High School

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An entrepreneur who opens a sole proprietorship is displaying the characteristic of:

a. Conformity
b. Risk aversion
c. Risk taking
d. Caution

Answer :

An entrepreneur who opens a sole proprietorship is displaying the characteristic of risk taking.

Entrepreneurs identify opportunities or needs in the market and are willing to take on the risks associated with starting and running a business to meet those needs.

For instance, whether it's creating a new product, improving an existing one, or finding innovative ways to deliver a product, entrepreneurs embrace uncertainty in hopes of achieving success and potentially gaining significant financial rewards.

Opening a sole proprietorship amplifies this risk since the individual personally shoulders all the responsibilities and liabilities of the business.

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