18 Questions
What is the primary purpose of entrepreneurship according to the text?
To initiate and maintain profitable economic activities
What is a key characteristic of an entrepreneur?
Tries to maximize profits through innovation
How does the text characterize entrepreneurs?
As people who enter into new and pioneering ventures
What is considered a key function of entrepreneurship according to the text?
Recognizing and acting on business opportunities
What resources are necessary for an entrepreneur to succeed?
Human, financial and material resources
How does the text suggest entrepreneurship contributes to the national economy?
All of the above
Which of the following is NOT considered a characteristic of a technopreneur?
Risk-averse
What is one of the key differences between an entrepreneur and a technopreneur?
Technopreneurs embrace technological risk, while entrepreneurs are comfortable with various business risks.
Which of the following is NOT considered an importance of technopreneurship?
Centralization of business
What is the role of technology incubators in the technopreneurship ecosystem?
They provide resources like office space, mentorship, and funding to nurture tech-based businesses.
What is the primary goal of the technopreneurship ecosystem?
To create an environment that supports new ideas, investments, and steady growth of tech-based businesses
Which of the following is NOT considered a characteristic of a technopreneur?
Comfortable with traditional business models
What is the primary function of entrepreneurship in economic development?
Promoting capital formation
How does entrepreneurship contribute to balanced regional development?
By providing incentives for businesses to relocate to less developed regions
Which of the following is NOT a way that entrepreneurship promotes economic development?
Increasing product image
How does entrepreneurship contribute to the equitable redistribution of wealth and income?
By providing immediate large-scale employment
Which of the following is NOT a function of an entrepreneur?
Establishing credibility through personal relationships
What is the primary way that entrepreneurship promotes export trade?
By increasing the capital base
Test your knowledge on the relationship between entrepreneurship, job creation, and the national economy. Explore topics such as the nature of entrepreneurship, functions, and characteristics of entrepreneurs. Learn about the purposeful activities undertaken to initiate, maintain, or earn profit in the field of entrepreneurship.
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