Are You an Entrepreneurial Expert?

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Questions and Answers

Define the term 'entrepreneur' in your own words.

An entrepreneur is someone who takes the initiative to organize and start a business to take advantage of an opportunity, makes decisions about production, supplies risk capital, and monitors and controls business activities.

What are the characteristics/qualities of an entrepreneur?

The characteristics/qualities of an entrepreneur include independence, initiative, drive to achieve, risk-taking, decision-making, and monitoring and controlling business activities.

Who can be an entrepreneur?

Anyone who exhibits the characteristics/qualities of an entrepreneur, such as independence, initiative, drive to achieve, risk-taking, decision-making, and monitoring and controlling business activities, can be an entrepreneur.

What is the role of an entrepreneur in a venture?

<p>The role of an entrepreneur in a venture is to organize and start the business, make decisions about what, how, and how much to produce, supply risk capital, and monitor and control business activities.</p> Signup and view all the answers

What are the different types of entrepreneurs?

<p>The different types of entrepreneurs include sole proprietors, partners, and majority shareholders in incorporated ventures.</p> Signup and view all the answers