The characteristic of entrepreneurship are:
(A) Innovation and Creativity
(B) Resistance to change
(C) Risk taking
(D) Lawful and purposeful activity
Choose the correct answer from the options given below:
The characteristic of entrepreneurship are:
(A) Innovation and Creativity
(B) Resistance to change
(C) Risk taking
(D) Lawful and purposeful activity
Choose the correct answer from the options given below:
Solution
Option 1 -> Includes Innovation & Creativity, Risk taking, and Lawful & purposeful activity - these are all core entrepreneurial characteristics.
Option 2 -> Includes Resistance to change, which is NOT an entrepreneurial trait; entrepreneurs embrace change and adapt quickly.
Option 3 -> Includes all characteristics including Resistance to change, which contradicts entrepreneurial behavior.
Option 4 -> Only includes Innovation & Creativity and Lawful & purposeful activity, but misses Risk taking, which is a fundamental entrepreneurial characteristic.
Hence, Option 1: (A), (C) and (D) only -> Entrepreneurs are characterized by innovation and creativity (developing new ideas), risk-taking ability (accepting uncertainties), and conducting lawful and purposeful business activities. Resistance to change is NOT an entrepreneurial trait - entrepreneurs actually embrace and drive change rather than resist it -> correct