Different Types of Entrepreneurship Quiz
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Questions and Answers

What does opportunistic entrepreneurship involve?

  • Ignoring all changes in the business environment
  • Learning from failures and never developing new skills
  • Focusing solely on acquiring existing ventures
  • Identifying, exploiting, and performing upcoming opportunities (correct)

Which entrepreneur is mentioned as an example of Acquisitive Entrepreneurship?

  • Sandeep Maheshwari (correct)
  • Arthur Fry
  • Lan Hancock
  • FedEx

What does Acquisitive Entrepreneurship aim to improve?

  • Generating new ideas within the organization
  • Avoiding any failures in business operations
  • Competitive environment
  • Efficiency of the business and related competencies (correct)

What characterizes Incubative Entrepreneurship?

<p>Generating new ideas and ventures within the organization (A)</p> Signup and view all the answers

Which entrepreneur failed initially but later found success with a big idea?

<p>Sandeep Maheshwari (B)</p> Signup and view all the answers

In which type of entrepreneurship is learning from failures encouraged?

<p>Acquisitive Entrepreneurship (B)</p> Signup and view all the answers

What is the focus of Administrative Entrepreneurship?

<p>Managing quality and job redesign (A)</p> Signup and view all the answers

Which example best represents Administrative Entrepreneurship according to the text?

<p>Introducing an old-age pension scheme by the government (C)</p> Signup and view all the answers

What is the main characteristic of Opportunistic Entrepreneurship?

<p>Adapting quickly to immediate opportunities (D)</p> Signup and view all the answers

In Opportunistic Entrepreneurship, what does the proverb 'hit the iron when it is hot' signify?

<p>Taking advantage of favorable conditions promptly (B)</p> Signup and view all the answers

How does Administrative Entrepreneurship contribute to an organization's success?

<p>By maximizing efficiency and sustaining competitiveness (D)</p> Signup and view all the answers

Which of the following describes the approach of Administrative Entrepreneurship towards managing situations?

<p>Effectively managing current and future situations (B)</p> Signup and view all the answers

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