Ask Question
BusinessBusiness
9 August, 22:01

Which of the following is true of entrepreneurs? a. They take a personal stake in the success or failure of the business. b. They hire professional managers to run their businesses. c. They assume the risk of the venture but are not actively involved in operating it. d. They run someone else's business.

+3
Answers (1)
  1. 9 August, 22:18
    0
    (a) They take a personal stake in the success or failure of the business.

    Explanation:

    Entrepreneurs are some of the most multiverse, multi - talented and diverse people. They try to perform different roles at same time like they are the project managers, a risk taker, an accountant, a marketer and a salesman etc.

    Entrepreneurs play a key role in any economy. These are those that have the talents and initiative necessary to anticipate current and future desires and produce sensible new concepts to the market.

    They carefully analyze market conditions and also they take a personal stake in the success or failure of the business.

    So, option (a) is correctly fitted.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following is true of entrepreneurs? a. They take a personal stake in the success or failure of the business. b. They hire ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is the difference between the transactions display current and display at key date?
Answers (1)
In its first month of operations, Literacy for the Illiterate opened a new bookstore and bought merchandise in the following order: (1) 240 units at $10 on January 1, (2) 480 units at $11 on January 8, and (3) 780 units at $12 on January 29.
Answers (1)
Why does a more participative management style ("tipping the pyramid over") lead to greater responsiveness to customers' needs, increased accountability, and more innovative solutions to challenges than a hierarchical "command and control" structure?
Answers (1)
How is financial risk impacted if a businesses operating expense percentage declines?
Answers (1)
Lap Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 80,000 units, 100% complete with respect to materials and 25% complete with respect to
Answers (1)
New Questions in Business
Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan
Answers (1)
4) Which of the following is least likely to be your primary health care provider? a. an allergist b. an internist c. an obstetrician-gynecologist
Answers (1)
T/F A macroeconomist would be concerned with the following statement. "Two major hurricanes caused significant damage to the eastern seaboard and led to a fall in GDP and a rise in unemployment in the U. S. economy."
Answers (1)
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year, actual bad debts total $15,000. Record the write-off to uncollectible accounts.
Answers (1)
Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is based on a full capacity of 155,000 fans produced each period.
Answers (1)
Home » Business » Which of the following is true of entrepreneurs? a. They take a personal stake in the success or failure of the business. b. They hire professional managers to run their businesses. c.
Sign Up Forgot Password?