Entrepreneur vs Manager: Understanding the Difference
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Questions and Answers

What is the primary motivation of an entrepreneur?

  • Achievement (correct)
  • Power
  • Preserving status quo
  • Profit

What is the term for someone who takes risks within a company to solve a problem and innovate?

  • Product Champion
  • Entrepreneur
  • Intrapreneur (correct)
  • Manager

What is the main difference between a wage employee and an entrepreneur?

  • Fixed income vs. variable income
  • Routine job vs. creative activity
  • Working for others vs. working for oneself
  • All of the above (correct)

What is the goal of the entrepreneurial decision process?

<p>To create wealth and contribute to GDP (D)</p> Signup and view all the answers

What is a group of intrapreneurs kept separate from the rest of the organization called?

<p>Skunkworks (A)</p> Signup and view all the answers

What is the driving force behind an entrepreneur's approach to tasks?

<p>Intuition and creativity (C)</p> Signup and view all the answers

What is a key characteristic of an entrepreneur, according to the concept of entrepreneurial traits?

<p>Seeking to do something different and unique (D)</p> Signup and view all the answers

Which of the following definitions of entrepreneurship focuses on the process of pursuing opportunities?

<p>Stevenson &amp; Jarillo's definition (A)</p> Signup and view all the answers

What is the primary role of an entrepreneur, according to David Holt's definition?

<p>Taking initiative and risk (B)</p> Signup and view all the answers

What is the primary goal of an entrepreneur, according to the concept of entrepreneurial traits?

<p>Meeting the changing requirements of customers (D)</p> Signup and view all the answers

Which of the following is NOT a characteristic of an entrepreneur, according to the definitions provided?

<p>Bureaucrat (A)</p> Signup and view all the answers

What is the outcome of an entrepreneur's actions, according to the concept of entrepreneurship?

<p>Creation of something new to provide value to customers (B)</p> Signup and view all the answers

What type of entrepreneur introduces a new good, inaugurates a new method of production, discovers a new market, and reorganizes the enterprise?

<p>Innovating Entrepreneur (A)</p> Signup and view all the answers

Which type of entrepreneur is characterized by a refusal to adopt opportunities to make changes in the production formulae?

<p>Drone Entrepreneur (B)</p> Signup and view all the answers

What is a characteristic of Fabian entrepreneurs?

<p>Great caution and skepticism in experimenting with changes (C)</p> Signup and view all the answers

Which of the following is NOT a basis for classifying entrepreneurs?

<p>Age (A)</p> Signup and view all the answers

What is an example of a classification of entrepreneurs based on size?

<p>Small Scale, Large Scale (D)</p> Signup and view all the answers

What is a characteristic of imitative entrepreneurs?

<p>Readiness to adopt successful innovations (A)</p> Signup and view all the answers

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