2.2.2 - Risk-Taking Ability
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Practice Questions
Test your understanding with targeted questions
Define what risk-taking means in entrepreneurship.
💡 Hint: Think about whether it involves risks that can affect a business.
What is a calculated risk?
💡 Hint: Consider the words 'calculated' and 'risk' together.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the primary characteristic of a successful entrepreneur regarding risks?
💡 Hint: Think about how entrepreneurs must weigh their options.
True or False: All risk-taking is unnecessary and leads to losses.
💡 Hint: Consider why entrepreneurs take risks in the first place.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Develop a risk management plan for a new restaurant. Identify at least three types of risks and propose strategies to manage them.
💡 Hint: Think of what could go wrong in various aspects of the restaurant.
Evaluate the role of risk-taking in technological startups. Discuss how necessary it is for innovation.
💡 Hint: Consider how many successful tech companies were initially met with skepticism.
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