ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Loan Officer
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Investor
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Entrepreneur
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None of the above
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Detailed explanation-1: -An entrepreneur is an individual who takes the risk to start their own business based on an idea they have or a product they have created while assuming most of the risks and reaping most of the rewards of the business.
Detailed explanation-2: -An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of their business venture.
Detailed explanation-3: -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-4: -You will never know unless you try. You learn from taking risks. Innovation and opportunity are tied to risk. Those who take risks already have a competitive advantage. Risk-takers may be more content and satisfied with their lives. 29-Jul-2021
Detailed explanation-5: -Financial risk. The biggest risks facing many small organizations are actually financial. Strategic risk. It can be hard to know what steps to take when your organization is brand new. Reputation risk. Liability risk. Business interruption risk. Security risk. 11-Nov-2020