BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following risks is borne by the entrepreneur?
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Financial risks
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Personal risks
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Psychological risks
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All of these
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Explanation:
Detailed explanation-1: -Entrepreneurs face multiple risks such as bankruptcy, financial risk, competitive risks, environmental risks, reputational risks, and political and economic risks. Entrepreneurs must plan wisely in terms of budgeting and show investors that they are considering risks by creating a realistic business plan.
Detailed explanation-2: -Hence, D is the correct option.
Detailed explanation-3: -Different types of risk in entrepreneurship According to the Harvard Business Review, business risks are bucketed into three categories: preventable risks, strategy risks, and external risks.
There is 1 question to complete.