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Questions and Answers
Which of the following best describes entrepreneurship?
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?
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?
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?
Which of the following is a narrow definition of entrepreneurship?
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What are individuals who create businesses often referred to as?
What are individuals who create businesses often referred to as?
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