INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An advantage of entrepreneurship is that business owners make all decisions by themselves
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -An advantage of entrepreneurship is that owners make all decisions by themselves. Meaning, the final responsibility falls on them.
Detailed explanation-2: -Even with the right idea, money, and time, not all businesses turn out to be successful. Only a fraction of all entrepreneurs become successful.
Detailed explanation-3: -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. The business idea usually encompasses a new product or service rather than an existing business model.
There is 1 question to complete.