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Different Types of Entrepreneurship Quiz

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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?

Generating new ideas and ventures within the organization Signup and view all the answers

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

Sandeep Maheshwari Signup and view all the answers

In which type of entrepreneurship is learning from failures encouraged?

Acquisitive Entrepreneurship Signup and view all the answers

What is the focus of Administrative Entrepreneurship?

Managing quality and job redesign Signup and view all the answers

Which example best represents Administrative Entrepreneurship according to the text?

Introducing an old-age pension scheme by the government Signup and view all the answers

What is the main characteristic of Opportunistic Entrepreneurship?

Adapting quickly to immediate opportunities Signup and view all the answers

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

Taking advantage of favorable conditions promptly Signup and view all the answers

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

By maximizing efficiency and sustaining competitiveness Signup and view all the answers

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

Effectively managing current and future situations Signup and view all the answers