Which of the following statements about entrepreneurs and risk is the most accurate?
A)Entrepreneurs are best characterized as gamblers in their approach to risk.
B)Entrepreneurs usually avoid taking risks in their ventures.
C)Successful entrepreneurs do not consider whether their ventures are risky.
D)Entrepreneurs alternate between pursuing and retreating from risk.
E)Successful entrepreneurs take very careful, calculated risks.

Question

Quizplus · Accepted Answer

Successful entrepreneurs are not reckless gamblers, but they do take calculated risks. They carefully evaluate the potential risks and rewards of a venture and make a well-informed decision about whether or not to pursue it. This is crucial to their success, as taking unnecessary risks can lead to failure.

Which of the Following Statements About Entrepreneurs and Risk Is