Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Entrepreneurship Creation and Value Extraction

11 Questions

3 Views

Entrepreneurship Creation and Value Extraction

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 is entrepreneurship mainly focused on?

Eliminating rewards in business ventures

Minimizing risk in business ventures

Creation of economic value (correct)

Extraction of social value

What is the process of setting up a business known as?

Economic extraction

Investment

Entrepreneurship (correct)

Risk minimization

How is an entrepreneur defined?

Someone who avoids risks in business

An individual who invests without bearing any risks

A person who avoids taking financial risks

A person who innovates and invests in businesses taking risks (correct)

How has entrepreneurship been described more narrowly?

Creating, launching, and running new businesses Signup and view all the answers

What are individuals who create businesses often referred to as?

Entrepreneurs Signup and view all the answers

What are some factors that can lead to the closure of a startup company?

A combination of lack of funding, bad business decisions, government policies, an economic crisis, and a lack of market demand Signup and view all the answers

What does entrepreneurship involve?

Creation or extraction of economic value and the act of being an entrepreneur Signup and view all the answers

How did Jean-Baptiste Say define entrepreneurship in the 19th century?

Shifting economic resources to areas of higher productivity Signup and view all the answers

What is considered one of the criteria for becoming an entrepreneur?

Having preferential access to individuals and opportunities Signup and view all the answers

How do some scholars view entrepreneurship according to the text?

As an individualistic perspective focusing on traits an entrepreneur has Signup and view all the answers

In which fields has entrepreneurship been studied according to the text?

Within disciplines like management, economics, sociology, and economic history Signup and view all the answers