Entrepreneurship 101
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Questions and Answers

Which two French words does the word entrepreneur derive from?

  • entrepreneur and process
  • meaning and prendre
  • entre and prendre (correct)
  • entre and meaning

According to the academic definition by Stevenson and Jarillo, what is entrepreneurship?

  • The behavior of entrepreneurs trying to identify opportunities and putting useful ideas into practice.
  • The process by which individuals pursue opportunities without regard to resources they currently control. (correct)
  • The art of turning an idea into a business.
  • The process of transforming an invention or an idea into a viable business.

Which of the following best describes the alternative view of entrepreneurship?

  • The behavior of entrepreneurs trying to identify opportunities and putting useful ideas into practice.
  • The process of transforming an invention or an idea into a viable business.
  • The art of turning an idea into a business. (correct)
  • The process by which individuals pursue opportunities without regard to resources they currently control.

What do entrepreneurs do to transform an invention or an idea into a viable business?

<p>Assemble and integrate all the resources needed. (D)</p> Signup and view all the answers

What is corporate entrepreneurship?

<p>The conceptualization of entrepreneurship at the firm level. (A)</p> Signup and view all the answers

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