Question

Which of the following statements is TRUE about entrepreneurs: Select one:

a. 'young' people are better entrepreneurs than 'older' people
b. entrepreneurs are born to be entrepreneurs
c. If you want to be an entrepreneur, you must be willing to gamble x
d. having money available to invest in your new enterprise is the key to success
e. none are true

Answer 1

The correct statement is that if you want to be an entrepreneur, you must be willing to gamble.

Step-by-step explanation:

The correct statement about entrepreneurs among the given options is:

c. If you want to be an entrepreneur, you must be willing to gamble.

Entrepreneurs are individuals who take risks by investing their own money into a business venture in order to produce goods or services. While it is true that entrepreneurs are risk-takers, successful entrepreneurs carefully calculate and weigh the risks against the potential benefits before making their investments. Being willing to take calculated risks is an important characteristic of a successful entrepreneur. Among the given statements about entrepreneurs, option e, 'none are true' is the correct answer. Entrepreneurs are typically characterized as risk-takers; however, successful entrepreneurs do not simply gamble. They calculate their risks very carefully and compare the potential risks with the expected benefits before making an investment or starting a new business venture.