The view that the entrepreneur is a risk taker who “buys at an uncertain price, therefore operating at a risk” was expressed by …?*1 pointJoseph A. SchumpeterRichard CantillonThomas EdisonFrank H. Knight

The risks that the entrepreneur takes in  starting and  or operating their own business are varied.Group of answer choicesTrueFalse

All successful entrepreneurs are risk-takers. If Tom is a successful entrepreneur, what can be inferred about Tom's willingness to take risks?Tom takes risks.Tom takes many risks.No conclusion can be drawnTom takes calculated risks.

Which of the following best describes the mindset of an effectual entrepreneur?Question 25Answera.embracing uncertainty and ambiguityb.averse to risk-takingc.focused on following industry normsd.relying heavily on external funding

Being an entrepreneur involves risks as well as rewards.  Which of the following is a risk of being an entrepreneur? Responsesuncertain income uncertain income creativity creativity decision-makingdecision-makingflexibility

Which of the following statements is true about new venture risk-taking:*1 pointWhen an entrepreneur seeks a high profit, the risk is usually higher.When the entrepreneur seeks to limit risk, the reward tends to increase.An entrepreneur's financial risk is not closely related to rewards.The entrepreneur who does not care about profit is a high risk-taker.