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Questions and Answers
Entrepreneurship involves seeking opportunities for a market, establishing and operating a business opportunity, and assessing its risks and rewards through close monitoring of operations.
Entrepreneurship involves seeking opportunities for a market, establishing and operating a business opportunity, and assessing its risks and rewards through close monitoring of operations.
True (A)
Entrepreneurship is the process of maintaining an existing business venture to ensure consistent profit.
Entrepreneurship is the process of maintaining an existing business venture to ensure consistent profit.
False (B)
Developing a business venture through entrepreneurship does not involve assessing risks and rewards.
Developing a business venture through entrepreneurship does not involve assessing risks and rewards.
False (B)
A sound business plan is not necessary for successful entrepreneurship.
A sound business plan is not necessary for successful entrepreneurship.
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Entrepreneurship only benefits the entrepreneur and not the society or economy.
Entrepreneurship only benefits the entrepreneur and not the society or economy.
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Entrepreneurship does not have any impact on wealth distribution within local communities.
Entrepreneurship does not have any impact on wealth distribution within local communities.
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Creating innovative products and services is not part of the entrepreneurial process.
Creating innovative products and services is not part of the entrepreneurial process.
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