Question : Statement 1: Entrepreneur In response to a received business opportunity mobilise these resources into a productive enterprise or firm
Statement 2: It is generally believe that entrepreneurs take low risk.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Answer (1)
23rd Jan, 2024
Correct Answer:
Statement 1 is true and statement 2 is false.
Solution : It is generally believe that entrepreneurs take high risk. Individuals opting for a career in entrepreneurship take a bigger risk that involved in career in employment or practice of a professional as there is no assured pay off.
Hence, option C is correct.
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