12 Questions
What is one of the key abilities an entrepreneur must have?
Creating new things by thinking of new ideas
Why is entrepreneurship considered an economic activity?
To create and operate an enterprise to create value or wealth
What is a characteristic of successful entrepreneurs?
Pursuing business ideas with courage
How can a graduate of entrepreneurship use their knowledge?
Teaching or giving advice to other entrepreneurs
What distinguishes entrepreneurs who initiate changes from those who don't?
Creating new things by thinking of new ideas
What is one of the ways entrepreneurs can be compensated?
Making profit from the operation
What does it mean when the text mentions developing managerial skills as a benefit for an entrepreneur?
Entrepreneurs are expected to improve their managerial skills
What does 'undertake' mean in relation to entrepreneurship?
Taking on the risk of starting a business venture
Why is it important for an entrepreneur to classify and seize opportunities?
To capitalize on potential business prospects
What is the significance of an entrepreneur retaining good relations with other people?
It helps in creating a positive work environment
Why must an entrepreneur calculate risks based on various factors before taking action?
To consider political, economic, and market conditions
Which trait is essential for an entrepreneur according to the text?
Being firm in making decisions
Test your knowledge on the benefits of entrepreneurship and how it can impact individuals, organizations, and society. Learn about the development of managerial skills, the creation of organizations, economic upliftment, and societal improvements.
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