Entrepreneurship: Overview and Concepts Quiz

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Questions and Answers

What does an entrepreneur do?

  • Avoids taking risks in business ventures
  • Creates unique ideas for starting a business (correct)
  • Manages existing businesses only
  • Imitates existing business ideas

What is the significance of studying Entrepreneurship?

  • To limit knowledge on business operations
  • To discourage individuals from becoming entrepreneurs
  • To decrease motivation for personal growth
  • To develop skills needed for starting a business (correct)

How does Entrepreneurship education impact the economy?

  • Decreases the number of job opportunities available
  • Reduces the level of knowledge and competence in the society
  • Increases the level of knowledge, competence, and improves quality of life (correct)
  • Has no impact on economic drivers

What distinguishes an entrepreneur from a businessman?

<p>An entrepreneur innovates and creates unique ideas, while a businessman operates existing businesses (A)</p> Signup and view all the answers

Why is integrity important in entrepreneurship?

<p>Integrity builds trust with customers and partners (B)</p> Signup and view all the answers

What are some benefits of studying Entrepreneurship according to the text?

<p>Enhancement of knowledge on business operations (B)</p> Signup and view all the answers

Which of the following is NOT a common entrepreneurial competency?

<p>Conceptual Thinking (A)</p> Signup and view all the answers

What is a key competency required for entrepreneurial success that involves understanding where problems occurred in projects?

<p>Conceptual Thinking (C)</p> Signup and view all the answers

In entrepreneurship, which competency involves making decisions based on what is good and right for everyone?

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

Which of the following is a quality more associated with a businessman than an entrepreneur?

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

What key aspect distinguishes an entrepreneur from a businessman?

<p>Risk-Taking Propensity (C)</p> Signup and view all the answers

Which of the following is a potential benefit of studying Entrepreneurship Education?

<p>Encouraging Willingness to Take Risk (B)</p> Signup and view all the answers

Which of the following is NOT a quality that an entrepreneurship student should possess?

<p>Risk-averse (C)</p> Signup and view all the answers

What is the primary difference between a businessman and an entrepreneur?

<p>An entrepreneur is focused on creating and growing a new business, while a businessman manages an existing business. (C)</p> Signup and view all the answers

If you witnessed your classmate using a teacher's computer without permission, what would be the most ethical course of action?

<p>Report the incident to the teacher or school authorities. (A)</p> Signup and view all the answers

Which of the following is NOT a benefit of studying entrepreneurship for students?

<p>Becoming an expert in a specific industry or product. (C)</p> Signup and view all the answers

Which of the following is an essential entrepreneurial competency for success?

<p>All of the above (D)</p> Signup and view all the answers

Which of the following qualities should an entrepreneurship student prioritize the most?

<p>There is no single most important quality; a combination of qualities is essential. (A)</p> Signup and view all the answers

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