Podcast
Questions and Answers
What is the definition of entrepreneurship according to Fajardo (2009)?
What is the definition of entrepreneurship according to Fajardo (2009)?
- The science of converting processed ideas into a remarkable business venture
- The process of selling goods in exchange for profit
- The ability to manage and direct a business venture effectively
- The capacity for innovation and expansion of new market, products, and techniques (correct)
What is the main responsibility of an entrepreneur?
What is the main responsibility of an entrepreneur?
- Organizing, managing, and assuming risks of a business (correct)
- Minimizing risks in a business venture
- Creating job opportunities for others
- Selling products in a market
How do entrepreneurs support the economy?
How do entrepreneurs support the economy?
- By solely creating jobs in their own company
- By only focusing on profit generation
- By promoting the growth of businesses in the local area (correct)
- By encouraging the spending of money within the community
What differentiates an entrepreneur from other individuals in terms of business activities?
What differentiates an entrepreneur from other individuals in terms of business activities?
How does the existence of a new company impact the local economy according to the text?
How does the existence of a new company impact the local economy according to the text?
What percentage of entrepreneurs donate their time to charity?
What percentage of entrepreneurs donate their time to charity?
Which personal entrepreneurial competency involves the ability to seek and identify new opportunities?
Which personal entrepreneurial competency involves the ability to seek and identify new opportunities?
What differentiates an entrepreneur from an ordinary businessman?
What differentiates an entrepreneur from an ordinary businessman?
Which entrepreneurial skill involves striving to produce quality products or services efficiently?
Which entrepreneurial skill involves striving to produce quality products or services efficiently?
What contributes to the continuous growth of a country's Gross Domestic Product (GDP) according to the text?
What contributes to the continuous growth of a country's Gross Domestic Product (GDP) according to the text?
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