Main Task Students are required to answer all the questions and to provide a 500-word essay for each question. In order to demonstrate your understanding, you are required to employ any case studies or examples to support your answer. You must cite definitions, concepts, and relevant theories in your responses. Question 1(25%) "Most business owners display a combination of risk aversion and creative passion when establishing their companies" Appraise the key characteristics in entrepreneurial thinking, which is frequently drawn to opportunity, innovation, and the development of new value in very risky environments. Question 2(25%) "Many business owners have cited money as an important step in starting a business. Without a funding source, a company's debt load will cause it to fail". Every start-success up's is based on funding. Evaluate any FIVE (5) sources of funding, and provide examples that support your statement. Question 3(25%) An entrepreneur should be informed of their legal rights around intellectual property for a variety of reasons. For instance, it is crucial to safeguard any intellectual property developed by a fresh start-up company that is an original invention. Articulate how business owners can protect themselves against infringement and stop others from stealing their ideas and inventions. Question 4 (25%) A large percentage of new businesses fail. The majority of studies have discovered that the entrepreneur has control over the variables contributing to new business failure. However, the entrepreneur is unafraid to bravely tread new ground in spite of this. The IT sector is the best illustration of this. By citing any technology industry as an example, explain FIVE (5) reasons for new ventures to be fail and what aspects should an entrepreneur consider essential when evaluating a new business? Assessment Criteria Your explanation should include the following aspects: 1.1 Introduction 1.2 The definition of the key concepts 1.3 Appraise FIVE (5) key differences in entrepreneurial thinking with relevant examples 2.1 Introduction 2.2 The definition of the key concepts 2.3 Evaluate FIVE (5) sources of financing with relevant examples 3.1 Introduction 3.2 The definition of the key concepts 3.3 Articulate FIVE (5) types of intellectual properties and legal issues with relevant examples 4.1 Introduction 4.2 The definition of the key concepts 4.3 Explain FIVE (5) reasons for new ventures to be fail and what aspects should an entrepreneur consider essential when evaluating a new business with relevant examples