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Questions and Answers
What is the origin of the term 'entrepreneur'?
What is the origin of the term 'entrepreneur'?
- German term for 'risk-taker'
- Italian verb meaning 'to innovate'
- French verb meaning 'to undertake' (correct)
- Spanish word for 'business owner'
According to Joseph Schumpeter, who is responsible for creating new things?
According to Joseph Schumpeter, who is responsible for creating new things?
- Entrepreneurs (correct)
- Consumers
- Governments
- Companies
How did Frank Knight view entrepreneurs in relation to uncertainty?
How did Frank Knight view entrepreneurs in relation to uncertainty?
- As risk avoiders
- As followers of trends
- As bearers of uncertainty (correct)
- As profit maximizers
What did Israel Kirzner see entrepreneurship as?
What did Israel Kirzner see entrepreneurship as?
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Which characteristic is commonly associated with entrepreneurs?
Which characteristic is commonly associated with entrepreneurs?
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