Choose the correct option.

Assertion (A): An entrepreneur takes risks.
Reason (R): An entrepreneur is self-confident.

Both A and R are true, R is the correct explanation of A.

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A is true, but R is false.

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Both A and R are false.

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Both A and R are true, but R is not the correct explanation of A.

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Solution

The correct option is A Both A and R are true, R is the correct explanation of A.
Every entrepreneur exhibits the character of risk-taking. Since all ideas and innovations have equal chances of success and failure, risks are inevitable. Entrepreneurs can make huge profits only if they take risks. However, entrepreneurs will not take such risks unless they have enormous self-confidence in their ideas and managerial abilities.

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