Asked by Jallisa Jackson on Jun 29, 2024
Verified
College graduates who dislike business risk will mostly seek to be hired by firms as labor, rather than starting their own firms as entrepreneurs.
Business Risk
The exposure a company or investor faces from the uncertainties that could affect the financial, operational, and reputational standing of a business.
Entrepreneurs
Individuals who initiate, manage, and take on the risks of a business or enterprise.
- Understand the contributions and incentives of entrepreneurs in an economic system.
- Comprehend the foundational concepts of risk management and insurance in the context of economic decision-making.
Verified Answer
CW
Corey WilsonJun 30, 2024
Final Answer :
True
Explanation :
College graduates who dislike business risk tend to prefer the stability and predictability of being employed by firms, avoiding the uncertainties associated with starting and running their own businesses.
Learning Objectives
- Understand the contributions and incentives of entrepreneurs in an economic system.
- Comprehend the foundational concepts of risk management and insurance in the context of economic decision-making.
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