Which of the Following Describes a Successful Entrepreneur's Typical Reaction

question 68

Multiple Choice

Which of the following describes a successful entrepreneur's typical reaction to failures,particularly small ones?

• A)They have very few failures because they do everything to avoid them.
• B)They get out of the business as early as possible in order to cut their losses.
• C)They see failures as opportunities to build on what they learned or capture new opportunities.
• D)They try to make failures happen to increase the overall creative tension.

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Definitions:

Short-Term Investments

Financial assets that are expected to be converted into cash or sold within a year.

Seasonal Fluctuations

Variations in business activity, sales, or performance that occur regularly at certain times of the year due to the season.

Debt Securities

Financial tools that signify an investor lending money to a borrower, commonly consisting of bonds, notes, and bills.

Speculative Reasons

Motivations based on speculation where actions are taken with the expectation of future financial gains or losses.