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Questions and Answers
What is entrepreneurship?
What is entrepreneurship?
- The capacity and willingness to develop, organize, and manage a business venture
- The process of designing, launching, and running a new business
- The process of creating or investing in businesses, involving risks and rewards (correct)
- The creation or extraction of economic value with minimal risk
How is an entrepreneur commonly seen?
How is an entrepreneur commonly seen?
- As a manager of an established business
- As a follower of existing ideas and procedures
- As an innovator and a source of new ideas and goods (correct)
- As an employee in a large corporation
What is the primary reason for a significant proportion of startups closing?
What is the primary reason for a significant proportion of startups closing?
- Government policies
- Economic crisis
- Minimal risk assumed by traditional businesses
- Lack of market demand (correct)
What is the capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit?
What is the capacity and willingness to develop, organize, and manage a business venture along with any of its risks to make a profit?
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What does entrepreneurship entail beyond the minimal amount of risk assumed by a traditional business?
What does entrepreneurship entail beyond the minimal amount of risk assumed by a traditional business?
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