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Entrepreneurship Basics

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Questions and Answers

Who can be rightly called a person with entrepreneurial traits?

Only business tycoons like L.N. Mittal or Bill Gates

Exclusively individuals who invest in large industrial ventures

Anyone exhibiting characteristics like self-development, creativity, self-decision making, and risk-taking (correct)

Only people who work for others in a business setting

What is entrepreneurship?

A process by which individuals work for others in a business setting

A process by which individuals pursue artistic endeavors

A process by which individuals invest in existing businesses

A process by which individuals launch and manage their business and industrial enterprises (correct)

What are some characteristics of entrepreneurship?

Following instructions, conformity, risk-aversion, and routine work

Passivity, fixed mindset, lack of creativity, and aversion to taking any risks

Submissiveness, dependence, fear of change, and lack of initiative

Self-development, creativity, self-decision making, and risk-taking (correct)

In what context can virtually everybody be considered entrepreneurial?

In terms of self-development, creativity, self-decision making, and risk-taking Signup and view all the answers

What does the term 'entrepreneurship' refer to?

Launching and managing personal and industrial enterprises Signup and view all the answers

When can a person running a business be called an entrepreneur?

When exhibiting characteristics of self-development, creativity, self-decision making, and risk-taking Signup and view all the answers

Which of the following is an example of entrepreneurial traits?

An athlete practicing to improve performance Signup and view all the answers

Who can be rightly called a person with entrepreneurial traits?

A musician who creates original compositions Signup and view all the answers

What is an essential characteristic of an entrepreneur?

Risk-taking Signup and view all the answers

In what context can virtually everybody be considered entrepreneurial?

Exhibiting self-development and creativity Signup and view all the answers

Which of the following best describes the term 'entrepreneurship' based on the passage?

The process of launching and managing business and industrial enterprises Signup and view all the answers

In what context can virtually everybody be considered entrepreneurial, as per the passage?

Self-development and creativity in daily life Signup and view all the answers

What distinguishes an entrepreneur based on the passage?

Risk and investment of own capital into business ventures Signup and view all the answers

Which of the following activities best exemplifies entrepreneurial traits based on the passage?

A housewife using waste material for making a piece of art Signup and view all the answers

What is the key characteristic of a person with entrepreneurial traits, as per the passage?

Self-development, creativity, self-decision making, and risk-taking Signup and view all the answers

Entrepreneurship Basics

Choose a study mode

Podcast

Questions and Answers

Who can be rightly called a person with entrepreneurial traits?

What is entrepreneurship?

What are some characteristics of entrepreneurship?

In what context can virtually everybody be considered entrepreneurial?

What does the term 'entrepreneurship' refer to?

When can a person running a business be called an entrepreneur?

Which of the following is an example of entrepreneurial traits?

Who can be rightly called a person with entrepreneurial traits?

What is an essential characteristic of an entrepreneur?

In what context can virtually everybody be considered entrepreneurial?

Which of the following best describes the term 'entrepreneurship' based on the passage?

In what context can virtually everybody be considered entrepreneurial, as per the passage?

What distinguishes an entrepreneur based on the passage?

Which of the following activities best exemplifies entrepreneurial traits based on the passage?

What is the key characteristic of a person with entrepreneurial traits, as per the passage?

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