Entrepreneurship Basics Quiz

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What is entrepreneurship?

Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk, and potentially involving values besides simply economic ones.

Who is an entrepreneur?

An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.

What is the process of setting up a business known as?

The process of setting up a business is known as 'entrepreneurship'.

What is the capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit known as?

<p>The capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit is known as entrepreneurship.</p> Signup and view all the answers

How is entrepreneurship commonly seen?

<p>The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.</p> Signup and view all the answers