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Which statement contains a myth about entrepreneurial risk?

Answer and explanation

Correct answer: Entrepreneurs take every risk without checking for success

Option C is correct. The belief that entrepreneurs take every risk without checking is a myth. In reality, entrepreneurs take calculated risks after assessing the market, costs, benefits, possible losses, and available alternatives. Option A describes appropriate entrepreneurial behaviour because it involves studying the likelihood of risk. Exam tip: In entrepreneurship, risk-taking means informed decision-making, not carelessness.

Related tags

Entrepreneurship MythsEntrepreneurial RiskCalculated RiskDecision MakingEntrepreneurial SkillsMyths About EntrepreneurshipEntrepreneurial Skills IArtificial Intelligence

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