Entrepreneurial Management Midterm
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Questions and Answers

What is one of the roles of entrepreneurs in the economy?

  • Takers of capital
  • Mobilizers of capital (correct)
  • Wasters of capital
  • Hoarders of capital

    • How do entrepreneurs contribute to economic development?

  • By providing employment and income (correct)
  • By creating scarcity of products and services
  • By avoiding payment of taxes
  • By reducing government services

    • What do business establishments contribute to the government?

  • Donations
  • Subsidies
  • Taxes (correct)
  • Loans

    • What do entrepreneurs provide through their business ventures?

    <p>Products and services</p> Signup and view all the answers

    What do entrepreneurs do in their business ventures?

    <p>Hire people to help them</p> Signup and view all the answers

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