 to 15 employees D. A formal-sector entrepreneur with 1 to 10 employees
Question
A Micro entrepreneur is…. A. A formal-sector entrepreneur with zero to 10 employees B. A formal-sector entrepreneur with zero to 15 employees C. A formal-sector entrepreneur with 1 to 15 employees D. A formal-sector entrepreneur with 1 to 10 employees
Solution
The definition of a micro entrepreneur can vary depending on the context or the country. However, in general, a micro entrepreneur is often defined as a business owner who operates a small business with a very small number of employees (usually less than 10). So, the closest answer would be:
A. A formal-sector entrepreneur with zero to 10 employees
Please note that this is a general definition and specific definitions may vary. For example, in the European Union, a micro-enterprise is defined as a business with fewer than 10 employees and a turnover or balance sheet total of €2 million or less. In the United States, the definition can vary by state and by industry.
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