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Entrepreneurship Benefits to an Organization

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Entrepreneurship Benefits to an Organization

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Questions and Answers

What is the main benefit of entrepreneurship related to the development of managerial capabilities?

Enhancing one's managerial skills (correct)

Decreasing organization's expenses

Creating new job opportunities

Improving standard of living

What word is 'entrepreneur' derived from?

Italian verb 'imprenditore'

French verb 'enterprendre' (correct)

English verb 'enterprising'

German verb 'unternehmer'

What is a key characteristic of entrepreneurs mentioned in the text?

Resistance to change

Risk-averse

Willingness to take risks (correct)

Hesitant to innovate

Which personality factor is associated with an entrepreneur who can retain good relations with others?

Persuasion Signup and view all the answers

What is the primary way entrepreneurship contributes to economic development in a society?

Lifting up the economic status of individuals and the society Signup and view all the answers

What is a common competency in entrepreneurship based on the text?

Having a convincing power Signup and view all the answers

What is a core competency in entrepreneurship?

Constantly seeking new ideas Signup and view all the answers

Which type of entrepreneur is skeptical about changes and only follows after being satisfied?

Fabian entrepreneur Signup and view all the answers

What is a career opportunity mentioned in the text related to entrepreneurship?

Business Consultant Signup and view all the answers

Which type of entrepreneur initiates changes and drives social innovation in various fields?

Social entrepreneur Signup and view all the answers