Entrepreneurship 101
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Entrepreneurship</p> Signup and view all the answers

    How has entrepreneurship been described in more narrow definitions?

    <p>The process of managing business risks</p> Signup and view all the answers

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