Characteristics of Entrepreneurship Quiz
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Questions and Answers

Which function of entrepreneurship deals proactively with changing markets and environment?

  • Risk bearing capacity
  • Dynamic function (correct)
  • Organising function
  • Managerial and leadership functions

    • What is the purpose of entrepreneurship according to Dr. Atul Loomba?

  • Creating new job, new task, and new venture
  • Promoting business and industries in society
  • Bridging the gap between human wants and available products
  • Satisfying the changing needs of consumers (correct)

    • In what type of environment does entrepreneurship always work according to the provided information?

  • Environment with minimal changes
  • Highly regulated environment
  • Slow and stable environment
  • Open environment of fast changes (correct)

    • According to Dr. Atul Loomba, which knowledge is essential for improved entrepreneurship?

    <p>Knowledge of economics, sociology, and psychology</p> Signup and view all the answers

    What is the main characteristic of entrepreneurship according to the given text?

    <p>Risk bearing capacity</p> Signup and view all the answers

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