Which Statement BEST Describes Why a Successful Entrepreneur Needs to Be

question 28

Multiple Choice

Which statement BEST describes why a successful entrepreneur needs to be flexible?

• A)Starting a new business often leads to envy in the wider business community.
• B)People with whom entrepreneurs work are often opinionated and rigid.
• C)Entrepreneurial ventures involve risky situations and unexpected events.
• D)Initial business revenues tend to be low and may remain low for several years.

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Definitions:

Group Dynamics

The patterns of interaction and relationships that influence the behavior and effectiveness of a group.

External Perspective

Viewing an organization or situation from the outside to gain an unbiased understanding or to assess impacts that come from external sources.

Individual

A single, separate organism or entity, often referenced in the context of discussing human beings and their unique characteristics.

Behavior

The range of actions and mannerisms made by individuals, groups, or systems, in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the physical environment.