I believe the answer is Dunning-Kruger effect
Dunnig-Kruger effect happens when <span> Someone with low ability suffer from illusory superiority,
This make them actually believe that they're actually better than other people even though they do not possess any actual achievement/proof to backed their perception.</span>
Mike assumed all the risk.
An entrepreneur is typically a small business owner who starts their own business and assumes all the risk. This means that if the business fails, the entrepreneur is the one who looses his investment. If the business is sued or does not deliver on their end of a contract, this is also the responsibility of the entrepreneur.
They were passed so that the US could have written down laws to abide by. If it’s multiple choice, then you have to put the answers. Give Brainliest pls lol