ECONOMICS (CBSE/UGC NET)

ECONOMICS

ENTREPRENEURS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the textbook, entrepreneurs are ____
A
gamblers
B
moderate risk takers
C
aggressive risk takers
D
minimal risk takers
Explanation: 

Detailed explanation-1: -They take up those ventures where the odds and favours are in equal probability and where they have the confidence of converting a only a 50% probability of success into 100% success. Thus, it can be said that they undertake moderate and calculated risk.

Detailed explanation-2: -Entrepreneurs are considered moderate risk-takers because they do not consider the risk ambiguity if there is a chance or opportunity for success or bigger profits. However, moderate risk takers calculate and analyze the risks involved against the profits they will receive before engaging in a business or project.

Detailed explanation-3: -Victor Kiam Quotes Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets.

Detailed explanation-4: -Moderate Risk Takers: These types of investors would like to take reasonable risk, i.e. they like to go on a balanced approach. They would always like to grow their portfolio by taking some risks, but would not want the risk of losing everything.

There is 1 question to complete.