Which of the following is true about factors that adversely influence the accuracy of an entrepreneur's risk perceptions?
A) An entrepreneur's belief in the law of small numbers increases the risk he or she perceives with an opportunity.
B) Because individuals are more likely to obtain good information and less likely to obtain bad information,small samples of information are likely biased negatively.
C) Most entrepreneurs have access to large databases.
D) The control that an entrepreneur feels with respect to the opportunity's outcome may influence perceptions of the idea's risk.
E) Law of small numbers and the illusion of control positively influence the accuracy of risk perceptions when evaluating opportunities.
Correct Answer:
Verified
Q38: The ability of entrepreneurs to understand how
Q39: _ refers to an individual's ability to
Q40: Although an opportunity may exist,it needs to
Q41: When entrepreneurs identify how they will market,produce,and
Q42: _ are wealthy individuals who provide capital
Q44: Bob's perception that he has been successful
Q45: Exploitation exists when entrepreneurs overestimate the extent
Q46: Which of the following is true about
Q47: _ refers to the activities and investments
Q48: Describe opportunity exploitation.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents