Entrepreneurship and Economic Value Quiz
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Questions and Answers

Which of the following best describes entrepreneurship?

  • The process of starting a business
  • The management of a business venture
  • The development of new ideas and goods
  • The creation or extraction of economic value (correct)

    • What is an entrepreneur?

  • An individual who manages a business
  • An individual who develops new ideas
  • An individual who invests in businesses
  • An individual who takes risks in business (correct)

    • What is the process of setting up a business called?

  • Management
  • Innovation
  • Entrepreneurship (correct)
  • Investment

    • Which of the following is a narrow definition of entrepreneurship?

    <p>The capacity and willingness to develop, organize and manage a business venture</p> Signup and view all the answers

    What are individuals who create businesses often referred to as?

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

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