Compared with general administrators, entrepreneurs can be best described by which one of these?
A) Exhibit moderate-to-high risk taking behavior
B) Focus on the established present
C) Display a low-to-medium tolerance for ambiguity
D) Obtain motivation from a need to lead others
E) Possess managerial knowledge and experience

Question

Quizplus · Accepted Answer

Entrepreneurs are often known for their willingness to take risks, even when faced with uncertainty or ambiguity. This is because they are motivated by the potential rewards that can come from successfully launching a new venture or bringing a novel idea to market. In contrast, general administrators tend to be more risk-averse, preferring to focus on maintaining the status quo and avoiding potentially disruptive changes.

Option B is incorrect because entrepreneurs are more likely to focus on future possibilities as opposed to the established present. Option C is also incorrect because entrepreneurs often need to tolerate a high degree of ambiguity and uncertainty when starting a new venture. Option D may apply to some entrepreneurs, but it is not a defining characteristic of the role. Option E is also incorrect because while some entrepreneurs may possess managerial knowledge and experience, this is not necessarily a requirement for success.

Compared with General Administrators, Entrepreneurs Can Be Best Described by Which