Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Which of the following best describes entrepreneurship?
Which of the following best describes entrepreneurship?
- The process of managing a business venture
- The process of creating economic value (correct)
- The process of investing in businesses
- The process of designing and launching a new business
What is the role of an entrepreneur in a business venture?
What is the role of an entrepreneur in a business venture?
- To invest in the business and manage its operations
- To innovate and come up with new ideas
- To bear all the risks and enjoy all the rewards (correct)
- To develop and organize the business venture
How is entrepreneurship different from starting a regular business?
How is entrepreneurship different from starting a regular business?
- Entrepreneurship involves more risks than starting a regular business
- Entrepreneurship focuses only on economic values
- Entrepreneurship requires innovation and new ideas (correct)
- Entrepreneurship is the same as starting a regular business
What is the process of setting up a business called?
What is the process of setting up a business called?
Signup and view all the answers
How has entrepreneurship been described in more narrow definitions?
How has entrepreneurship been described in more narrow definitions?
Signup and view all the answers
