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Questions and Answers
Which of the following is a characteristic of an entrepreneur?
Which of the following is a characteristic of an entrepreneur?
- Action oriented (correct)
- Risk averse
- Passive approach
- Follower mentality
According to J.B. Say, what does an entrepreneur do?
According to J.B. Say, what does an entrepreneur do?
- Only raises money for business
- Has no role in production process
- Only manages the business unit
- Brings together factors of production (correct)
What is a classification of entrepreneurs based on motivation?
What is a classification of entrepreneurs based on motivation?
- Pure entrepreneur (correct)
- Passive entrepreneur
- Reluctant entrepreneur
- Occasional entrepreneur
Which quality is essential for an entrepreneur according to the text?
Which quality is essential for an entrepreneur according to the text?
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What function is typically associated with entrepreneurs?
What function is typically associated with entrepreneurs?
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