Entrepreneurs undertake (a) Calculated risk (b) High risk (c) Low risk (d) Moderate and calculated risk.
Answers
Answer:
(b) High risk is the correct answer
ENTREPRENEURSHIP
Entrepreneurs undertake (D) moderate and calculated risk
Reasons for entrepreneurs taking moderate and calculated risk:
* The possibility that realized profits are fewer than expected profits is referred to as risk. When an entrepreneur starts a business, he has no idea if it will succeed.
*There is no guarantee of earnings or returns. Furthermore, he accepts the risk of pursuing entrepreneurship as a career rather than practising a profession with a certain payoff. An entrepreneur, on the other hand, constantly takes calculated risks.
* They aim to reduce the danger based on their skill, training, and confidence. An entrepreneur, for example, might enter into prior contracts with clients to assure that the product is sold. As a result, entrepreneurs are believed to take moderate and calculated risks.