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Questions and Answers
What is the primary objective of entrepreneurship?
What is the primary objective of entrepreneurship?
- To take on financial risks for personal gain (correct)
- To eliminate competition in the market
- To manage existing businesses
- To provide employment opportunities
Which of the following best describes entrepreneurship?
Which of the following best describes entrepreneurship?
- 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
What does taking on financial risks in entrepreneurship imply?
What does taking on financial risks in entrepreneurship imply?
- 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
Which statement accurately reflects the nature of entrepreneurship?
Which statement accurately reflects the nature of entrepreneurship?
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What is a key characteristic of successful entrepreneurs?
What is a key characteristic of successful entrepreneurs?
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