Entrepreneurs themselves perceive the concept of risk in which of the following ways?

Question

Quizplus · Accepted Answer

Entrepreneurs typically view risk as calculated risk-taking, where they assess the potential outcomes and make informed decisions based on their analysis. This approach is fundamental to entrepreneurial activity, as it involves evaluating the viability and potential return of a business venture against the risks involved. Unlike gambling, which relies on chance, or distorted risk-taking, which may not accurately assess the actual risks, calculated risk-taking involves a deliberate and thoughtful process of risk assessment. Social risk, while relevant in some contexts, is not as central to the general concept of risk as perceived by entrepreneurs in their professional activities.

Entrepreneurs Themselves Perceive the Concept of Risk in Which of the Following