Asked by Jenifer Lalnunkimi on Jun 23, 2024
Verified
Which of the following statements about entrepreneurs is a myth?
A) Talent gained and enhanced by experience is a foundation for entrepreneurial success.
B) An entrepreneur may not need a college degree at all.
C) Age alone is not a barrier to entrepreneurship.
D) Entrepreneurs are gamblers.
E) Just having money is no guarantee of success; many entrepreneurs start with very little money.
Entrepreneurial Success
The achievement of desired business outcomes by an entrepreneur, often characterized by business growth, profitability, and sustainable competitive advantage.
College Degree
A qualification awarded to students upon successful completion of a course of study in higher education, usually signifying an advanced level of knowledge in a particular field.
Entrepreneurs
Individuals who innovate, create, and manage businesses, taking on higher than normal financial risks in order to do so.
- Recognize the myths and realities of entrepreneurship.
Verified Answer
AC
Andres CortesJun 29, 2024
Final Answer :
D
Explanation :
Entrepreneurs are often perceived as gamblers, but this is a myth. Successful entrepreneurs typically take calculated risks rather than gamble. They assess opportunities and challenges carefully before making decisions, which is different from gambling where outcomes are largely left to chance.
Learning Objectives
- Recognize the myths and realities of entrepreneurship.