Social networks can help protect your venture by giving you advice when you are confronted with high-risk situations or are going through a rough patch.

Question

BlackTom AI · Accepted Answer

Consider the statement about social networks and venture protection. 
Option 1: True. This claim holds because social networks often provide access to mentors, peers, and experts who can share experience-based advice, warn about high-risk approaches, and offer emotional support during difficult periods. Such networks can reduce uncertainty, improve decision-making, and provide practical resources or introductions when navigating a rough patch. 
Option 2: False. This would imply that social networks do not offer protective benefits in high-risk scenarios or challenging times, which contradicts common understanding of how entrepreneurial communities and networks function. In reality, many founders rely on their networks for risk assessment, feedback, and reassurance, making this option incorrect. 
In summary, the assertion that social networks can help protect a venture by providing guidance in high-risk or tough times aligns with how networks serve as advisory and support ecosystems, while denying this role ignores well-documented benefits of such networks.

33:382:302:03 INTRO TO ENTREPREN Intro to Entrepreneurship Midterm Exam Fall 2025

Social networks can help protect your venture by giving you advice when you are confronted with high-risk situations or are going through a rough patch.

View Explanation

Log in for full answers

Similar Questions

Question at position 33 According to Module 3 lectures, when networking, you should offer value to others before seeking reciprocation.TrueFalse

Question at position 7 According to Lecture 3.4, in the “Rethinking Networking” section, which principle emphasizes that regular visibility beats one-hit wonders?Reach In, Not OutAuthentic ConnectionConsistency > ViralityComments Count

One way to nurture your network is to

Question at position 13 When conducting an informational interview, what should be your primary focus?Critiquing the company's current practicesNegotiating salary expectations for future rolesBuilding relationships and gaining industry insightsAsking directly for job openings and referrals

Question at position 8 According to "The Real Truth About Networking" section in Lecture 3.4, the stories presented are NOT about:Creating meaningful connectionsGoing viral or gaming the algorithmBuilding authentic relationshipsShowing up consistently

What involves making contacts with people who may be instrumental in getting you a job?

Which is a skill that employees particularly seek but often do not find?

More Practical Tools for Students Powered by AI Study Helper

Homework AI Solver

Stylized AI Paper Writer

Plagiarism Checker Assistant

Citation AI Academic Writing Tool

In-Class Translation Assistant

AI Note Generator

AI Quiz Answers

Past Exam Questions from University Test Bank

Smart Practice Assistant

Adaptive Practice

Making Your Study Simpler