Entrepreneurship Basics
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Questions and Answers

What percentage of entrepreneurs donate their time to charitable causes?

  • 50%
  • 30%
  • 70% (correct)
  • 20%

    • What personal entrepreneurial competency involves the ability to seek and identify new business opportunities?

  • Risk Taking
  • Opportunity Seeking and Initiative (correct)
  • Goal Setting
  • Information Seeking

    • What is a key aspect that differentiates an entrepreneur from an ordinary businessman?

  • Creativity and Innovation (correct)
  • Networking Abilities
  • Marketing Skills
  • Financial Resources

    • What is the entrepreneurial skill related to minimizing risks and controlling outcomes?

    <p>Risk assessment</p> Signup and view all the answers

    How does putting up their own business benefit entrepreneurs beyond making profits?

    <p>Creating employment opportunities</p> Signup and view all the answers

    What is entrepreneurship defined as?

    <p>The science of converting raw ideas into a successful business venture</p> Signup and view all the answers

    According to Fajardo (2009), what does entrepreneurship entail?

    <p>Risk-taking and investment in resources to create something unique</p> Signup and view all the answers

    What is a key characteristic of an entrepreneur?

    <p>Seeking profitable opportunities for goods or services</p> Signup and view all the answers

    How does entrepreneurship support the economy?

    <p>By creating job opportunities and contributing to local economies</p> Signup and view all the answers

    What is one way entrepreneurs contribute to job creation?

    <p>By expanding and growing their businesses</p> Signup and view all the answers

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