Entrepreneurial Development Lecture Notes
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Questions and Answers

What is the origin of the word 'entrepreneur' according to the French language?

  • It is derived from the French verb 'entrer' meaning 'to enter'
  • It is derived from the French word 'entrepreneur' meaning 'risk-taker'
  • It is derived from the French verb 'entreprendre' meaning 'to undertake' (correct)
  • It is derived from the French word 'entreprise' meaning 'enterprise'

What does the process of creation by an entrepreneur refer to?

  • Enterprise implementation
  • Innovation execution
  • Risk management
  • Entrepreneurship (correct)

According to Kaplan (2003), when did the word 'entrepreneur' emerge?

  • 16th century
  • 17th century (correct)
  • 15th century
  • 12th century

What does the French verb 'enterprendre' mean?

<p>'To undertake' (B)</p> Signup and view all the answers

What is the literal meaning of the French word 'entreprise'?

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

What is created by an entrepreneur according to the text?

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

According to Kent, Sexton, and Vesper, how did they define entrepreneurship?

<p>The act of creating new business enterprises by individuals or small groups, with the entrepreneur assuming the role of society's major agent of change (A)</p> Signup and view all the answers

What did Gines note as a key factor in economic development and growth through the creation of wealth?

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

Why is so much emphasis placed on the difference between an entrepreneur and a manager?

<p>The manager operates under normal conditions, while successful entrepreneurship requires exactly the opposite qualities (C)</p> Signup and view all the answers

What is the nature of an entrepreneur's job as compared to that of a promoter?

<p>From conception to continuation, bringing a business into existence (C)</p> Signup and view all the answers

What distinguishes an entrepreneur from a capitalist according to the text?

<p>The entrepreneur creates jobs, whereas the capitalist tries to increase the return on his capital (A)</p> Signup and view all the answers

What does entrepreneurship generally involve according to the text?

<p>Exploiting a business opportunity by taking associated risks and combining factors of production (A)</p> Signup and view all the answers

According to Gines (2015), what role does entrepreneurship play in economic development?

<p>It significantly contributes to economic development through job creation and wealth generation (D)</p> Signup and view all the answers

What is described as closely linked with economic empowerment according to the text?

<p>The creation of new business enterprises by individuals or small groups (A)</p> Signup and view all the answers

What distinguishes an intrapreneur from an entrepreneur based on Table 1?

<p>Being an employee who executes decisions with fixed rewards and salary (C)</p> Signup and view all the answers

What is emphasized as the essence of entrepreneurship according to the text?

<p>Being different from a manager and requiring exactly opposite qualities for success (A)</p> Signup and view all the answers

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