Final answer:
The correct answer is D) Entrepreneurs are characterized by their willingness to take risks and seek new opportunities, while administrators focus on efficiency and stability. Entrepreneurs must carefully assess risks against potential rewards, often showing innovative and leadership qualities, whereas administrators manage operations and strive to maintain the status quo.
Step-by-step explanation:
With regard to the differences between the entrepreneurial and administrative focuses, D) Entrepreneurs are characterized by a willingness to take risks and pursue new opportunities, whereas administrators emphasize efficiency and stability is correct. Entrepreneurs are individuals who organize and invest in ventures despite the risks, to offer new or better goods and services. They calculate their risks very carefully, balancing them against potential benefits. Successful entrepreneurship involves innovative thinking, risk assessment, and the strategic pursuit of market opportunities.
On the other side, administrative roles in business generally involve ensuring that the current system operates smoothly. Administrators prioritize operational efficiency, process management, and maintaining the status quo for consistent performance. They focus more on executing strategic plans and managing daily operations efficiently, rather than taking significant risks to introduce new products or services.
Indeed, while an entrepreneur might be seen as a calculated risk-taker or sometimes an authoritarian leader like Mark Zuckerberg, the administrator is typically not in the business of risk-taking, but rather in maintaining and improving on what already exists within the established frameworks of an organization.