Final answer:
Mykel's acceptance of the possibility of product failure demonstrates his risk tolerance as an entrepreneur.
Step-by-step explanation:
The subject of this question is Entrepreneurship in the context of business. In the question, Mykel accepts that the product he designed may not be successful. This demonstrates Mykel's Risk tolerance as an entrepreneur. Entrepreneurs are individuals who take risks and are willing to face the possibility of failure in order to bring a new or better product to the market. Mykel's mindset reflects his willingness to take risks, which is a characteristic of an entrepreneur.