Which of the Following Statements Demystifies the Myth That Entrepreneurs

question 17

Multiple Choice

Which of the following statements demystifies the myth that entrepreneurs are gamblers?

• A) Entrepreneurs consider an idea and an opportunity as the same.
• B) Successful entrepreneurs try to influence the odds,often by getting others to share the risk.
• C) Successful entrepreneurs are completely independent and their own bosses.
• D) Entrepreneurs are driven by instant gratification through high salaries and perks.

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Definitions:

Profit Sharing

Sharing profits with employees of an organization by the owners.

Gainsharing

A system where employees are rewarded based on the performance improvements or financial gains of their company.

Scientific Management

Early 20th century theory introduced by Frederick Taylor and his colleagues that analyzes workflow through systematic observation or reasoning.

Job Design Management

Involves structuring job roles, tasks, and responsibilities in a way that maximizes employee efficiency and satisfaction, considering factors such as autonomy and variety.