Entrepreneurship, Job Creation, and National Economy Quiz

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What is the primary purpose of entrepreneurship according to the text?

To introduce innovative products and services

To initiate and maintain profitable economic activities (correct)

To create new job opportunities for the unemployed

To distribute goods and services to consumers

What is a key characteristic of an entrepreneur?

Focused solely on maximizing profits

Tries to maximize profits through innovation (correct)

Risk-averse and cautious

Avoids new and pioneering ventures

How does the text characterize entrepreneurs?

As managers of large, established corporations

As employees working for wages in existing firms

As people who enter into new and pioneering ventures (correct)

As individuals focused on personal wealth creation

What is considered a key function of entrepreneurship according to the text?

Recognizing and acting on business opportunities Signup and view all the answers

What resources are necessary for an entrepreneur to succeed?

Human, financial and material resources Signup and view all the answers

How does the text suggest entrepreneurship contributes to the national economy?

All of the above Signup and view all the answers

Which of the following is NOT considered a characteristic of a technopreneur?

Risk-averse Signup and view all the answers

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. Signup and view all the answers

Which of the following is NOT considered an importance of technopreneurship?

Centralization of business Signup and view all the answers

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. Signup and view all the answers

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 Signup and view all the answers

Which of the following is NOT considered a characteristic of a technopreneur?

Comfortable with traditional business models Signup and view all the answers

What is the primary function of entrepreneurship in economic development?

Promoting capital formation Signup and view all the answers

How does entrepreneurship contribute to balanced regional development?

By providing incentives for businesses to relocate to less developed regions Signup and view all the answers

Which of the following is NOT a way that entrepreneurship promotes economic development?

Increasing product image Signup and view all the answers

How does entrepreneurship contribute to the equitable redistribution of wealth and income?

By providing immediate large-scale employment Signup and view all the answers

Which of the following is NOT a function of an entrepreneur?

Establishing credibility through personal relationships Signup and view all the answers

What is the primary way that entrepreneurship promotes export trade?

By increasing the capital base Signup and view all the answers

Entrepreneurship, Job Creation, and National Economy Quiz

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Questions and Answers

What is the primary purpose of entrepreneurship according to the text?

What is a key characteristic of an entrepreneur?

How does the text characterize entrepreneurs?

What is considered a key function of entrepreneurship according to the text?

What resources are necessary for an entrepreneur to succeed?

How does the text suggest entrepreneurship contributes to the national economy?

Which of the following is NOT considered a characteristic of a technopreneur?

What is one of the key differences between an entrepreneur and a technopreneur?

Which of the following is NOT considered an importance of technopreneurship?

What is the role of technology incubators in the technopreneurship ecosystem?

What is the primary goal of the technopreneurship ecosystem?

Which of the following is NOT considered a characteristic of a technopreneur?

What is the primary function of entrepreneurship in economic development?

How does entrepreneurship contribute to balanced regional development?

Which of the following is NOT a way that entrepreneurship promotes economic development?

How does entrepreneurship contribute to the equitable redistribution of wealth and income?

Which of the following is NOT a function of an entrepreneur?

What is the primary way that entrepreneurship promotes export trade?

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