Question

Which of the following statements is correct

1. "Entrepreneurs undertake moderate risks"
2. "Entrepreneurs do not undertake moderate risks"

Options

• Only statement I is correct

• Only statement II is correct

• Both (1) and (2) correct

• None of the above

Answer 1

Only statement I is correct

Explanation -

An entrepreneur is a person who buys production equipment at a particular price and converts it into finished goods. sell them at an unknown price in the future Herein the most important consideration to make 'Future uncertainty' is taken into account. When a business owner starts a new venture, He is never certain that it will succeed. It's possible. that the company may thrive in the successful direction Alternatively, it might wreak havoc. everything an entrepreneur possesses. Although the chance of total ruin is extremely unlikely, it is always a possibility. When an entrepreneur decides to start a new firm, he assesses the advantages against the disadvantages based on his talents, abilities, and confidence. On this basis, individuals tend to avoid situations that are really dangerous. As a result, they take chances, but only moderate and calculated risks.