Entrepreneurship

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Questions and Answers

What was the meaning of the word 'entrepreneur' during the ancient period?

  • A person who signed a contractual agreement with the government
  • A person managing large commercial projects (correct)
  • A person who provides stipulated/specified products or services
  • A person who takes risks

Who developed the first theory of entrepreneurship in the 18th Century?

  • Farmers
  • The government
  • Merchants
  • Richard Cantillon (correct)

What is the main focus of the increasing demand in the field of entrepreneurship?

  • Nature of entrepreneurship (correct)
  • Historical origin of entrepreneurship
  • Role of entrepreneurs in society
  • Meaning of the word 'entrepreneurship'

Which of the following best describes an entrepreneur?

<p>A person who takes risks (A)</p> Signup and view all the answers

What did Richard Cantillon believe about merchants, farmers, and professionals?

<p>They all operate at risk (B)</p> Signup and view all the answers

Entrepreneurship is frequently asked about in order to understand the ____________ of the word entrepreneurship

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

During the ancient period, an entrepreneur referred to a person managing large commercial projects through provided ____________

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

In the 17th Century, an entrepreneur was someone who signed a contractual agreement with the government to provide stipulated/specified ____________ or perform service

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

Richard Cantillon believed that an entrepreneur is a ____________ taker

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

Merchants, farmers, and professionals all operate at ____________

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

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