Podcast
Questions and Answers
What is the most important factor that differentiates an entrepreneur from a worker according to the text?
What is the most important factor that differentiates an entrepreneur from a worker according to the text?
- Uncertainty in production
- Risk-taking (correct)
- Shouldering the risk
- Anticipating random events
What theory asserts that social cultures have significant contributions to entrepreneurship?
What theory asserts that social cultures have significant contributions to entrepreneurship?
- Leibenstein's gap-filling theory
- Kaldor's technological theory
- Kirzner's learning-alertness theory
- Weber's sociological theory (correct)
What does Leibenstein's gap-filling theory advocate according to the text?
What does Leibenstein's gap-filling theory advocate according to the text?
- Learning and alertness as the primary attributes of entrepreneurhip
- That uncertainty is an important factor in the production of goods and services
- That entrepreneurship fills the gap in any economic activity (correct)
- The advancement of technology as an element of production
What does the text state about the compounded benefits of entrepreneurship?
What does the text state about the compounded benefits of entrepreneurship?
What is the primary focus of Kirzner's learning-alertness theory?
What is the primary focus of Kirzner's learning-alertness theory?
In the example provided, what type of business did Juana open?
In the example provided, what type of business did Juana open?
What is the relationship between the benefits of entrepreneurship and the government?
What is the relationship between the benefits of entrepreneurship and the government?
What is the most important element of production according to Kaldor's technological theory?
What is the most important element of production according to Kaldor's technological theory?
Which of the following is NOT mentioned as a key trait or competency of an entrepreneur in the text?
Which of the following is NOT mentioned as a key trait or competency of an entrepreneur in the text?
What is the primary role of the government in the compounded benefits of entrepreneurship?
What is the primary role of the government in the compounded benefits of entrepreneurship?
