The Risk Component for Entrepreneurs Is ______

question 84

Multiple Choice

The risk component for entrepreneurs is ______.

• A)unavoidable and entrepreneurship is ideal for extreme risk-takers
• B)can be reduced with a good business plan
• C)can be reduced with diversification
• D)can be managed with the cycle of act-learn-build

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Definitions:

Mistake

An error or misunderstanding in the terms or conditions of a contract that can lead to its revocation or modification if all parties agree or if a court intervenes.

Mortgage

A legal agreement where property is used as security for a loan, with the condition that the conveyance of title becomes void upon repayment of the loan.

Consideration

Something of value which is given by each party to a contract that induces them to enter into the agreement to exchange mutual performances.

HTC Smartphone

A line of smartphones produced by HTC Corporation, known for its innovation in mobile technology and design.