Entrepreneur vs Manager: Understanding the Difference
18 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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</p> Signup and view all the answers

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

    <p>Skunkworks</p> Signup and view all the answers

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

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

    What is a characteristic of Fabian entrepreneurs?

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

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

    <p>Age</p> Signup and view all the answers

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

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

    What is a characteristic of imitative entrepreneurs?

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

    More Like This

    Use Quizgecko on...
    Browser
    Browser