Entrepreneurship in the 21st Century
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Questions and Answers

Which of the following is NOT a characteristic of today's entrepreneur?

  • Being highly educated
  • Valuing innovation and creativity
  • Possessing managerial and technical knowledge
  • Being older compared to traditional entrepreneurs (correct)

What type of business activities are more Filipinos engaged in, according to the Global Entrepreneurial Monitor (GEM, 2006)?

  • Medium business
  • Micro, small, and medium business (correct)
  • Micro and small business
  • Large business

What is one of the changes in the social, economic, political, and technological environment that has altered the traditional concept of an entrepreneur?

  • Decreased access to technology
  • Advancements in technology (correct)
  • Increased government regulations
  • Reduced emphasis on innovation

What do today's entrepreneurs value?

<p>Innovation and creativity (C)</p> Signup and view all the answers

What do today's entrepreneurs believe in for the success of their business?

<p>Team effort and group accountability (C)</p> Signup and view all the answers

Which perspective is NOT mentioned as a way to define an entrepreneur?

<p>Sociologist (B)</p> Signup and view all the answers

What is one of the roles of an entrepreneur?

<p>Risk taker (B)</p> Signup and view all the answers

What is one of the reasons why there is no universal definition of an entrepreneur?

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

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