When the Expression Uncertainty Is Discussed in Chapter 2, a Four-Tiered

question 3

Multiple Choice

When the expression uncertainty is discussed in Chapter 2, a four-tiered matrix is displayed which attempts to define the entrepreneurial playing field and how it typically differs from the managerial playing field in terms of uncertainty (Sarasvathy) . Which characteristics fall into the quadrant in which entrepreneurship typically plays?

• A) high uncertainty, high risk, high opportunity, minimal planning
• B) high uncertainty, high risk, minimal opportunity, minimal planning
• C) high uncertainty, low risk, high opportunity, minimal planning
• D) high uncertainty, medium risk, high opportunity, minimal planning

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Definitions:

Avoid Favoritism

The practice of deliberately not giving preferential treatment to particular individuals or groups over others, ensuring fairness and equality.

Organizational Resources

Assets, including human, financial, physical, and informational, that an organization possesses and can utilize to execute its strategies and achieve its objectives.

Opportunity Power

The ability to influence people or situations through the creation or control of opportunities.

Politically Correct

Language or behavior that is designed to avoid offense or disadvantage to members of particular groups in society.