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Entrepreneurial Development Lecture Notes

16 Questions

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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?

'To undertake' Signup and view all the answers

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

'Enterprise' Signup and view all the answers

What is created by an entrepreneur according to the text?

Enterprise Signup and view all the answers

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

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 Signup and view all the answers

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

Entrepreneurship Signup and view all the answers

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

The manager operates under normal conditions, while successful entrepreneurship requires exactly the opposite qualities Signup and view all the answers

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

From conception to continuation, bringing a business into existence Signup and view all the answers

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

The entrepreneur creates jobs, whereas the capitalist tries to increase the return on his capital Signup and view all the answers

What does entrepreneurship generally involve according to the text?

Exploiting a business opportunity by taking associated risks and combining factors of production Signup and view all the answers

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

It significantly contributes to economic development through job creation and wealth generation Signup and view all the answers

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

The creation of new business enterprises by individuals or small groups Signup and view all the answers

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

Being an employee who executes decisions with fixed rewards and salary Signup and view all the answers

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

Being different from a manager and requiring exactly opposite qualities for success Signup and view all the answers