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Entrepreneurship: Definition and Importance

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Questions and Answers

What is the origin of the word 'entrepreneur'?

Italian word meaning 'business owner'
Spanish word meaning 'innovator'
French word meaning 'to undertake' (correct)
German word meaning 'risk-taker'

How do entrepreneurial businesses contribute to economic growth?

By decreasing the workforce
By limiting technology investments
By reducing job opportunities
By expanding operations and investing in technology (correct)

What impact do entrepreneurs have on society through technological advancement?

They restrict access to information
They limit job creation
They bring new ideas and products that change how people live (correct)
They discourage innovation

How does the emergence of new competition affect market dynamics?

It encourages provision of better goods and services at cheaper costs (B) Signup and view all the answers

What role does entrepreneurship play in approaching societal challenges?

It revolutionizes the way societal challenges are approached and solved (B) Signup and view all the answers

Why is entrepreneurship considered a driving force behind societal development?

As it results in societal improvements through economic growth and innovation (A) Signup and view all the answers

What is one way entrepreneurial businesses contribute to economic growth?

By expanding operations and investing in technology (D) Signup and view all the answers

How do entrepreneurs impact societal challenges according to the text?

Creating innovative and sustainable business solutions (B) Signup and view all the answers

What does Agripreneurship mainly focus on?

Agricultural goods production and selling (C) Signup and view all the answers

How does Edita Aguinaldo Dacuycuy contribute to entrepreneurship?

By establishing an organic dragon fruit farm (B) Signup and view all the answers

Which statement best describes the impact of entrepreneurs on technological advancement?

Transforming how people live through innovations (C) Signup and view all the answers

'Refmad-V Enterprise' received awards for?

'Best Business Compa...' (D) Signup and view all the answers

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