Answer to Question #236641 in Economics for Bea

Question

Which one of the following statements referring to the entrepreneurial characteristics of risk-taking is correct ?

(a) The successful entrepreneur feels its necessary to take many chances

(b) Entrepreneurs investigate the probable results before they take decisions

(c) Successful entrepreneurs do not take risks

(d) Successful entrepreneurs lengthen the time between the conceptualisation of an idea and the availability of the product in order to limit the risk

Answer 1

Usually entrepreneurs investigate the probable results before they take decisions.

So, the correct answer is (b).