According to the sociological approach, entrepreneurship is viewed as a process influenced by social and cultural factors, including the roles individuals play within society.

17. According to the sociological approach, entrepreneurship is viewed as a process influenced by social and cultural factors, including the roles individuals play within society.

The correct option is A).
A) Process of cultural or role performance

18. McClelland's achievement motivation theory identifies several characteristics of individuals with a high need for achievement. These include a preference for achieving success through their own efforts, desiring clear and immediate feedback on their performance, and choosing tasks that are moderately difficult to provide a challenge without being impossible.

The correct option is D).
D) All of the above

19. Entrepreneurs who start businesses primarily due to external factors like government support, financial aid, or other incentives are known as induced entrepreneurs. Their motivation is often external rather than purely internal.

The correct option is A).
A) Induced entrepreneurs

20. Entrepreneurs inherently face various risks. These include financial risk (potential loss of invested capital), personal risk (impact on personal life, relationships, and reputation), and psychological risk (stress, anxiety, and emotional strain associated with the venture's uncertainties).

The correct option is D).
D) All of the above