Which of the following is a personal characteristic that can influence an entrepreneur to take the initiative to act on an opportunity?

Question

Quizplus · Accepted Answer

Risk propensity is a personal characteristic that refers to an individual's tolerance for uncertainty and their willingness to take risks. Entrepreneurs who have high risk propensity are more likely to take the initiative to act on an opportunity because they are comfortable with the uncertainty and potential risks that come with starting a new venture. Push factors refer to external events or circumstances that motivate someone to take action, pull factors refer to attractive opportunities that draw someone towards taking action, and times of transition are periods of change that can create opportunities for entrepreneurship but do not necessarily influence an individual's personal characteristics.

Which of the Following Is a Personal Characteristic That Can