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Question

Risk-taking – Entrepreneurs are willing to take calculated risks and have the ability to manage and minimize potential losses.

Answer 1

This means that entrepreneurs are willing to take risks in their business decisions, but they do so in a careful and strategic way. They assess the potential for success and failure, and take steps to reduce the likelihood of negative outcomes. They also have the ability to handle losses if they occur, and to learn from their mistakes. Overall, risk-taking is seen as an important characteristic of successful entrepreneurs, but it must be balanced with a strong sense of caution and careful planning.