Entrepreneurship Basics Quiz

To take on financial risks for personal gain (correct)

To eliminate competition in the market

To manage existing businesses

To provide employment opportunities

The act of purchasing an already established company

The process of enhancing company operations

The activity of starting a business and assuming financial risks (correct)

The management of public services and nonprofit organizations

Investing money that guarantees a profit

Engaging in uncertain business ventures for potential profit (correct)

Attempting to minimize expenses while maximizing revenue

Avoiding any investment in uncertain markets

<p>Entrepreneurship can be pursued by individuals as well as organizations</p> Signup and view all the answers

<p>An ability to identify and take calculated risks for potential profit</p> Signup and view all the answers