Entrepreneurship Chapter 1: Concepts and Characteristics
12 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What term describes the process of creating something new with value by assuming risks and receiving rewards?

  • Creativity
  • Independence
  • Entrepreneurship (correct)
  • Innovation

Which adjective describes how an entrepreneur undertakes their projects?

  • Conventional
  • Entrepreneurial (correct)
  • Innovative
  • Risk-free

What was an entrepreneur in the 17th Century according to the text?

  • A service provider
  • An innovative creator
  • A government contractor (correct)
  • An individual undertaking a commercial project

Which term is synonymous with 'someone who undertakes certain projects' according to the text?

<p>Entrepreneur (E)</p> Signup and view all the answers

What is the historical origin of entrepreneurship as mentioned in the text?

<p>Government contractual agreements (D)</p> Signup and view all the answers

Which of the following best describes the role of an entrepreneur from an economic perspective?

<p>One who brings resources together to create greater value (C)</p> Signup and view all the answers

Based on the text, what does 'Entrepreneurial Process' primarily refer to?

<p>New value creation means (D)</p> Signup and view all the answers

Which of the following best represents the psychological perspective on entrepreneurs?

<p>Driven by the need for achievement, experimentation, and independence (B)</p> Signup and view all the answers

Which of the following is NOT a type of entrepreneur mentioned in the text?

<p>Serial entrepreneur (D)</p> Signup and view all the answers

What is the function of an entrepreneur from the perspective of a capitalist philosopher?

<p>To create wealth for themselves and others (B)</p> Signup and view all the answers

Based on the information provided, which of the following statements is TRUE about intrapreneurship?

<p>It involves entrepreneurial work within a large organization (A)</p> Signup and view all the answers

Which of the following is NOT mentioned as a role of entrepreneurs in economic development?

<p>Reduction in economic concentration (B)</p> Signup and view all the answers

More Like This

Use Quizgecko on...
Browser
Open
Browser
Browser