Entrepreneurship and Technopreneurship Midterm Review Quiz
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Questions and Answers

What is the main focus of technopreneurship?

  • Competing in the market
  • Financial risk-taking
  • Creating goods or services for the market
  • Innovation through the use of technology (correct)
  • How does an entrepreneur differ from a technopreneur?

  • An entrepreneur is more likely to work for themselves, while a technopreneur prefers to work for a company
  • An entrepreneur is more likely to concentrate on achieving financial success, while a technopreneur is more focused on creating goods or services
  • An entrepreneur is more likely to compete, while a technopreneur focuses on innovation (correct)
  • An entrepreneur takes on more financial risk than a technopreneur
  • What does entrepreneurship involve?

  • Studying how to start a business and actually starting it (correct)
  • Taking on financial risk without any hope of profit
  • Focusing solely on increasing jobs in the market
  • Creating goods or services without any financial risk
  • What is the primary motivation for an entrepreneur?

    <p>Achieving financial success</p> Signup and view all the answers

    What does an entrepreneur do according to the text?

    <p>Can do multiple things at one time</p> Signup and view all the answers

    Study Notes

    Technopreneurship and Entrepreneurship

    • The main focus of technopreneurship is the creation and development of innovative and technology-based products or services.

    Entrepreneurship vs Technopreneurship

    • An entrepreneur is an individual who creates a venture with the goal of earning profits, whereas a technopreneur focuses on utilizing technology to create innovative products or services.

    Entrepreneurship

    • Entrepreneurship involves identifying business opportunities, creating a business plan, taking calculated risks, and managing resources to achieve business goals.

    Motivation and Role of an Entrepreneur

    • The primary motivation for an entrepreneur is often a desire for financial gain or independence.
    • An entrepreneur identifies opportunities, innovates, takes risks, and manages resources to create a successful business venture.

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    Description

    Test your knowledge of entrepreneurship and technopreneurship with this midterm review quiz. Explore the concepts of setting up a business, taking financial risks, and creating goods or services for the market. Prepare for your exam and enhance your understanding of these key business principles.

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