INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Comfortable with secure employment and unwillingness to take higher risk refers to?
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Need for achievement
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Need for authority and power
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Need for affiliation
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Need for security
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Explanation:
Detailed explanation-1: -The reward for taking on risk is the potential for a greater investment return. If you have a financial goal with a long time horizon, you may make more money by carefully investing in higher risk assets, such as stocks or bonds, than if limit yourself to less risky assets.
Detailed explanation-2: -Exhibiting risk aversion means to shy away from risk, and in terms of investing means avoiding risky securities. Risk averse individuals should seek out investments and strategies that fit this low risk tolerance.
Detailed explanation-3: -There are three risk preference types; risk-averse, risk-neutral, and risk-loving.
There is 1 question to complete.