Entrepreneurship Definition and Meaning Quiz
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Questions and Answers

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?

  • 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?

  • Pure entrepreneur (correct)
  • Passive entrepreneur
  • Reluctant entrepreneur
  • Occasional entrepreneur

    • Which quality is essential for an entrepreneur according to the text?

    <p>Innovative ability</p> Signup and view all the answers

    What function is typically associated with entrepreneurs?

    <p>Risk taking and uncertainty bearing</p> Signup and view all the answers

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