Entrepreneurship Basics
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Questions and Answers

What is the primary role of an entrepreneur?

  • Following instructions meticulously in a new business endeavor
  • Taking on most of the risks and reaping most of the rewards in a new business venture (correct)
  • Avoiding any risk in the business environment
  • Providing financial support to an existing business
  • Where does the term 'entrepreneur' originate from?

  • Japanese expression for 'market innovator'
  • German word for 'business creator'
  • Latin term for 'risk-taker'
  • French verb enterprende, meaning 'to undertake' (correct)
  • Which personality factor is essential for entrepreneurship?

  • Initiative (correct)
  • Procrastination
  • Pessimism
  • Risk aversion
  • What do entrepreneurs do with unique ideas?

    <p>Generate profitable solutions to market needs</p> Signup and view all the answers

    Which environmental factor can impact entrepreneurship?

    <p>Political and economic conditions</p> Signup and view all the answers

    What does it mean to be proactive in entrepreneurship?

    <p>Actively identifying and seizing opportunities</p> Signup and view all the answers

    What is one of the characteristics of an Innovative Entrepreneur?

    <p>They constantly look for new ideas</p> Signup and view all the answers

    What drives Social Entrepreneurs according to the text?

    <p>Initiating changes and driving social innovation</p> Signup and view all the answers

    How can entrepreneurs increase their motivation as stated in the text?

    <p>Celebrate small goals and break down big goals into milestones</p> Signup and view all the answers

    Which type of entrepreneur is described as skeptical about making changes and only follows after being satisfied?

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

    What is the role of creativity in entrepreneurship according to the text?

    <p>Creativity helps turn ideas into a real business</p> Signup and view all the answers

    How can entrepreneurs overcome daily obstacles according to the text?

    <p>Adopt a positive mindset to overcome negativity</p> Signup and view all the answers

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