Certain fundamental features of the Austrian School are that it considers entrepreneurs as:
A) acting based on judgmental decision-making
B) acting without having perfect information about the future
C) obtaining information before making a decision
D) avoiding experiments and uncertainty
E) clever and rational, with the ability to make predictions

Question

Quizplus · Accepted Answer

The Austrian School of economics emphasizes the role of the entrepreneur as someone who acts under conditions of uncertainty and makes judgmental decisions without having perfect information about the future. This perspective highlights the entrepreneurial ability to navigate and make decisions in an unpredictable economic landscape, contrary to the assumption of perfect information or predictability.

Certain Fundamental Features of the Austrian School Are That It