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Are You Ready to Take the Entrepreneurship Challenge?
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Are You Ready to Take the Entrepreneurship Challenge?

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Questions and Answers

What is entrepreneurship?

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.

Who is an entrepreneur?

An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.

What is the process of setting up a business known as?

The process of setting up a business is known as 'entrepreneurship'.

How is entrepreneurship often described?

<p>Entrepreneurship is often described as the process of designing, launching, and running a new business, which is often similar to a small business.</p> Signup and view all the answers

What are some reasons why startups have to close?

<p>Startups may have to close due to lack of funding, bad business decisions, government policies, an economic crisis, a lack of market demand, or a combination of these factors.</p> Signup and view all the answers

What does the efficient-market hypothesis (EMH) state?

<p>Asset prices reflect all available information</p> Signup and view all the answers

What is a direct implication of the efficient-market hypothesis (EMH)?

<p>It is impossible to consistently 'beat the market' on a risk-adjusted basis</p> Signup and view all the answers

What is the focus of research in financial economics related to the efficient-market hypothesis (EMH) since the 1990s?

<p>Market anomalies</p> Signup and view all the answers

Who is closely associated with the idea that financial market returns are difficult to predict?

<p>Eugene Fama</p> Signup and view all the answers

What did empirical research on return predictability find in the 1980s-2000s?

<p>An explosion of discovered return predictors</p> Signup and view all the answers

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