Entrepreneurship Definitions

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Questions and Answers

What is the main characteristic of an entrepreneur according to Joseph Alois Schumpeter?

  • Taking financial risks
  • Being motivated by profit
  • Exercising initiative (correct)
  • Measuring success through profit

In the entrepreneurial process, what key variable is essential?

  • Entrepreneur
  • Organization
  • Resources
  • Opportunity (correct)

What is a common characteristic of Craft Entrepreneurs?

  • Opportunist
  • Growth oriented (correct)
  • Income oriented
  • Nascent

What stage of the Entrepreneurial Process involves idea generation and opportunity recognition?

<p>Idea Generation (A)</p> Signup and view all the answers

How are entrepreneurs classified according to one of the provided texts?

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

What is Entrepreneurial Personality characterized by?

<p>Specific beliefs, attitudes, and behaviors (A)</p> Signup and view all the answers

Which approach focuses on the distinction between internal and external locus of control in entrepreneurship?

<p>Psychological Approach (A)</p> Signup and view all the answers

What is a key reason for people becoming entrepreneurs?

<p>High Need for Achievement (A)</p> Signup and view all the answers

What pulls individuals towards entrepreneurship in terms of sociological reasons?

<p>Positive pull from relatives &amp; friends (B)</p> Signup and view all the answers

Which factor influences the situational perceptions of approach feasibility in entrepreneurship?

<p>Success stories (D)</p> Signup and view all the answers

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